Gwadar port set to become foreign trade hub, boosting foreign exchange
The government has begun importing bulk cargoes through the Gwadar port after three successive warships carrying 90,000 MT of urea docked at the port and had the greatest discharge rate.
As per a press release issued here on Thursday, this is the outcome of the efforts of the Ministry of Maritime Affairs, China Pakistan Economic Corridor (CPEC) Authority, Gwadar Port Authority (GPA), Trading Corporation of Pakistan (TCP), and Pakistan Customs.
These bulk cargoes are unload and are now being transfer from Gwadar to various locations in Pakistan after being prep at the port. 450,000 MT of TCP wheat will be process at Gwadar Port commencing in the next month.
The government opted to arrange the import of urea and wheat through Gwadar Port, which the Trading Corporation of Pakistan (TCP) did on its behalf
The high volume of vessels conveying bulk commodities, which causes delays in the functioning and conveyance of cargoes and disrupts the entire logistics mechanism, will be greatly diminish by this movement at other harbors in Pakistan.
The import of these government cargoes gives important benefits to the community and will result in a variety of economic activities and job prospects for locals, such as 100% local shipping agency services, a top priority for local haulers, etc.
The Gwadar Free Zone’s manufacturing hub, Gwadar Port, provides massive economic perks to importers through its efficacious transactions, state-of-the-art cargo handling, sizable storage facilities for all types of cargo, extensive ancillary facilities, and quick turnaround and delivery times.
Gwadar Port serves as a quick economic link between the country’s interior and the isolated central Asian regions as a byproduct of its special geographical region.
The Freezone and Port of Gwadar are on track to become a major global commercial hub, which will aid Pakistan in earning much-needed foreign cash in the near future and support Prime Minister Shehbaz Sharif’s goal of fostering regional economic integration.
The effective implementation and creation of business prospects in Gwadar and along the CPEC roadways, which are crucial for the improvement of Balochistan, will be greatly aid by a sizable portion of the import of wheat and urea at the Gwadar Port.
