FPCCI presents Gwadar’s future potential KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Gwadar Promotion and Development presented a detailed presentation on Gwadar’s future potential. Col (retd) Fazal Maqbool Afridi Chairman of the Standing Committee highlighted the importance of Gwadar in the days to come. He informed the participants Gwadar would attract a lot of investment from foreign countries particularly China in the future and thereby become an economic hub not only for Pakistan but also for the entire region owing to its geographical and strategic importance. He said Gwadar was located close to the Gulf countries, the world’s biggest oil reserves and shipping routes and also because it reduced the time consumed in moving cargo from China to the Arabian Sea from five days to one day, if the land route was completed. While comparing Gwadar Port with other ports in Pakistan, he said a ship at Port Qasim had to cross a channel of 40 kilometers (km), while at Gwadar the channel was only 3 km, because Gwadar is a deep sea port. Therefore there is no demurrage expense at Gwadar Port. If in Karachi a 20,000-tonne ship can offload, then at Gwadar a 100,000-tonne ship can easily offload its cargo. He said the success of the Port would lead to the creation of 2.5 million jobs in Gwadar. He urged investors to come forward to invest in education, health, construction, tourism, real estate, logistics, transportation, fisheries and other sectors at Gwadar. staff report
Posted on: Sat, 29 Jun 2013 14:55:21 +0000
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