Pakistan & Gulf Economist Pakistan's Business Financial Magazine
Gwadar city, renowned for the warm water deep sea port of Gwadar, is found on the south-western Arabian Sea shore in coastal area of Balochistan, Pakistan. It is located about 460 kilometers from the city of Karachi and seventy five kilometers from Iranian border. It is the capital of Gwadar District. It additionally works as winter capital for the province of Balochistan.
For many years, Gwadar remained under the rule of many colonial and regional states, one after another. It came under the administrative management of government of Islamic Republic of Pakistan in 1958.
The port of Gwadar was finished in year 2007. it is located at the mouth of Gulf of Oman and at the apex of the Arabian Sea, which give it a great strategic importance. The depth of port is forty seven feet. It is used to handle massive consignment ships to Islamic Republic of Pakistan. The harbor is growing as main center of trade and a way for Oil imports of China.
The city of Gwadar was developed with a metropolitan master plan from scratch. It absolutely was used to be a village of fishermen before the development of Port. Gwadar is currently counted among a few planned cities of Islamic Republic of Pakistan.
Gwadar contains a hot desert climate, defined by very little precipitation and high variation between summer and winter temperatures. The oceanic influence keeps the temperature lower in summer and better in winter as compared to the inland.
Gwadar’s location and history have given it a unique blend of cultures. The Arabic influence upon Gwadar is powerful as a consequence of the Omani era and its close proximity to the Arabian Peninsula.
The port of Gwadar Port can provide China a Listening Post to watch the Indian naval activities round the Persian Gulf and Gulf of Aden. Central Asia and South Asia, encompassing the Caspian Region, Central Asian republics, Afghanistan and Iran, and the energy-rich ‘lake’ known as the Caspian sea, is a important region because of its large financial perspective and geographically important positioning, that has shaped the region as a centerpiece within the international arena. Iran has additionally declared support for the development of Gwadar and its port.
Much of Gwadar’s economy is based on artisanal fishing.
Gwadar’s economy has, in the past, been dependent totally on fishing. It’s economy, however, is undergoing fast transformation as a small fishing village is being transformed into a serious port city of Pakistan, with improved communication links with the rest of Pakistan. Gwadar Port became totally operational in Dec 2009.
The construction on a $2 billion 10-square km tax exempt industrial zone began on June 20, 2016. The zone includes a 300MW plant exclusive for the industrial zone.
