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KARACHI – The decision of Balochistan government to shift provincial capital, Quetta, to Gwadar for 4 months during the coming winter season seems impracticable as it will cost some Rs1 billion in terms of expenditures to the province, The Nation has learnt.
QUETTA: The local government system is the cause of growing corruption and lawlessness at the grassroots level, Balochistan Chief Minister Aslam Raisani said on Tuesday. The chief minister said the government in Balochistan intended to replace the “Musharraf devolution plan” with a new system that would bring the district governments under the control of the[…]
ISLAMABAD: The government plans to link the Gwadar seaport with the rest of the country through rail and road networks, Prime Minister Yousaf Raza Gilani said on Wednesday.
KARACHI: Gwadar Mega City Project is tilting because of poor management and corruption, resulting in bankruptcy of several investors. Several investors have decided to withdraw their investment from the mega project to utilise it somewhere else, The Nation has learnt.
With all the skepticism about the Gwadar Port becoming fully operational, the political will of the PPP government has made the strategic port handle 37 shipments of imported commodities and their disbursement to far-flung areas of the country.
ISLAMABAD: The government has decided to provide ten-year tax holidays for Gwadar Export Processing Zone, Federal Minister for Industries and Production announced it during a press conference here on Wednesday.
ISLAMABAD: Pakistan has offered Afghanistan to use Gwadar and Bin Qasim ports for trading activities under the Afghan Transit Trade Agreement (ATTA) while in return it wants access to Central Asian Republics (CARs), official sources confided to The News on Saturday.
ISLAMABAD : The Ministry of Defence has held the Balochistan government responsible for 122 percent increase in the price of the land for New Gwadar International Airport (NGIA). The provincial government has also been accused of not only ignoring the directives of the Deputy Chairman Planning Commission, but also changing the basic data of calculating[…]
ISLAMABAD: The government is unlikely to scrap the Gwadar Port agreement with the Singapore Port Authority (SPA), fearing that the operators would drag it into international arbitration, and would claim reputation damages, sources in the Ministry of Ports and Shipping told Business Recorder here on Friday.
KARACHI: Pakistan Navy has established a three-day free medical camp at Gwadar for civilian populace of the area.
KARACHI: The Port of Singapore Authority (PSA) will enhance its ship discharging capacity to 10,000 metric tones per day, as deeper-draft vessels carrying the largest ever quantity of bulk wheat have arrived off the port, Business Recorder learnt on Thursday.
ISLAMABAD (March 27 2009): Conflicts between Port Singapore Authority and stevedores, besides increasing demurrage, left the government with no option but to divert shipments, carrying imported wheat and urea from Gwadar to Karachi port, reliable sources told Business Recorder here on Thursday.
KARACHI: Although the government is all set for the ceremonial opening of the Gwadar port on Tuesday, authorities have failed to attract shippers or port users so far.
ISLAMABAD: The Ports and Shipping (P&S) Ministry has sought guidance from the Law Minister regarding the transfer of 584 acres of naval lands at East Bay to Gwadar Port Authority (GPA) to establish Free Industrial Zones. The Ministry in a letter addressed to Law Minister on Friday informed him that Secretary, Ports and Shipping held[…]
KARACHI: Since coming into operation in December 2008, it has been learnt that the Gwadar Port has been plagued with a host of problems such as transportation of goods into the area.
KARACHI: The future of real estate projects in Gwadar seems bleak as the government continues to pay little heed to the scams rampant in the region.
ISLAMABAD: The National Highway Authority (NHA) was attaching top priority to development of road linkages to the Gwadar Port which can prove backbone of the country’s economy in the near future.
ISLAMABAD : Adviser to the Prime Minister on Finance Shaukat Tarin has said that Pakistan will not expect any monetary help from Japan, but will definitely appreciate economic assistance against a menu of projects, according to a message received here from Tokyo on Friday. Shaukat Tarin said this while briefing Japanese media after holding meeting[…]
KARACHI (February 02 2009): Viability of the $250 million Gwadar Port project is in hot water, as the Ministry of Defence (MoD) has refused to transfer 584-acre “defence land” to Gwadar Port Authority (GPA) for establishment of the long-awaited Free Zone.
IT was amid some controversy about who should have management rights over it that the country’s third deep-sea port became fully functional at Gwadar the other day. Being the first outside Sindh — outside Karachi, to be precise — it is expected to encourage considerable economic activity and bring in employment opportunities for the people[…]
LAHORE: Gwadar district administration has imposed a state of emergency following the losses caused by the recent torrential rains in the district, a private TV channel reported on Tuesday. According to the channel, the emergency has been prompted by the heavy financial losses caused by the rains continuing in the coastal district for the last[…]
ISLAMABAD: With strategic and economic significance, Gwadar is well poised to unleash constructive opportunities for local as well as foreign investment in diverse fields. Development work and business activities are gaining impetus at a fast pace with the Gwadar site getting transformed into an ideal destination for potential investors. Gwadar has better potential and investment[…]
KARACHI: The Port of Singapore Authority needs to actively market the port as envisioned in the concession agreement, Pakistan Ship’s Agents Association (PSAA) said in a statement issued on Monday.
QUETTA, Dec 21: The Gwadar port became fully functional on Sunday after a ship carrying fertiliser from Qatar anchored at the port. Federal Minister for Ports and Shipping Nabil Ahmed Gabol and Balochistan Chief Minister Nawab Mohammad Aslam Raisani attended the ceremony held at the port to mark its opening.
The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday approved up to 40 years’ tax exemption to Gwadar Port on Dubai-backed proposal, but shelved decision on wheat support price. The ECC on Tuesday held its last meeting, totalling 115 meetings under the chairmanship of Shaukat Aziz as Finance Minister and Prime Minister.
