FPCCI for making Gwadar future gateway
KARACHI: Vice-President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tariq Haleem has said that there are huge opportunities, as well as challenges, which need to be addressed on a priority basis to make Gwadar the future gateway of Pakistan.
Speaking at the Inauguration of FPCCI Regional Office at Gwadar, he said that there is a need to address the genuine grievances, if any, of stakeholders, regarding various projects in Baluchistan, particularly related to operations at Gwadar deep sea port.
He said that the development of infrastructure and trade between Central Asia, South Asia, West Asia and Western China will be mutually beneficial.
He said that Gawadar will serve as a trade and energy transportation hub. 2. Gwadar is strategically located (Latitude 25o -07/ North, Longitude 062o -20/ East) between three increasingly important regions of the world: the oil-rich Western Asia, heavily populated South Asia, and economically emerging and resource rich Central Asia.
Tariq Haleem said that this location thus proves to be a considerable advantage compared to competitor ports for serving these regions, as well as for the western provinces of China. I can say with confidence that in the near future Gwadar will be a major transshipment hub in the area.
There is no denying the fact that Gwadar port will attract investors, create job opportunities, open up new avenues of economic development in the coastal region, and thereby contribute significant revenue to the national economy. This however is incumbent on its ability to overcome the challenges being faced, particularly security.
He noted that there are huge opportunities, as well as challenges, which need to be addressed on a priority basis to make Gwadar the future gateway of Pakistan.
Besides economic gains, substantial political benefits can also be reaped from providing seaport facilities to this region, especially to land locked states.
The development of Gwadar port would act as a gateway to prosperity for the entire region.
He said FPCCI is the highest platform of the private sector, this regional office at Gwadar will ensure on-the-ground implementation of FPCCI policies, in line with the best interests of the business community.
FPCCI functions as a bridge between the business community and the Government.
While 92 percent of economic activity is being done by the private sector, the physical presence of the FPCCI, in the form of a regional office, will provide opportunities to participate in CPEC projects and programmes.
He expressed his confident that physical presence of FPCCI in Gwadar would provide opportunities for the business community to participate in CPEC projects and programmes.