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

 
 
 

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

3 weeks ago

Political crisis: Shahbaz, Hamza calls on PM Nawaz

Aug 24 2014 8:48am CDT | Source: The Nation - Pakistan

Lahore- Amid political turmoil in the country, meeting between Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif was held at the Jati Umra today to discuss the ongoing crisis. According to sources, the big two in ruling PML-N met to discuss the current political crisis and developments following the meeting with former president Asif Ali Zardari. Later on, PML-N ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 

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

Can another drink relieve you from a hangover?
London, Sep 17 (IANS) Is "hair of the dog" the best cure for hangover? According to a renowned author and journalist, another drink is the way to get rid of those forgetful morning episodes of a dry mouth, headaches, nausea and lethargy.
 
 
Squid skin technology produces vivid colour display
New York, Sep 17 (IANS) Researchers have created a breakthrough colour display technology that brings the quest to create artificial squid skin - a metamaterial that can 'see' colours and automatically blend into the background - a step closer.
 
 
Australian PM backs medical marijuana
Canberra, Sep 17 (IANS) Australian Prime Minister Tony Abbott has thrown his support behind the legalisation of marijuana for medicinal use, the media reported Wednesday.
 
 
Even healthy people carry viruses in their bodies!
Washington, Sep 17 (IANS) On an average, healthy individuals carry about five types of viruses in their bodies and the same viruses that make us sick can take up residence in and on the human body without provoking a sneeze, cough or other troublesome symptom, says a significant study.
 
 
 

Latest from the Network

Can another drink relieve you from a hangover?
London, Sep 17 (IANS) Is "hair of the dog" the best cure for hangover? According to a renowned author and journalist, another drink is the way to get rid of those forgetful morning episodes of a dry mouth, headaches,...
Read more on Celebrity Balla
 
40 militants killed in Pakistan airstrikes
Islamabad, Sep 17 (IANS) The Pakistan army Wednesday said fighter jets bombed positions of militants in the North Waziristan tribal region and killed 40 local and foreign militants. "Today in precise aerial strikes...
Read more on Politics Balla
 
Indian origin man jailed for raping woman in New Zealand
Wellington, Sep 17 (IANS) A court in New Zealand Wednesday sentenced an Indian-origin man to six years and nine months in jail for raping a woman in her sleep, media reported. The accused, identified as Tajinder Paul...
Read more on Politics Balla
 
Australian student penalised in exam over hair cut
Canberra, Sep 17 (IANS) A 17-year-old student in Australia was penalised 20 percent marks in his chemistry examination for having a haircut that breached the school's uniform policy, media reported Wednesday. Dominic...
Read more on Politics Balla
 
Robert De Niro moves into $125k-a-month apartment
Robert De Niro has moved into a $125,000-a-month apartment. The 71-year-old actor and his wife Grace Hightower have moved out of their rental property in West Village and into the five-bedroom abode, one of the most...
Read more on Celebrity Balla
 
Leonardo DiCaprio named UN Messenger of Peace
Leonardo DiCaprio has been named a United Nations Messenger of Peace. The 39-year-old actor was appointed to the role by UN Secretary General Ban Ki-moon to help promote the organisation's global action on climate...
Read more on Celebrity Balla
 
Beyonce and Jay Z to splash $85m on new home?
Beyonce Knowles and Jay Z look set to splash out $85 million on a Beverly Hills estate. The power couple - who have recently been hit by speculation their marriage is on the rocks followed by rumors the singer is...
Read more on Celebrity Balla
 
Katy B pays tribute to late brother
Katy B has paid tribute to her brother following his death yesterday (09.16.14). The devastated singer has cancelled all public appearances following the sudden passing of her sibling Andrew - who was left paralysed in...
Read more on Celebrity Balla
 
Victoria Beckham too busy for babies
Victoria Beckham is too busy to have another child. The Spice Girls star-turned-fashion designer - who has children Brooklyn, 15, Romeo, 12, Cruz, nine, and Harper, three, with husband David - insists raising her kids...
Read more on Celebrity Balla
 
Dwayne Johnson talks past arrest and theft ring
Dwayne Johnson was arrested ''eight or nine times'' by the time he was 17 after being involved in a theft ring. The 'Hercules' star had a tough upbringing in Hawaii during his teenage years and after getting evicted...
Read more on Celebrity Balla