China tacitly confirms takeover of Gwadar port

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Ahead of Prime Minister Raja Pervaiz Ashraf’s visit to China, Beijing on Tuesday tacitly confirmed reports that it was taking over the strategic Gwadar deep water port in Balochistan, which it may convert into an oil pipeline hub to augment its energy supplies from the Gulf. Asked about Pakistan Shipping Minister Babar Khan Ghauri’s remarks that China may take over the port operations with $10 billion investment following pullout of Singapore Port Authority (SPA), Foreign Ministry spokesman Hong Lei said both countries are engaged in cooperation to build infrastructure projects.
“China and Pakistan are neighbors of traditional friendship. Over the years, China and Pakistan have engaged in wide-ranging cooperation in all fields including infrastructure construction with a view to helping Pakistan improve people’s well-being and promote social and economic development,” Hong said in a written response to a query. “Such cooperation is also beneficial to regional stability and development,” he said, without directly referring to Babar’s comments. He also did not say whether the issue would be discussed during Ashraf’s visit to attend the World Economic Forum 2012.

1 COMMENT

  1. The event is a good omen for the nation and one of the additional credit on the part of out goig PPP led coalition govt. It will attract trade from central Asia. However, Iran's decision to develop Pasabandar in the closed proxility of Pakborder at this time is quite underatandable in many regards

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