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Pakistan’s Economy and The Gwadar Port

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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.

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Gwadar Golf City

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Gwadar Golf City is a project by BSM Developers owned by the grandson of Malik Riaz, Bilal Malik. Gwadar Golf City is an exclusive housing scheme and the CEO proudly aims to turn Gwadar sand into Gold.

It is located at the prime location of the main coastal highway in Mouza Paleri adjacent to Jinnah Avenue and close to the new Cantonment Area as per the upcoming revised GDA Master Plan. Gwadar Golf City is the only irrigated green are of Gwadar.

It offers its residents an option to choose from 5, 8, and 10 marla along with 1 and 2 kanal residential plots. It offers a 10% discount on full payment or booking of plots with 30% down payment and the pending amount to be payed in 36 monthly instalments.

The project is aimed at providing its residents with state of the art amenities including Water Filtration Plant, Hospital and Medical Facilities, Gym and Sports Centre, a Zoological Garden, Country Club, 24 Hours Security, and Patrolling, 24 Hours Electricity and many more.

Gwadar Golf City is a sophisticated development due to its well-designed infrastructure, outstanding maintenance and management and high standard of amenities.

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New Lahore City

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Real Estate business in Pakistan has seen a considerable boom and has been a major sector of the economy playing a part in the GDP of Pakistan ever since the development of housing societies has started.

Defence Housing Authority (DHA), Bahria Town, Eden Housing, Emaar Properties (of UAE) and Ghurair-Giga (of UAE) are among the biggest developers of gated communities in Pakistan. In addition to major Pakistani cities of Karachi, Lahore and Islamabad, new gated communities are being developed in second and third-tier cities as well. Recently, Bahria Town announced its newest development of a gated community in Nawabshah, a city of just over a million residents in southern Sindh province.

The rise of gated communities is due to the fact that people think that gated communities provide them with greater security and better living standards. It has become a sort of competition amongst community owners to provide their clients with the best of resources and facilities. New societies not only contain residential plots amongst their gates but also commercial plots, parks, schools, mosques, and various other things.

At the lead of the competition is undoubtedly one of Zaitoon Groups project the New Lahore City. It is not only located at one of the prime, sought after locations of Lahore but it also provides its clients with a variety of options to choose from. People can choose between an option of  5 and 10 marla residential plots or they can opt to choose a commercial plot of 4 marlas. They have choices to choose from in their method of payment and the duration during which they have to make the payment. New Lahore City provides its residents with the best schools of Lahore right inside the society along with recreational facilities and all other things that one requires in a city. It has created a whole other world inside its society one that is safe and secure due to which it is loved by everyone and the go-to option for most people.

New Lahore City is changing the dynamic of the real estate business of gated societies.

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Agriculture in Pakistan

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Agriculture is the process of cultivation of land or soil for production purposes. Agriculture plays a very vital role in the economy of Pakistan and its development. About 25% of Pakistan’s agriculture accounts for about 21% of GDP and employs about 43% of the labor force. About 70% of the population is dependent on agriculture directly or indirectly.  Its contribution towards GDP is higher than the  contribution of any other sector.

The main agricultural products are cotton, wheat, rice, sugarcane, fruits, and vegetables, in addition to milk, beef, mutton, and eggs. Pakistan depends on one of the world’s largest irrigation systems to support production. There are 2 principal seasons. Cotton, rice, and sugarcane are produced during the kharif season, which lasts from May to November. Wheat is the major rabi crop, which extends from November to April.

Much of the Pakistan’s agriculture output is utilized by the country’s growing processed-food industry. According to the Economic Survey of Pakistan, the livestock sector contributes about half of the value added in the agriculture sector, amounting to nearly 11 per cent of Pakistan’s GDP, which is more than the crop sector.

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