Pakistan’s import strategy is expected to heavily rely on Gwadar Port, which was originally a tiny fishing village but has since grown into a significant harbor as part of the China-Pakistan Economic Corridor (CPEC). A new report claims that the government has chosen to use Gwadar Port to handle 50% of the nation’s imports, which include wheat, sugar, and fertilizers.
The employment market and economy of Balochistan are predicted to be greatly impacted by this event. The port, which Pakistan views as a strategic asset, is expected to develop into a hub for global trade. Plans for the future also call for expanding the port’s export capability.
The employment situation and economic stability of Balochistan are thought to be significantly dependent on the full operationalization of Gwadar Port. It is expected to lessen the load on Karachi Port and maybe produce foreign exchange.
