Gawader
Importance of Gwadar Port for Pakistan
IMPORTANCE OF GWADAR PORT FOR PAKISTAN
Selection of Gwadar for construction of Deep Sea Port. While carrying out feasibility study for development of Gwadar port both Karachi and Bin Qasim were also considered for such development but found not attractive to major shipping agencies due to remoteness from main shipping routes, limitations of draft and comparatively long turn around time. Due to these reasons Gwadar was selected as the site for 3rd commercial port for Pakistan.
Geo-Strategic Importance
Gwadar port is located about 267 NM West of Karachi. Because of its ideal location at the mouth of gulf and opposite strategic choke points of Strait of Hormuz and Gulf of Oman the port is visualized to become a regional hub serving incoming and out going commercial traffic of Middle East and Gulf countries. The new port of Gwadar will supplement Karachi Port and Port Qasim. It will attract transit and trans-shipment trade from over twenty countries including Srilanka, Bangladesh, Oman, UAE, Saudi Arabia, Qatar, Iraq and Iran. These countries may open their warehouses in Gwadar for export of goods and storing of imported goods for later shipment to their countries.
Non Quantifiable Benefits of Port. Details of indirect non quantifiable benefits which the people of region will get and would accrue to the national economy from this port.
Duty Free Port & Free Economic Zone/Incentives. Keeping in view the significance of Gwadar port, the government has declared Gwadar as a Duty Free Port and Free Economic Zone. A separate allocation of one billion rupees was made in the budget for the fiscal year 2004-2005 for the construction of the export zone and Gwadar industrial city. This has greatly accelerated the pace of development in the area. The other incentives announced by Govt are summarized as under:
Positive approach towards private sector involvement.
Infrastructure development on BOT/BOO basis.
100% profit
IMPORTANCE OF GWADAR PORT FOR PAKISTAN
Selection of Gwadar for construction of Deep Sea Port. While carrying out feasibility study for development of Gwadar port both Karachi and Bin Qasim were also considered for such development but found not attractive to major shipping agencies due to remoteness from main shipping routes, limitations of draft and comparatively long turn around time. Due to these reasons Gwadar was selected as the site for 3rd commercial port for Pakistan.
Geo-Strategic Importance
Gwadar port is located about 267 NM West of Karachi. Because of its ideal location at the mouth of gulf and opposite strategic choke points of Strait of Hormuz and Gulf of Oman the port is visualized to become a regional hub serving incoming and out going commercial traffic of Middle East and Gulf countries. The new port of Gwadar will supplement Karachi Port and Port Qasim. It will attract transit and trans-shipment trade from over twenty countries including Srilanka, Bangladesh, Oman, UAE, Saudi Arabia, Qatar, Iraq and Iran. These countries may open their warehouses in Gwadar for export of goods and storing of imported goods for later shipment to their countries.
Non Quantifiable Benefits of Port. Details of indirect non quantifiable benefits which the people of region will get and would accrue to the national economy from this port.
Duty Free Port & Free Economic Zone/Incentives. Keeping in view the significance of Gwadar port, the government has declared Gwadar as a Duty Free Port and Free Economic Zone. A separate allocation of one billion rupees was made in the budget for the fiscal year 2004-2005 for the construction of the export zone and Gwadar industrial city. This has greatly accelerated the pace of development in the area. The other incentives announced by Govt are summarized as under:
Positive approach towards private sector involvement.
Infrastructure development on BOT/BOO basis.
100% profit