Topic > Overview of Gwadar's Economic Future

Gwadar has a bright and booming future in the coming years. A long-term plan has defined Gwadar's trading conditions until 2030 in which Pakistan and China will double their economy and investments. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The Gwadar port will connect China and Pakistan with three major continents: Asia, Europe and Africa. It offers to directly target three continents through Gwadar and the Middle East. Gwadar will be a game changer and will be unpredictable for corporate investors. China has invested $64 billion in CPEC. A common man can think what things are necessary for development and to revive the economy, i.e. “Water, electricity, Sui gas, telephone, road connectivity, communication, education, medical facilities and political stability are the basic things to grow the economy. 'economy'. Almost all things are there and the present Gwadar is much better than its past of 2001. Thanks to its strategic location and God-given natural resources, Balochistan province in Pakistan has always been at the center of regional and global politics. Famous writer and geographer Robert D. Kaplan describes the province of Balochistan as: “A key to its destiny is the future of Gwadar, a strategic port whose development will unlock the riches of Central Asia or plunge Pakistan into a wild and untamed. and a potentially terminal civil war.” Unfortunately, Pakistan has not yet managed to unlock the riches of Central Asia and the Caspian. However, since the development work of Gwadar port began in 2002, Balochistan province has been experiencing widespread instability and law and order in the province. However, now, there is an improvement in the law and order situation in Balochistan and With the acquisition of Gwadar port by the Chinese in 2013 and the full operationalization of the port in the near future, the economic activities are expected to improve further . As the Port is strategically located close to shipping lanes (route), which connect three major continents; Asia, Africa and Europe, therefore, have achieved the status of key strategic and commercial port. In fact, over 60% of global trade and oil tanker transportation occurs through the nearby waters of the Strait of Hormuz, Gwadar Port presents itself as the best alternative and storage port, as it can handle major ships and oil tankers. “The port's 14.5 meter draft will be able to accommodate up to 'fifth generation' vessels, including Panamaxes and mother ships.” Furthermore, the deep sea port of Gwadar has the potential to remain operational throughout the year and can handle large ships carrying oil. Being a cross between energy efficient and energy deficient countries, it can facilitate both China and India, the growing Asian economies, in connecting them with the energy-rich Middle East and Central Asia. The China-Pakistan Economic Corridor (CPEC), connecting Gwadar with Kashgar has further strengthened the strategic and economic significance of Gwadar Port. CPEC is a project with immense economic and geopolitical potential. The plan has been called a watershed moment, not just for Pakistan, but for the entire region, as it will change the geo-strategic and geo-economic landscape of the region. However, there are also fears that clashing geo-economic interests may lead to undesirable competitions at regional and global levels. In light of the perceived Sino-American competition and the latter's efforts to entrap the former, the CPEC project achieves further geopolitical significance for the stakeholders..