Pakistan port leased to Chinese firm for 40 years

Islamabad, April 20 (IANS) Pakistan has handed over operations of the Gwadar port to a Chinese company for 40 years, Minister for Ports and Shipping Mir Hasil Khan Bizenjo said on Thursday.

The minister said China Overseas Port Holding Company would carry out all the development work connected to the port, Radio Pakistan reported.

Gwadar port is located in Balochistan province.

It features in the China-Pakistan Economic Corridor (CPEC) plan, and is considered to be a link between the Chinese One Belt, One Road initiative and the Maritime Silk Road project.

The port became officially operational from November 14, 2016.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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