Prime Minister Shahid Khaqan Abbasi on Monday inaugurated free trade zone and first International Gwadar Expo in Gwadar.
During the two-day expo, foreign personalities, members of the diplomatic community and businessmen from across the globe would take part. The expo is being jointly organised by Gwadar Development Authority and China Overseas Ports Holding Company.
The Free Zone would help facilitate trade with different parts of the world especially Central Asia.
Speaking at the inaugural ceremony, PM Abbasi said, “CPEC is turning into a reality today which will change the fate of the region.”
He said that the project was a precious gift for the people of Pakistan from Chinese President Xi Jinping.
“We inherited the challenges of terrorism and energy crisis but we followed compressive plans to overcome our issues,” said the premier.
He said the project also envisages modernisation of Pakistan Railways and the establishment of power plants.
According to PM Abbasi, political stability is required for the completion of development projects. “Gawara is a hub of maritime trade which will become a backbone of Pakistan’s economy.”
Praising China for helping Pakistan through thick and thin, he said, “Our generation is indebted to the Chinese president for his vision.”
About the development of Balochistan, the PM assured that the federal government would fully support the provincial government in its endeavours to the development of the province.
He said the provincial government should also evolve a strategy for the development of the coastal line and make Gwadar a model modern city for the world.
On this occasion, Chinese Ambassador to Pakistan Yao Jing evinced full support of China to support Pakistan for further progress and prosperity.
He said the Chinese businessmen would continue to invest in the developmental projects of Gwadar, according to Radio Pakistan.
“CPEC project is the project of common development and prosperity while development of locals is the major purpose behind the Gwadar projects,” said the Chinese ambassador.
He said the Chinese companies were being encouraged to invest in Pakistan. With the support of both the countries, projects underway in Gwadar would contribute in the process of development.
A number of graduates of these courses are already working in CPEC related projects
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Chinese FM spokesperson says besides China-Pakistan development, CPEC is also conducive to regional connectivity