Pakistan set to begin Gwadar shipyard project ...United Arab Emirates

Islamabad: Pakistan has finalised the details for the construction of a new shipyard in Gwadar, the country’s deep seaport in Balochistan, with an aim to incentivise commercial shipbuilding and repair industry, create new jobs and spur economic growth. Pakistan’s federal and provincial governments have announced a joint collaboration by signing an MoU for the establishment of Gwadar shipyard. The project in the strategically located Gwadar city is of “great regional importance” and also significant for the socio-economic development of Balochistan and overall Pakistan as it will “create employment for the locals” and boost revenue generation for the province, said Federal Minister for Defen

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