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PM Inaugurates Free Trade Zone, 1st International Gwadar Expo 2018

PM Inaugurates Free Trade Zone, 1st International Gwadar Expo 2018

Prime Minister Shahid Khaqan Abbasi has told the Balochistan government to draw plans for the development of the coastal areas of the province and promised federal government’s full cooperation in this regard. Addressing the opening ceremony of the two-day Gwadar Expo in Gwadar, the prime minister announced an ‘Equalisation Package’ for Balochistan under which the federal government would provide 50% funding for development works in every district of the province.

“Free zone is an integral part of the Gwadar port and with it, the Gwadar port project will pave the way for the speedy development of Balochistan and create ample jobs opportunities”. “The Equalisation Package will ensure the provision of equal facilities in all districts of the province to achieve the goal of sustainable development,” he said. He described the China-Pakistan Economic Corridor (CPEC) as “the most important initiative of our generation and the most visible part of the Belt and Road Initiative”. He added the project was the realization of the vision of Chinese President Xi Jinping.