Islamabad (Web Desk): The federal government has decided to divert 50% of public sector imports to Gwadar Port with the support of Special Investment Facilitation Council (SIFC).
After the visit of Prime Minister Shehbaz Sharif to China, it was decided that the Ministry of Maritime Affairs will forward a summary to the cabinet regarding imports through Gwadar.
Gwadar Port is a key component of the China-Pakistan Economic Corridor (CPEC), which provides an important trade route between China, the Middle East, Africa, and Europe.
The port can currently accommodate two large ships and by 2045, it will be able to accommodate 150 ships, the Radio Pakistan reported.
The development of the port will create employment opportunities by increasing regional connectivity as well as help in attracting foreign investment.