IMPORTANCE OF GAWADAR PORT

IMPORTANCE OF GWADAR PORT

Group Members:AMEEQ HANZLAH SOHAIL Group Leader 14-CS-006ASIF NAWAZ 14-CS-009AHSAN SAGHEER 14-CS-055SHAFULLAH 14-CS-057BILAL RASHEED 14-CS-050JUNAID WAHAB 14-CS-051Course Name : Pakistan Studies

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Contents :

Introduction and HistoryGeopolitical ImportanceEconomical ImportanceWhy Gwadar port ?Construction of Gwadar portConclusion

History and IntroductionIn 1783, theKhanofKalatgrantedover Gwadar toTaimur Sultan. On 8 September 1958,Pakistanpurchased the Gwadar enclave $3 million from Oman.

The Project started on 22 March 2002, is on fast track and completed in schedule time i.e. March 2005.3rd deep sea port of SLOCs

Location: Baluchistan Shore of Arabian Sea 120km from Iran At the mouth of Strait of HormuzStrategic Location

Geopolitical Importance Gwadar port has great strategic value, enhancing Pakistans importance in the whole region. It extended Pakistans importance from Persian Gulf through the Indian Ocean to Southeast Asia and the Fareast. It is close to the Strait of Hormuz, through which more than 13 million barrel oil per day passes.Gwadar surrounded by countries having two third oil reserves.Capitalize on opportunities for trade with landlocked Central Asian States and AfghanistanThe relations with neighboring and regional countries can be improved and trade can be enhanced.

Importance for China

It is hoped that China-Pakistan plan to make Gwadar an energy corridor by constructing the oil refinery abandoned in 2009 will be revived.

Economical ImportanceCan act as shortest trade route to china.Pakistan can earn lot of foreign exchange through transit fee and improve her foreign exchange reserves.Lot of new jobs would come up due to new projects which would lower the overall rate of unemployment.2 million jobs.It would improve the overall economy of the country.Development in Baluchistan.Promote trade and transport with Gulf States.The living conditions and literacy rate of these areas can also be improved.Investment of $350 million in Railway project.

WHY GWADAR ?Deepest sea port of Pakistan Highest depth.Large ships can be dockedLess time less money -economical

NATIONAL PORTSDepth In MeterPORT QASIM9-10KARACHI PORT11-12GWADAR PORT17-19

Construction of Gwadar portThe development of Gwadar Deep Sea Port is to be undertaken in two phases:

The port was formally inaugurated on 20thmarch 2007 by Pakistans President, Pervez Musharraf, and the Chinese communication minister, Li Shasheng. China has also agreed to participate in phase-2 of the Gwadar Port Project, which will be completed at a cost of $600 million. Phase-I will be completed at a cost of Rs.14.9 Billion (US$. 248/- Million) and will complete in 36 months i.e. March 2005

PHASE-II4 Container Berths1 Bulk Cargo Terminal (to handle 100,000 DWT ships).1 Grain Terminal1 Ro-Ro Terminal2 Oil Terminals to handle 200,000 DWT shipsChina has also agreed to participate in phase-2 of the Gwadar Port Project, which will be completed at a cost of $600 million.

Conclusion:Pakistan should build up Gwadar Port and attract the returning, highly skilled, and experienced human resource from Dubai.To enhance the development of Gwadar port Central Asian Republic will trade in Pakistan which will make a very beneficial effect on Pakistan economy.By the good development of Gwadar port not even Baluchistan many cities of Pakistan will be modern and well settled.