Gwadar Port opens for transit trade

Published October 2, 2019
A view of the Gwadar port from the sea is seen in this file photo. The port is expected to serve as a gateway for landlocked Central Asian states by providing them access to maritime routes and a trade corridor for doing business with all countries of the world.
A view of the Gwadar port from the sea is seen in this file photo. The port is expected to serve as a gateway for landlocked Central Asian states by providing them access to maritime routes and a trade corridor for doing business with all countries of the world.

ISLAMABAD: Gwadar Port has been opened for transit trade and the first ship in this regard is set to arrive next week, a sub-committee of the Senate Standing Committee on Maritime Affairs was informed on Tuesday.

Officials of the Ministry of Maritime Affairs briefed the sub-committee regarding transit trade and transshipment. The body was informed that the Afghan Trade Transit (ATT) Module required some changes that have been applied and after initial testing it is ready for application.

The senate body was informed that the first ATT shipment would arrive on Oct 8, next week at Gwadar port, which will gradually increase.

Convener of the sub-committee Senator Kauda Babar, who hails from Gwadar, pointed out towards the lacunas in planning and development of the area.

The officials acknowledged that Gwadar Port’s main competitors would be Singapore and Dubai ports, since incentives such as no cargo demurrage charges and three months storage facility would surely divert business to Gwadar.

The sub-committee also discussed the storage facilities for fish processing within or outside the port, the committee was assured that additional taxes would not be imposed on the Chinese companies to establishing such facilities and investments in this regard.

The sub-committee discussed legal framework, rules and regulations pertaining to fish dumping and reprocessing facilities at Gwadar Port to local and foreign investors including the Chinese companies. Senator Babar said,“the major firms will be asked to adopt a resolution to employ local population for jobs at such facilities.”

It was also decided that there has to be a national level policy regarding fishing trawlers and a uniform mechanism has to be formulated for all provinces, as marine fishing is conducted in off the coast of Sindh as well as Balochistan. The sub-committee informed that the revised PC-1 of Eastbay Expressway Project at Gwadar was being submitted to Ecnec for approval.

Probing the matter of internet connectivity and quotation of Rs14 million issued by PTCL for works relating to Optic Fibre connection and installation, the committee was informed that PTCL has now agreed for the said setup.

The matter is being handled by PTCL and China Overseas Ports Holding Company Pakistan (Pvt.) Ltd. (COPHC) and the members noted that distance from the gate to the pole was around three kilometres as opposed to 6.4 km that have been quoted.

“Charges are therefore exaggerated,” Senator Babar added.

The meeting was attended by Senators Moula Bux Chandio and Muhammad Akram as well as senior officers from the Ministry of Maritime Affairs, Information Technology and Telecommunications, Gwadar Port Authority Federal Board of Revenue, PTCL and others.

Published in Dawn, October 2nd , 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...