KARACHI: Gwadar Port has become operational for exports as a vessel loaded with three containers of seafood left for Far Eastern ports, said adviser to prime minister.
Abdul Razak Dawood, in his tweet on Saturday made this announcement about the exports through Gwadar Port.
“Gawadar becomes operational for Exports! Seafood export, in reefer containers, using WeBOC system, started on 19 Nov 2019 through COSCO’s KGS service.”
“The vessel loaded 3 containers of fish for Far Eastern ports.”
The adviser said that average value of cargo was $50,000/container.
This would reduce time taken for trading across borders and also reduce port congestion at Karachi.
Gwadar is Pakistan’s largest infrastructural project since independence.
After the completion of the first phase of Gwadar port, billions of dollars have been invested in Gwadar and in the next one or two years the investment can cross the figure of trillions.
China is a major investor in Gwadar, and has spent $248 million in the first phase of Gwadar port, according to official website of Gwadar Port Authority.