Pakistan to transfer port of Gwadar's management to China

Pakistan will transfer the management of the strategically located Gwadar port from Singapore to China.

Analysts said the move aims to give a badly needed boost to bilateral trade and regional development and does not target any country.

Because Singapore's PSA International has not developed the deep-sea port on the Arabian Sea "as desired", Pakistan's Cabinet agreed to transfer the port's management to Chinese Overseas Port Holdings Ltd, Information Minister Qamar Zaman Kaira told reporters in Islamabad on Wednesday.