The Gwadar Port is a deep-sea port situated on the Arabian Sea at Gwadar in Balochistan. The port features prominently in the China–Pakistan Economic Corridor (CPEC) plan. Gwadar has become synonymous with the most lucrative investments in Pakistan. Gwadar is predicted to be the future commercial, industrial and residential hub of Pakistan.
Pakistan China Economic Corridor is a link between two countries China & Pakistan forming an alliance for the future business dominance. The need for CPEC comes at a time when China has already captured the world’s production market but due to its geographical location, it faces hardships when sending out shipments. The result of CPEC on Pakistan’s economy will be tremendous
Because of CPEC, the demand for different industries in Gwadar will rise causing a huge rise in job opportunities. According to studies it has been found that in the next 10 years annual development rate of Pakistan would rise to 5.07%. It will be the second most elevated development in Asia right after India. Hence boosting Pakistan’s economy.
Chinese companies have changed Gwadar within a short period. People can now see a well-developed port, business center, free zone, water desalination plant, improved health and education facilities, a change which is laying a foundation for Pakistan’s prosperous future.