Gwadar Port: Pakistan, China all set to develop 'Master Plan'

Under the short-term plan, Islamabad and Beijing want to develop Gwadar Port, whose control had already been given to China, in a bid to attract investment in different sectors. PHOTO: FILE

ISLAMABAD: 

In a strategic move, Pakistan and China are set to make headway towards developing a master plan for Gwadar Port as part of an economic corridor that envisages investment of $12 billion by Beijing.

Officials of the two countries will take up the matter during talks in Beijing on February 17, where Pakistan’s team will be led by Planning and Development Minister Ahsan Iqbal, officials say.

As part of the economic corridor that will turn Pakistan into a hub of regional cooperation, Gwadar Port will be connected through road, rail and fibre links to China to help enhance trade between the two countries.