Jan 19 - Jan 25, 2004  
ISSUE # 03  

Gwadar Port approaching fast towards completion would provide the shortest possible access to the landlocked Afghanistan and Central Asian Republics and Pakistan would immensely gain from the project. Located at the entrance of the Persian Gulf, some 460 km from Karachi, Gwadar has had immense Geo-strategic significance on many accounts. The continued unstable regional environment in the Persian Gulf in particular as a result of the Iran/Iraq war, the Gulf war and the emergence of the new Central Asian States has added to this importance. In view of the Geo-strategic importance of this

forthcoming project, the economic managers are looking for the enormous economic benefits soon after the development of Gwadar Port.




The Privatization Commission is expected to fetch Rs 1.74 billion if it decides to exercise green shoe option by divesting 10% shares of SSGC. It is believed that preference would be given to applicants for 1,000 shares. SSGC shares are being offered to general public at Rs 26/share, at a premium of Rs 16/share. Currently the scrip is being traded around Rs 33.00.


So the winds of change have started blowing in the South Asian region with the warming of relations between the two leading states India and Pakistan of the seven-member South Asian Association for Regional Cooperation (SAARC). The signing of the landmark agreement to create South Asian Free Trade Area (SAFTA) and the ultimately reduction in tariff to 0.5 per cent by 2016 is expected to boast legal trade among the member states to replace the rampant informal as well as illegal trade presently.