Gwadar Port is now open for transit trade and the first ship is due to arrive next Tuesday, says the Ministry of Maritime Affairs.
The sub-committee of the senate standing committee on Maritime Affairs, in its meeting on Tuesday, reviewed various issues of Gwadar Port and its investors.
Talking about transit trade and transshipment, the committee discussed that the Afghan Trade Transit Module requires some changes that have been applied and after initial testing, seems ready for application.
Gwadar’s main competitors will be Singapore and Dubai ports since incentives such as no cargo demurrage charges and a three-month storage facility will divert business to Gwadar. Concerning storage facilities for fish processing within or outside the port, the committee was assured that Chinese companies will not be charged extra taxes.
Convened by Senator Kauda Babar, the meeting was attended by Senator Moula Bux Chandio, Senator Muhammad Akram and senior officers from the Ministry of Maritime Affairs, Ministry of Information Technology and Telecommunications, Gwadar Port Authority, FBR and PTCL, among others