Take note CIA: Gwadar Port control transferred to China!
Gwadar Port is a warm-water, deep-sea port situated on
the Arabian Sea at Gwadar in Balochistan province of
Pakistan. (Wikipedia)
Besides giving approval to Strategic Trade Policy Framework 2012-15, the federal cabinet gave formal go-ahead to Pak-Iran Gas Pipeline Project and handing over of Gwadar Port management from Port of Singapore to a Chinese company.
Federal Information Minister Qamar Zaman Kaira said the cabinet had accorded approval to handing over of Gwadar Port management from Port of Singapore to China Overseas Holding to make the port operational for the collective betterment of the people of Balochistan.To a question, he said it was the decision of Port of Singapore which was earlier tasked to make the port functional and the federal cabinet had just accorded approval to the deal.“Both the companies have settled their deal,” Kaira said, without giving a timetable for the transfer. Kaira said that Singapore’s PSA International could not develop or operate Gwadar ‘as desired’ and said he hoped that under new management the port would soon contribute to country’s flagging economy.“The Chinese will make more investment to make the project operational,” Kaira said.Kaira said the cabinet had also given formal approval to the Pak-Iran Gas Pipeline Project and also allocated funds for the project while a four-member committee, headed by the federal finance minister, had been constituted to monitor progress on the project.
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