My Reflection on Gwadar Port (original) (raw)

GWADAR PORT AS AN ECONOMIC BRIDGE OF ASIA: PROSPECTS AND CHALLENGES

GWADAR PORT AS AN ECONOMIC BRIDGE OF ASIA: PROSPECTS AND CHALLENGES, 2014

Pakistan has built a port at the south western city of Gwadar on the mouth of the oil rich Persian Gulf. The importance of Gwadar Port is manifold as it is not only going to play pivotal role in Pakistan’s economy but will influence the economy of neighbouring countries like China, Iran and Central Asia etc. Gwadar project will generate thousands of jobs for the local people due to which there will be revolution in creation of numerous job opportunities in the entire country. The progress will be on different levels i.e. individual and family, city and society, province, country and the region at large. The volume of expected trade is interpolated through trade trends of the areas, surrounding the Gwadar Port and evaluation of its economic potential. The envisaged trade forecast of Gwadar Port is based on the potential transit cargo of Western China, Afghanistan, flow of natural resources from Central Asia, trans-shipment cargo and the domestic import and export. The development of industries, trade and business in adjoining areas are some of the spins-offs of the port, which require appropriate policies to accrue maximum benefits. Pakistan is focusing on the immense potential of Gwadar Port. It will act as great energy centre and a multi-regional trade hub. Pakistan’s Sea Lines of Communications will be much safer from the threat of potential enemy of Pakistan ie India. In the times of naval blockade, it can provide strategic depth to Pakistan Navy in the shape of an alternate base. Its effective use will help Pakistan in keeping a watchful eye on the vital international shipping routes and can prevent the country from being surprised. Its existence addresses the strategic concerns that have hampered the progress in the past. However no port can flourish until conditions like viable government policies, political stability, law and order situation, development of infrastructure and identification of profitable areas are fulfilled. The purposes of this study are to highlight the geo-strategic significance of the port, identify its real potentials, and interests and roles of internal, regional and extra regional stakeholders. The important area of the study is the Chinese’s efforts in its construction and operating to the extent that US and key regional players are watching the Chinese involvement with suspicion. In a situation when US can request military basing rights at the Gwadar port to handle some future turbulent situation in the region. This eventuality would require Pakistan to strike a balance between a time-tested friend and US. The choice is obvious but can face tough time if Pakistan does not come up to the US expectations.

Strategic Importance of Gwadar Port

The pragmatic facets like geography and history have always imprinted the demographical mosaic and development of a civilisation. The civilisations have always developed along the waters. The waters have been used as trade route since long and the modern trade has further enhanced the need of trade through waters. Pakistan being a gateway to the strategically important 'Strait Of Hurmoz' in the Indian Ocean, blessed with hidden treasures and bordering two Islamic Republics, Afghanistan and Iran, has always been a centre piece for Regional Politics. The emergence of Gwadar Port as a vibrant regional economic hub has caused the regional and extra regional powers to develop strategic and infra structural development with Gwadar Port to reach the energy rich Central Asian Republics (CARs). Iran and Dubai Port World (UAE) have interests to keep Gwadar Port out of competition as it serves as a gateway to Strait of Hurmoz. Pakistan needs to be addressing all the concerns to make Gwadar as a regional energy corridor.

Prospects of Gwadar Port becoming a regional Trade hub

In this Paper an attempt has been made to highlight the Geo-Strategic and economic significance of Gwadar Port. Gwadar Port is a deep water sea port on the southern coastal area of Pakistan in the Arabian Sea. its significance is evident from its Geographical location as Gwadar port lies at the mouth of the strait of Hormuz. world,s 40% proven oil trade has been carried out through this area. So this paper is highlighting in detail the significance of this Sea port in the future Geo-Politics of South and Central Asia

Gwadar Port as an Economic Zone its impact on Region

2021

China Pakistan Economic Corridor is a bunch of multiple projects on construction of railroad, airport, and pipeline projects to import and export Chinese goods at intra-regional and ultra-regional degrees, Gwadar is the hub and center of this Corridor, its cost's US 46billionincreasetotheUS46 billion increase to the US 46billionincreasetotheUS64 billion including energy projects.CPEC is the project of investment in energy and a corridor to upgrade Gwadar, provide railroad connectivity, and enhance trade and transport at intra and extra-regional levels. The project has socio-economic benefits. Although India and the US have reservations the project has no military ambitions. Pakistan will generate revenue, find employment opportunities, up-gradation of railroads, furthermore, it will end the energy crisis. What benefits, prospects and economic securities Pakistan would have from this CPEC, shall be studied in this study. The purpose of this study is to look into benefits for Pakistan and China, reservation and defense of the...

Gwadar Port: An Economic Hub or a Military Outpost

The importance of Gwadar Port is manifold. Gwadar is not only going to play critical role in Pakistan's economy but is also likely to influence other neighboring countries like China, Iran and Central Asia etc. The deep-sea port at Gwadar is visualized as becoming a trade corridor and a regional hub, serving commercial goals in the region.

Gwadar Port: As an Economic hub for Maritime Trade in the World Corridor (CPEC)

Journal of Business and Social Review in Emerging Economies, 2018

Gwadar port, deep-sea port, is used and operated as a mean to serve the supply and import requirements of a well prominent hinterland, as other harbors of Pakistan has been working. Gwadar port is situated in the Arabian Sea, at Gwadar in Baluchistan province of Pakistan. The economic prediction of Gwadar port is the trump card for economy and trade routes for Central Asian States and the world, which holding trade from the western part of China and assume as reasonable interchange transshipment to another desire ports of the region. The port features prominently in the China–Pakistan Economic Corridor (CPEC) plan, and is considered to be a crucial link between the ambitious One Belt, One Road and Maritime Silk Road projects. The proposed paper through the empirical and inductive research approach tries to identify the importance of Gwadar port in the economic and maritime trade of in the world. Gwadar port has an eminent status in the trade of China and Pakistan throughout the worl...

China’s Development of Gwadar as a Regional Maritime Hub

Journal of Business and Social Review in Emerging Economies

Purpose: This article aims at analyzing China’s development of Gwadar as a maritime hub in the region. Gwadar, after Karachi and Bin Qasim Port is the third seaport of Pakistan, which has a greater impact not only on Pakistan but also on regions, especially China. Moreover, the paper through light on the features of CPEC which connects Gwadar with China. Challenges which Gwadar has to face in the near future are also analyzed. Methodology: Qualitative and analytical method is used to conduct this research. Findings: The paper concludes that Gwadar is a potential maritime economic hub in the region. Implications: Hence, the joint venture will not only bring multiple benefits to China-Pakistan but also bring opportunities to the adjacent regions: Central Asia, Middle East and Persian Gulf.