Pakistan’s Gwadar Port potential to beat main regional rivals Dubai and Singapore Ports: Report
ISLAMABAD - Pakistan’s Gwadar Port has the potential to beat main regional rivals Dubai and Singapore Ports, Media report has revealed.
It was disclosed that Gwadar’s main competitors would be Singapore and Dubai ports and the Gwadar Deep sea Port has the potential to beat the regional rivals.
Gwadar Port offers incentives such as “no cargo demurrage charges” and “three months storage facility” which would surely divert businesses to Gwadar from Dubai and Singapore Ports.
Regarding storage facilities for fish processing within or outside the port, the parliament committee was assured that the Chinese companies would not be slapped with extra taxes.
Discussing the legal framework/rules/regulations pertaining to fish dumping and reprocessing facilities at Gwadar Port to local/foreign investors and Chinese companies, Committee Convener Senator Kauda Babar said that a resolution must be passed to employ local population for jobs at the facility.
The committee was informed that issues such as absence of monitoring and control services have created massive hurdles.
The committee directed that all efforts must be made to pursue and resolve this issue at the earliest. It recommended that trawling and policing issues must be discussed in detail and a uniform mechanism be formulated for all provinces.
Reviewing the Eastbay Expressway Project at Gwadar, the committee was informed that a revised PC-1 is being submitted to the Executive Committee of National Economic Council for approval in this regard.