360° Coverage : Pakistan hands over Gwadar port to Chinese company

2 Updates
Pakistan hands over Gwadar port to Chinese company
Photo Credit: ARIF ALI, Getty Images

Pakistan hands over Gwadar port to Chinese company

Feb 18 2013, 10:20am CST | by

Islamabad, Feb 18 (IANS) Pakistan Monday signed an agreement on handing over operations of the strategic Gwadar port to a Chinese company.

Islamabad, Feb 18 — Pakistan Monday signed an agreement on handing over operations of the strategic Gwadar port to a Chinese company. President Asif Ali Zardari, speaking on the occasion, expressed...

Filed under: news

YouTube Videos Tweets

 
 
 

1 year ago

Pakistan hands over Gwadar port to Chinese company

Feb 18 2013, 10:20am CST | by

Islamabad, Feb 18 (IANS) Pakistan Monday signed an agreement on handing over operations of the strategic Gwadar port to a Chinese company.

Islamabad, Feb 18 — Pakistan Monday signed an agreement on handing over operations of the strategic Gwadar port to a Chinese company.

President Asif Ali Zardari, speaking on the occasion, expressed confidence that the agreement will give new impetus to Pakistan-China relations, Radio Pakistan reported.

"Today, the agreement is transferred from the Port of Singapore Authority to China Overseas Ports Holding Company Limited," he announced.

Zardari expressed confidence that the award of the contract will open new opportunities, particularly for the people of Balochistan.

He said it will "give new impetus to Pakistan-China relations and take further our political cooperation into the realm of economic cooperation".

The president said handing over of Gwadar Port operations to China is "a manifestation of our growing ties and also shows the trust Pakistan has in the Chinese ability to deliver on our infrastructure projects".

He said development of a trade corridor linking Xinjiang to the Middle East through Gwadar Port will enhance trade and commerce not only between the two countries but also in the region.

Zardari said the port also has strategic importance for China as around 60 percent of China's crude oil comes from the Gulf countries that are close to Gwadar.

He said Gwadar is now a potential hub of trade and commerce in the region. It also holds the key to bring together the countries of Central Asia.

In his speech on the occasion, Chinese ambassador Liu Jian said the transfer of Gwadar Port's operations to China will bring tangible benefits to the two countries and contribute to peace, stability and development of the region.

He said Gwadar Port is part of greater framework of economic cooperation between Pakistan and China.

IANS

Source: IANS

 
Update
2

Tweets

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

The Black Friday 2014 Sales You can Shop Today 11/26
The Black Friday 2014 Sales You can Shop Today 11/26
Over 20 Black Friday 2014 sales are already launched. Get the deals early to get your head free for the hard to get Black Friday deals to be released on Thanksgiving Day.
 
 
Pakistan blocks three Saarc connectivity pacts; Modi, Sharif avoid meeting (Roundup)
Kathmandu, Nov 26 (IANS) Pakistan Wednesday played spoilsport by blocking three major Saarc connectivity projects initiated by India, even as Indian Prime Minister Narendra Modi conspicuously avoided meeting his Pakistani counterpart Nawaz Sharif while he met five other South Asian leaders here.
 
 
One-third of Libyans suffer mental health problems: Report
Tripoli, Nov 26 (IANS) Human rights violations in Libya have left nearly a third of the population suffering from mental health problems, according to a new report.
 
 
1.7 kg of drugs found in Iranian's stomach
Tehran, Nov 26 (IANS) Narcotics weighing 1.7 kg have been found in the stomach of a 20-year-old man in Iran's northeastern Khorasan Razavi province, police said.
 
 
 

Latest from the Network

The Black Friday 2014 Sales You can Shop Today 11/26
While most Black Friday 2014 ads state that Black Friday 2014 sales start on Thanksgiving Day, we are already seeing more than 20 Black Friday sales that are live online and even several that launched in stores. The...
Read more on Celebrity Balla
 
Tori Spelling wants to display breast implants
Tori Spelling wants to get her breast implants removed and display them in a glass dome on her wall. The 41-year-old reality TV star is keen to have her fake boobs taken out because they have ''expired and recalled''...
Read more on Celebrity Balla
 
Prince leaves social media
Prince has removed himself from social media. The 'Little Red Corvette' hitmaker has deleted his Instagram, Twitter and Facebook accounts and removed his work from YouTube and Soundcloud, just a year after joining the...
Read more on Celebrity Balla
 
Party-pooper Pharrell Williams
Pharrell Williams says asking him if he wants to go out partying is like asking a McDonalds worker ''if they want chicken nuggets for dinner''. Despite being a successful singer, the 41-year-old star insists he's not a...
Read more on Celebrity Balla
 
43 IS militants killed in clashes with Iraqi Kurds
Mosul (Iraq), Nov 26 (IANS/EFE) At least 43 members of the Islamic State (IS) Sunni radical group were killed in clashes with Peshmerga Kurdish troops near the strategic Mosul Dam near the northern Iraqi city by that...
Read more on Politics Balla
 
Five soldiers killed in Yemen Al Qaeda attack
Sanaa, Nov 26 (IANS) Five soldiers were killed in a massive attack by suspected Al Qaeda miltants against a Yemeni military base in the southeastern province of Shabwa Wednesday, a police source said. The source told...
Read more on Politics Balla
 
Pakistan blocks three Saarc connectivity pacts; Modi, Sharif avoid meeting (Roundup)
Kathmandu, Nov 26 (IANS) Pakistan Wednesday played spoilsport by blocking three major Saarc connectivity projects initiated by India, even as Indian Prime Minister Narendra Modi conspicuously avoided meeting his...
Read more on Politics Balla
 
IS pamphlets distributed in Pakistan
Islamabad, Nov 26 (IANS) Unidentified people have distributed pamphlets of the Islamic State (IS) Sunni radical group in Pakistan's South Waziristan tribal region, residents who have seen the pamphlets said Wednesday...
Read more on Politics Balla
 
Three policemen shot dead in Egypt's Sinai
Cairo, Nov 26 (IANS) A police officer and two recruits were shot dead Wednesday by unidentified gunmen in Arish city in North Sinai province, a security source told Xinhua. "The militants set an ambush for a police...
Read more on Politics Balla
 
Ferguson burns as racial protests spread across US
Washington, Nov 26 (IANS) As night fell, Missouri state in midwestern United States deployed more security forces to quell violence in Ferguson after a grand jury failed to indict a white police officer in the August...
Read more on Politics Balla