CPEC

China-Pakistan Economic Corridor (CPEC) is an important corridor that will connect the private sectors of both the countries by bringing unprecedented investment. It is an initiative towards the era of industrialization by establishing special economic zones. Gwadar is situated on the south-western coast of the Balochistan province of Pakistan. It is known as a gateway to the oil-rich Middle East,…

Seaports have always played a key role in the economic development of countries and regions. In this context, the development of Gwadar port as part of China Pakistan Economic Corridor is a major development for the whole of Asia in general and resource rich countries of Central Asia in particular, since they have no other port in proximity through which…

Special Economic Zones (SEZs) have become a tool for industrial development amongst many countries across the world. In simple words, SEZ is an area within a country where the state systematically promotes economic activity through various incentives like tax and duty exemptions. The aim is to encourage businesses and entrepreneurs to step forward and invest. This not only helps businesses…

Source: www.beltroad-initiative.com Gwadar Eastbay Expressway is one of the key projects in the development of Gwadar. Chairman Gwadar Development Authority Lt-Gen (retired) Asim Saleem Bajwa said in a tweet that the construction of the project is currently in the last stages and will be completed in October 2021. Analysts believe that the completion of the Gwadar Eastbay Expressway will turn…

Source: beltroad-initiative.com   The initiator of the “Chinese Dream”, President Xi Jinping in 2013 envisioned to make China a great Nation by 2049, in line with the 100th anniversary of the Communist Party and that of the Republic of China. The origination of Belt and Road Initiative (BRI) was part of this Chinese Dream that comprises six land routes and…

China Pakistan Economic Corridor (CPEC) is a key project of China’s Belt and Road Initiative via which China aims to engage with more than sixty countries across the globe for trade. CPEC is a land corridor that will connect China with Gwadar port in Balochistan through a network of roads, highways, railways, pipelines, grids, and fiber optics. The project was…

Rafi Group is a premium real estate land development company in Pakistan. It has redefined the property sector in the country with innovation and excellence. Rafi Group is a pioneer in land development and the company has worked tirelessly to inspire people’s interest in the real estate sector. Today, the company has become a symbol of authenticity and reliability. It…

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…