Follow
WhatsApp

Gwadar has the potential to become next Dubai: British Newspaper report

Gwadar has the potential to become next Dubai: British Newspaper report

LONDON – Gwadar holds the potential to become the next Dubai in future, aBritish newspaper predicted, adding that the sea port would build alliancebetween Pakistan and China that could up-end the entire balance of power inthe Indian Ocean.

The report came after citing the China Pakistan Economic Corridor (CPEC)plan, which iterated that the bilateral infrastructure and planningcontract will prove beneficial to the neighboring countries, Telegraphpublished on Saturday.

According to the source, Pakistan faced an imminent blackout which couldeffectively be solved with a genuine plan to fix the discrepancies indelivery and communication of the difference in the need and provision ofelectricity resources.

“The demand and supply gap was widening by the day and there was not asingle power station under construction,” the article mentions.

The newspaper drew envisage that the Gwadar East-Bay Expressway will dogood as the economic corridor backs Pakistan in its lack of $30 to 35billion to proceed such working.

“We calculated we needed $30 to 35 billion to fix it, and there was no wayPakistan could generate that kind of money. That’s what prompted us towardsthe China Pakistan Economic Corridor,” Governor of Sindh, Muhammed Zubair,also one of the architects of the scheme, told The Telegraph.

The article speaks about the China-Pakistan handshake over the entirenational economy, where China has committed $62 billion to the initiativein plowing a fine infrastructure plan for the seaport to turn it into amega transporter to the European countries.

The Telegraphs has hinted at the possibility that CPEC will turn out toraise a massive opportunity in changing the balance of power in Asia;keeping that China is keen to maintain its position among countriesneighboring the Arabian Sea – including the setting up of its splinterports in Myanmar and Sri Lanka to ensure the safety of freight ships.

“The deal goes something like this: Pakistan gets massive and much neededinfrastructure investment while China gets access to warm water port 350miles from the Straits of Hormuz – a key part of its “one belt one road”initiative to develop commercial logistics links with Europe.”

“So I would not question that they have far more objectives than a win-winfor China and Pakistan in economic terms. They want to compete with theUnited States. This gives them the security leverage that they desperatelyneed,” the Governor added who advised the government on tax and economicreform.