Pakistan Prime Minister Nawaz Sharif inaugurated the operational activities of the revamped strategic Gwadar port in the south-western Balochistan Province.
With the operationalisation of the deep sea port, the multi-billion dollar China-Pakistan Economic Corridor (CPEC), linking western China to the Arabian Sea became a reality.
Key Points
The port was operationalised after a Chinese commercial ship laden with around 250 containers set off for West Asia and Africa.
The ship was carrying Chinese goods which were ferried by major trade convoy that started from Kashgar in western China on 30 October 2016 reached Gwadar on 12 November 2016.
It was considered as watershed moment in the history of Pakistan and symbol of Pakistan’s commitment to China’s ‘One Belt-One Road’ (OBOR) initiative, of which CPEC is a key port.
Benefits to Pakistan: China’s OBOR initiative integrates with Pakistan’s Vision 2025 which seeks to transform the country into a hub of trade and commerce.
The CPEC would ultimately integrate South Asia, China and Central Asia. India’s concern: The CPEC is being laid through the Pakistan-occupied Kashmir (PoK).
Current Affairs 14th November, 2016 Current Affairs Round Up Bullet Points, September, 2016 Current Affairs Round Up Bullet Points, October, 2016
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