F.P. Report
BEIJING: For decades, Pakistanis have dreamed for Gwadar to become the next Dubai. Yet the port city in southwestern Pakistan, despite its advantageous location on the shores of the Arabian Sea, had long remained underdeveloped in the past, Chinese state media has reported.
Recently, the economy of the prominent city in the China-Pakistan Economic Corridor (CPEC) plan seems to gear up, especially with the launching of the Gwadar free trade zone on Jan. 29, reviving hopes for it to become a global trade hub.
Launching of the free trade zone was a historic moment. It is the beginning of a dream coming true, Ahsan Iqbal, Pakistani Minister for Interior and Minister for Planning, Development and Reforms, said at the launching ceremony, Xinhua news agency said.
Less than a year ago, the Gwadar port complex was still a giant construction site. Now it has become a brand new modern harbor boasting giant brand new cranes, hotels, warehouses, factories and a business center.
The unprecedented pace of development convinced locals of the future of Gwadar.
“Gwadar will lead the take-off of Pakistan’s economy. It will be the next Dubai or Hong Kong,” local banker Masood Awan said.
Gwadar Expo, a two-day trade fair, coincided with the opening of the free trade zone. Muhammad Niazi, a seafood exporter, had planned to represent his company at the event, but failed to get a booth as more than 5,000 companies had vied for just 150 vacancies.
More than 25,000 people visited the trade fair, according to China Overseas Ports Holdings Co. (COPHC), which took over the operation of the port in 2013.
Pakistan International Airlines (PIA) had to increase the frequency of its flights from Karachi to Gwadar from one to two per day, while announcing that a new flight from Pakistan’s capital Islamabad to Gwadar will be open by the end of the year.
Even without a booth, Niazi and his colleagues flew to Gwadar from Pakistan’s largest city of Karachi. He stayed after the trade fair closed on Jan. 30, busy making new business contacts.
“We are determined to expand our business to Gwadar. The speed of development is just amazing,” Niazi said.
