Pakistan has plenty of international airports, but its biggest airport is currently under development in Gwadar. It’s been named the New Gwadar International Airport and is a part of China Pakistan Economic Corridor project. Stretching over 4,300 acres (17 km²) of land, the New Gwadar International Airport is expected to play a crucial role in the development of the coastal…

In 1954, a study conducted by American researchers highlighted the potential of Gwadar to become an important seaport. Back then, Gwadar was under the control of Oman. In 1958, Pakistan bought Gwadar port from Oman. After that, various attempts were made to turn Gwadar into a port city. Unfortunately, due to lack of funds and continuity in government policies, the…

The development of Gwadar port is one of the core projects of China Pakistan Economic Corridor (CPEC). The port city holds great commercial and strategic significance because it’s a warm water deep seaport at the mouth of the Persian Gulf and Strait of Hormuz. This region is known as the home of two-thirds of global oil supplies. Moreover, the port…

China Pakistan Economic Corridor (CPEC) is a $62 billion worth mega economic project that will be developed in four phases. Currently, CPEC is on the brink of completing its first phase and so far, 32 Early Harvest Projects have been completed under CPEC. CPEC was focused on removing the economic bottlenecks in the first phase of the development process. This…

China Pakistan Economic Corridor (CPEC), a mega economic project under China’s grand vision of the Belt and Road Initiative (BRI), is being pursued by China and Pakistan, collectively. The project secures numerous economic benefits for both countries. This is why China is making multiple investments in Pakistan’s industrial, transportation and energy sectors. However, there is one city where China is…

Pakistan and China are close strategic partners, creation of economic interdependence between them is an easy task. The geographical proximity and the opportunity to develop the least developed parts of China and Pakistan allow them to foster economic interdependence for mutual economic advantage. This economic interdependence increases integration, trade promotion, and many related activities such as investment flow, transfer of…

China Pakistan Economic Corridor (CPEC) carries in its lap lucrative prospects for Pakistan’s economy to thrive. There is no gainsaying the fact that Pakistan’s economic fortune seems bright in the wake of CPEC as it is an economic jackpot which will result in an inclusive economic development of Pakistan. Currently, Pakistan has been at face with severe economic crisis and…