The Gwadar Port Authority (GPA) and a Chinese company agreed to boost investments at the port, the maritime affairs ministry said on Tuesday.

Pakistan recently increased efforts on the commercialisation of the Gwadar Port, which was built more than a decade ago but remains a non-starter. In January, the government sought the private sector’s support in routing their cargoes through the port, seeking detailed proposals to enhance trade.

“China’s Xinning Enterprise have signed a Letter of Intent (LoI) with Gwadar Port Authority to stimulate major industrial and commercial investments at Gwadar Port and its Free Zone, underscoring Gwadar’s growing role as a key regional hub........

© Dawn Business