Gwadar is not just a port but a comprehensive business project: Yao Jing

Islamabad: Yao Jing, Ambassador of the People Republic of China to Pakistan, said that Gwadar has huge potential for the development and regional connectivity. He said that the government of Pakistan and all concerned authorities including CPEC Authority have played vital role in moving the project forward. Therefore, several economic initiatives have already been taken by the Chinese government as well as Chinese companies with the help of local partners.

A special online dialogue titled ‘Gwadar Port, free economic zone’s role in the prosperity of Balochistan & regional connectivity’ organized by the Sustainable Development Policy Institute (SDPI) here on Friday. Yao Jing, Ambassador of the People Republic of China to Pakistan, was special guest of the event.

He added further that Gwadar is not just a port but a comprehensive business project and thanks to tax incentives announced by the Government of Pakistan, the area now offers a lot of potential for the trade and investment. He said that Chinese government is committed to provide all the resources that may be required for the future development needs of Gwadar.

He said that China wants to expand its cooperation for the development of whole Balochistan and cooperation in agricultural development is being worked upon including testing cotton seed in Balochistan.

Lt. Gen (R) Asim Saleem Bajwa, Chairman CPEC Authority, has said that the second phase of CPEC which has been just begun is all about taking the dividends of the project to the people of Pakistan. He said that unprecedented socio-economic development in Gwadar and other parts of Balochistan have been initiated with a focus on ensuring the participation of local people in all the development projects. 

He said that the good news for industry is that the agreement on establishing Rashakai Special Economic Zone would be signed in the third week of August. He added further that Gwadar port as well as Gwadar airport have become fully functional now and Afghan Transit Trade has started to get diverting towards the Gwadar.

Dr Abid Qaiyum Suleri; Executive Director, SDPI, earlier underpinned the significance of enhancing cooperation in the field of agriculture and food security, said that it was agricultural sector that has been instrumental in ensuring food security in Pakistan during the pandemic.

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