POST Online Media Lite Edition


Pakistan welcomes first large Chinese shipment to Gwadar

Staff Writer |
Pakistan's prime minister and army chief welcomed on Sunday the first large shipment of Chinese goods through the renovated port of Gwadar, part of a trade link between western China and the Arabian Sea.

The deep-water port in Pakistan's southwestern province of Baluchistan is key to the $46 billion China Pakistan Economic Corridor (CPEC) that also encompasses roads and energy projects.

"Pakistan is located at the intersection of three engines of growth in Asia - South Asia, China and Central Asia," Pakistani Prime Minister Nawaz Sharif said at a ceremony on Sunday.

"CPEC will help in integrating these regions into an economic zone offering great opportunities for people of the region as well as investors from all over the world."

Army chief Gen. Raheel Sharif also attended Sunday's ceremony at the port, which is expected mostly to see imports of building materials in the next year before eventually becoming a gateway for goods from western China's Xinjiang province.

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