Govt decides to bring 50% public sector imports to Gwadar port
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The federal government has decided to bring 50 per cent of official imports to Gwadar port, reported 24NewsHD TV channel on Thursday.
The report says with the support of the Special Investment Facilitation Council (SIFC), the federal government has decided to divert 50 per cent of public sector imports to Gwadar Port to strengthen Gwadar Port financially.
After the visit of Pakistan Prime Minister Shehbaz Sharif to China, it was decided that the Ministry of Maritime Affairs would provide the cabinet with a summary of imports through Gwadar.
The Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal and the concerned authorities will consider the Chinese proposal for the Karachi to Hyderabad section of ML-1 and present it in the next cabinet meeting.
The Federal Minister for Planning, Development, and Special Initiatives will play an important role in strengthening the activities of the Ministries of Commerce, Industry and Production, Finance, and the Board of Investment to facilitate the migration of Chinese companies to Pakistan.
The Board of Investment and the Ministry of Commerce, along with SIFC, have been tasked with preparing a comprehensive plan for the preparation of Pakistani firms for the Shanghai International Import Expo from November 5 to 10, 2024.
After the Prime Minister's visit to China, the Planning Minister will be in touch with Chinese experts to get timely reports, especially on investment, trade, and industries.