Big news for CPEC and Pakistan as the Gwadar seaport continues to propel forward, with the arrival of the first international fish cargo ship carrying two hundred tons of fish at the Gwadar seaport.
The operation at Gwadar Seaport which was kicked off under the directions of Pakistan’s Prime Minister Imran Khan and his government. Under the umbrella of the CPEC’s multi-billion-dollar project has resulted in the arrival of the first fish cargo containing two hundred Tons of fish from international waters at Gwadar.
Over 200 tons of fish will be shipped in reefer containers to China, starting a new era of growth and prosperity for the people of Baluchistan and the country’s economy.
Pakistan customs are able and willing to aid the Prime Minister Imran Khan in crystalising the vision of building Gwadar into a truly international Transit Trade hub. They want to also advertise Trade which is viable through the Gwadar seaport. The federal board of revenue has already notified International Transshipment Rules vide SRO 218(I)/2020 dated 10.03.2020.
Take note, the fishing activity in the coastal area of Pakistan has contributed significantly to the national economy, contributing about 1% per cent to Gross Domestic Product and providing employment opportunity to about 1% of Pakistan’s labour force, the source for income generation, and export revenues.
In addition, a special dedicated Transit Trade Board of Directors has been formed at Gwadar to join forces with the stakeholders to develop Gwadar into an international Transit Trade hub. In the coming days, more consignment carrying international cargo including DAP fertiliser, Steel Pipes and LPG for transit to Afghan is arranged to arrive at the port in Gwadar as a result of the strategic approach and support from the stakeholders.
This shows the conviction of the international business community, the economic potential of Gwadar seaport and outstanding effort provided by the Pakistan customs to facilitate trades in the Port.
Earlier this year, a Transit trade to Afghan via Pakistan’s strategic Gwadar port ensued with a consignment of bulk cargo from UAE in July.
Pakistan’s special envoy for Afghanistan, Mohammad Sadiq, took to his Twitter to share that “The first transit consignment of bulk cargo through Gwadar to Afghanistan started today. Several consignments are lined up for coming days,” and also shared “We have crossed another milestone towards establishing our credentials as a transit city,”
Gwadar with its six hundred kilometre coastline is a key deep port currently operated by China, which aims to obtain direct access to the Indian Ocean via Gwadar seaport in line with its Multi-billion dollar CPEC (China Pakistan Economic Corridor) mega project.
The China Pakistan Economic Corridor project is expected to get China cheaper access to the Middle East and Africa and also earn Pakistan billions of dollars to secure transit facilities to the world’s second-largest economy.
Recently, Advisor on Commerce, Abdul Razak Dawood led Pak delegates to Afghanistan, during this visit the businessmen in Afghanistan have expressed their interest in investing for trade via Gwadar seaport.
Pakistan’s strategic Gwadar port is a game-changer for Pakistan and will provide them with the much-needed foreign exchange in the future.