CPEC becomes reality as Pakistan inaugurates Gwadar port
Free Current Affairs to Your Email
Posted on:15 Nov 2016 10:36:43
15 November 2016 Current Affairs: Pakistan Prime Minister Nawaz Sharif inaugurated the operational activities of the revamped strategic Gwadar port in the south-western Balochistan Province.
With the operationalisation of the deep sea port, the multi-billion dollar China-Pakistan Economic Corridor (CPEC), linking western China to the Arabian Sea became a reality.
The port was operationalised after a Chinese commercial ship laden with around 250 containers set off for West Asia and Africa.
The ship was carrying Chinese goods which were ferried by major trade convoy that started from Kashgar in western China on 30 October 2016 reached Gwadar on 12 November 2016.
It was considered as watershed moment in the history of Pakistan and symbol of Pakistan’s commitment to China’s ‘One Belt-One Road’ (OBOR) initiative, of which CPEC is a key port.
Benefits to Pakistan: China’s OBOR initiative integrates with Pakistan’s Vision 2025 which seeks to transform the country into a hub of trade and commerce. The CPEC would ultimately integrate South Asia, China and Central Asia. India’s concern: The CPEC is being laid through the Pakistan-occupied Kashmir (PoK).
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.