Pakistan seeks Chinese cooperation in building shipyards at Gwadar and Port Qasim

BEIJING, Sept 17 (APP): Adviser to Prime Minister on Finance Dr. Salman Shah held meetings with key Chinese bankers, financial institution and shipbuilding companies for cooperation in setting up two giant shipyards (capacity 600,000 dwt) at Gwadar and Port Qasim”, a senior official at Pakistan mission here said. The Adviser was in Dalian to represent Pakistan in the “New Champions” seminar organized by World Economic Forum (WEF) from Sept 6-8. The shipyards will cover an area of 500 acres each and that includes two dry docks of approximately 600,000 dwt thus catering for building of heavy ships. Pakistan wants to build these shipyards in cooperation between Pakistani private sector and Chinese corporate sector while government will also participate, the official said. In these meetings Dr. Salman Shah also briefed them about the joint Sino-Pak 5-Year Economic Development Programme, Free Trade Agreement and China Specific Special Economic Zones being developed in Pakistan and the opportunities available for Chinese investors there. (Posted @ 10:37 PST)

Pakistan seeks Chinese cooperation in building shipyards in Gwadar and Port Qasim

BEIJING, Sept 17 (APP): Adviser to Prime Minister on Finance Dr. Salman Shah held important meetings with key Chinese bankers, financial institution and shipbuilding companies for cooperation in setting up two giant shipyards in Pakistan during his visit to China.

“The basic purpose of these meetings was to hold discussions with Chinese for setting up two giant shipyards with a capacity of 600,000 dwt to be built at Gwadar and Port Qasim”, said a senior official at Pakistan Mission here while briefing APP about Adviser to Prime Minister Dr. Salman Shah’s meetings in Dalian.

The Adviser on Finance was in Dalian, a coastal city in Northeast China’s Liaoning Province to represent Pakistan in the “New Champions” seminar organized by World Economic Forum (WEF) from Sept 6-8.

Dr Salman Shah, he said beside participating in various forums, also held very important bilateral meetings with presidents of EXIM Bank and ICBC, Chairman of China Banking Regulatory Commission, Chairman of China International

Capital Corporation, China Development Bank, the MMC, a reputed financial institution and prominent entrepreneurs dealing with ship building with basic purpose of cooperation in ship-building project.

The shipyards to cover approximately an area of 500 acres each and that include two dry docks of approximately 600,000 dwt thus catering for building of heavy ships.

He said that Pakistan is desirous to build these shipyards in cooperation between Pakistani private sector and Chinese Corporate sector while government will also to incorporate its participation.

He said the government is concentrating on the development of shipbuilding industry in the country and establishment of two new shipyards with bigger docks would ensure accommodation of giant vessels.

He said this would also usher in a new era of economic activities, creating new jobs thus improving the standard of living of the people.

The commercially strategic location of Pakistan is a take-off point for such projects.

The next 50 years, he added, will see a growing demand for new ships around the world which is expected to increase manifold in future.

In these meetings, he said that Dr. Salman Shah also briefed them about the vast prospects available in Pakistan in diverse fields of economy for investment.

Dr. Shah also informed about the salient features of the joint Sino-Pak 5-Year Economic Development Programme, Free Trade Agreement and China Specific Special Economic Zones being developed in Pakistan and the opportunities available for Chinese investors there.

He said that Dr Salman Shah also informed them that as per study conducted by a reputed international consulting company by the year 2050, Pakistan would emerge as the 4th largest work force in the world and therefore, it has the capability to become the sound base of manufacturing industry in the world.

As per demography of Pakistan, he said, our 54 per cent population comprising 19 years of age bracket and soon they would be part of our economic growth.

By this, he said that our growth prospects have brightened to new height, though at present too we are sailing with excellent economic growth.

He said that due to such an excellent economic growth, the Forum has recognized Pakistan as “Champion Economy”.


http://www.app.com.pk/en/index.php?option=...30&Itemid=2

China is one of the biggest ship builders in the world and our good freind if our leaders have any brains we should have set this up years ago.

You are critical of everything that happens, saying that it could have been done better, well the truth is you are of no help to the country. Don't regret the past but look to the future.

Its hard to predict booms, but there should have been atleast one shipyard that accomodated ship sizes of 600,000 dwt.

I've been working in a shipping company, and the boom is huge, and is being sustained for quite a few years.

30,000 dwt you could fetch about $12,000/day for a short time charter, now you could fetch upto $35,000.

well, first other infastructure had to be developed.....now we are a certain stage where we can go into this field....inshallah a lot of job opportunities await our baloch brethren.

Ya with all the new construction, refineries, shipyards, dams, new farmland due to irrigation, fisheries (fish farms) (plus all the other jobs that I don't have the energy to write), that should employ a lot of people.