Gwadar Port to become fully operational

Gwadar Port is expected to become fully operational by the end of this month with all three berths handling the arriving ships.

However, more berths would be needed to handle big ships. Islamabad has asked the Port of Singapore Authority (PSA) International, which is investing $550 million in Gwadar port, to expedite their work, especially after having received a 40-year tax holiday. Since the Singaporean company took over the Gwadar port, it has overcome the operational problems it faced earlier, also caused by flooding of the coastal area. After completion of second phase by 2010, Gwadar is likely to become one of the busiest ports in the region, providing warehousing, trans-shipment and industrial facilities for trade with over 20 countries, including Gulf countries, Iran, Central Asian States, India, China and East Africa.

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