50% of Pakistani imports to be routed through Gwadar Port, supporting CPEC and attracting foreign investment.

The Pakistani government plans to route 50% of its imports through Gwadar Port, supported by the Special Investment Facilitation Council. This initiative aims to bolster Gwadar’s financial stability as part of the China-Pakistan Economic Corridor (CPEC), enhancing regional connectivity and attracting foreign investment. Meanwhile, China proposes a Renminbi internationalization pilot in Gwadar to facilitate trade and reduce currency conversion risks. The port is expected to host 150 ships by 2045.

September 05, 2024
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