Sunday, May 28, 2023
  • About us
    • Write for us
    • Disclaimer
    • Terms of use
    • Privacy Policy
  • RSS Feeds
  • Advertise with us
  • Contact us
DefenceTalk
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
DefenceTalk
No Result
View All Result

Pakistan, China set to sign economic zone accord

by Agence France-Presse
September 10, 2015
in Defense Geopolitics News
1 min read
0
Pakistan, China set to sign economic zone accord
14
VIEWS

KARACHI: Pakistan is set to sign a 40-year-lease with a Chinese company to develop a massive special economic zone in the deep sea port of Gwadar, officials said on Wednesday.

The contract is part of the $46 billion China-Pakistan Economic Corri­dor (CPEC) that will link western China to the Arabian Sea with infrastructure, energy and transport projects.

The contract assigning the 2,300 acre swathe of tax-exempt land to China Overseas Port Holding Company (COPHC) is likely to be signed this month or October, Dostain Khan Jamaldini, chief of the Gwadar Port Authority (GPA), said.

As part of the wider plans, “work on the Gwadar International Airport would start in the next couple of months and we are quite hopeful of completion of the national highway connecting Gwadar with the north within the next month”, he added.

Pakistan is also raising a special security force to protect the port.

Abdul Razzaq Durrani, the director general of GPA, confirmed the deal.

Gwadar port was built in 2007 with Chinese technical help and financial assistance of some $248 million.

But acquiring the land from private owners to build the economic zone took several years and cost the Balochistan government around $62m, Mr Durrani said.

Simbal Khan, a geo-political analyst, said that China had made similar deals in Africa, Vietnam, Sri Lanka and Bangladesh and the project was of great strategic value to both countries.

“Pakistan is looking at the CPEC project as a game changer, kick-starting an era of infrastructure growth and investment. The land deal is just part of the Gwadar port infrastructure that needs to develop to realise the expectations of Pakistan and China from this mega project,” she said.

Tags: chinaCPECeconomyGwadarpakistan
Previous Post

Pakistan to Keep Broadest deterrence capability

Next Post

Pak-Russia talks on delivery of Su-35, Mi-35s underway: Russian Deputy FM

Related Posts

china third aircraft carrier PLAN

China sends warships and aircraft around Taiwan for second day

April 8, 2023

China sent warships and aircraft near Taiwan for a second day on Friday and insisted the island remains "an inseparable...

Japan defence ministry seeks $50 billion budget

Japan changes rules to allow aid to foreign militaries

April 6, 2023

Japan will begin offering aid to the militaries of "like-minded countries" under new rules announced Wednesday, as Tokyo builds a...

Next Post
Su-35 in flight

Pak-Russia talks on delivery of Su-35, Mi-35s underway: Russian Deputy FM

Latest Defense News

China made third-largest air incursion this year, says Taiwan

China would gain swift air superiority over Taiwan, US leaks show

April 19, 2023
china third aircraft carrier PLAN

China sends warships and aircraft around Taiwan for second day

April 8, 2023
Japan defence ministry seeks $50 billion budget

Japan changes rules to allow aid to foreign militaries

April 6, 2023
Trump order targets Chinese internet giants TikTok, WeChat

TikTok hit with UK fine, Australia government ban

April 6, 2023
Finland gears up for historic NATO decision

Long NATO delay spells trouble for Sweden and alliance: experts

April 6, 2023
Russia says fired anti-ship missiles at mock target in Sea of Japan

Russia says fired anti-ship missiles at mock target in Sea of Japan

March 28, 2023

Defense Forum Discussions

  • Royal Malaysian Navy (RMN) update
  • The Russian-Ukrainian War Thread
  • Royal Australian Navy Discussions and Updates 2.0
  • Ukrainian - Russian War Memes.
  • Civil war in Sudan
  • Royal Australian Air Force [RAAF] News, Discussions and Updates
  • Indonesian Aero News
  • The Royal Navy Discussions and Updates
  • Indonesia: 'green water navy'
  • RNLAF AS532U2 Cougar Low Level
DefenceTalk

© 2003-2020 DefenceTalk.com

Navigate Site

  • Defence Forum
  • Military Photos
  • RSS Feeds
  • About us
  • Advertise with us
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports

© 2003-2020 DefenceTalk.com