Gwadar Port Free Zone to spur economic growth in Pakistan

[CrazyZ]

Gwadar Port Free Zone to spur economic growth in Pakistan

April 21, 2019

Gwadar Port Free Zone will spur economic growth in Pakistan, particularly in Balochistan province after its completion.

This has been stated in a report by China Internet Information Center, China.org.cn.

The report says, more than thirty Chinese and Pakistani enterprises have moved in so far, with three billion yuan of direct investment, in the Gwadar Port free zone.

These include investment in hotel, bank, insurance, financial leasing, logistics, overseas warehousing, grain and oil processing, aquatic product processing, and home appliances assembly.

Their yearly output value will exceed five billion yuan once they all come into operation.

 

[khansaheeb]

Just the start, when the ball starts rolling investments and development will start rolling in.

 

[Quibbler]

Just the start, when the ball starts rolling investments and development will start rolling in.

The ball was supposed to already rolling. And all major financial institutes predict average Pakistani GDP growth to be below 2.5 pc till 2024. Doesn't look like the ball will roll anytime soon.

 

[jupiter2007]

The ball was supposed to already rolling. And all major financial institutes predict average Pakistani GDP growth to be below 2.5 pc till 2024. Doesn't look like the ball will roll anytime soon.

Progress is too slow, we are 10 years behind.