Gwadar port creates economic magic with Chinese help

ISLAMABAD - Once a small backward fishing town off the Arabian Sea in Pakistan's southwest Balochistan province, Gwadar now is rising fast in the economic landscape of the country and is attracting more businessmen by offering numerous business opportunities.

The deep-water port became fully functional in late 2016 under the China-Pakistan Economic Corridor and welcomed its first liner in March 2018.

According to the port's operator, China Overseas Ports Holding Company, some 20 companies in different businesses have already joined the Gwadar free trade zone with direct investment of around $460 million.