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Gwadar possesses immense strategic lure and could emerge as a key shipping point: Zhang Bao Zhong

Lahore, March 03, 2016 (PPI-OT): Gwadar possesses an immense strategic lure and could emerge as a key shipping point. It was stated by Mr. Zhang Bao Zhong Chairman, China Overseas Ports Holding Company while addressing in MoU ceremony arranged by Pak-China Joint Chamber of Commerce and Industry. The memorandum of Understanding was signed between North South Transport Network (NSTN) Pvt. Limited Pakistan and Gwadar International Terminal Limited (GITL) today at PCJCCI premises. The MoU was signed by Mr. Muhammad Anwar CEO NSTN and Capt. Xiaolong Dai CEO GITL in presence of Mr. Shoukat Meraj, Director, North South Transport Network (Pvt.) Ltd, Mr. S.M Naveed, Senior Vice President PCJCCI chaired the session.

The MOU has been inked In order to complement and fortify the common interests and objectives amongst the parties with respect to co-operation in the development of Gwadar port. According to the MoU, GITL intends to provide land for warehousing and storage of goods/containers to NSTN; basis to anticipate the initial throughout monthly volume of 200-250 containers or 5000-6000 tons of cargo and up to 2000 tons or 25,000 – 30,000 tons of cargo.

During the MoU signing session the reputed dignitaries discussed various significant aspects regarding Gwadar Port. Mr. S.M Naveed SVP PCJCCI informed that currently, the transport and logistics sector (trucking, freight forwarding and warehousing) contribute around 0.38% to the GDP, and approximately USD 650 million to the national income. He said that by attracting 5% of china’s international cargo volume, the three transport and logistics subsectors could earn USD 6 billion annually, creating 9,000 new enterprises and 400,000 new jobs in the country.

Mr. Zhang Bao Zhong, added to this by saying that Gwadar is the jewel in Pakistan’s economy. He said that Gwadar possesses an immense strategic lure and could emerge as a key shipping point, bringing Pakistan the much needed income. If it is combined with the surrounding areas through communications infrastructure, it can become a new Asian trade nucleus, he added.

Capt. Xiaolong Dai CEO GITL in this regard stated that Gwadar up till now is a deserted area and China, this year is determined to speed up the development process so as to involve more and more people to trigger the economic circle in Gwadar. He said that MoU signed for the development of Logistics sector at Gwadar including storage and warehouses will prove to be a catalyst to economic activity in the city.

Mr. Muhammad Anwar said on the occasion that Gwadar being an international city would be emerged as a financial centre and trading pivot of the region, which will definitely attract talented residents from Pakistan and abroad. Therefore, Gwadar’s local governing structure should be able to embolden resident entrepreneurs, traders, financiers, artists, and other circles of intelligentsia to become part of the governing bodies of the city, he added.

After the MOU session, PCJCCI facilitated the participants of the ceremony by arranging an exclusive meeting with the management authorities of China Overseas Ports Holding Company (COPHC) at premises of Lahore Chamber of Commerce and Industry. During the whole activity Customs Syndicate, PCJCCI and China Overseas Ports Holding Company played a facilitating role.

For more information, contact:
Wardah Ali Gohar
Media Manager
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

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