WEF Inclusive Development Report 2018:
The WEF inclusive development index ranks Pakistan at 47, below Bangladesh at 34 but above India at 62. The 7.56% rate of increase in inclusive development in Pakistan is higher than 4.55% in Bangladesh and 2.29% in India. China ranks 26 and its inclusion is rising at a rate 2.94%.
|WEF IDI Rankings. Source: WEF|
Another WEF report compiled by Oxfam said the richest 1% of Indians took 73% of the wealth generated last year.
Income Share Change in Asia's Poorest Quintile:
The share of national income of Pakistan's poorest 20% of households has increased from 8.1% to 9.6% since 1990 , according to the United Nations Economic and Social Commission for Asia and Pacific (NESCAP) Statistical Yearbook for 2015. It's the highest share of income for the bottom income quintile in the region.
The countries where people in the poorest income quintile have increased their share of total income include Kyrgyzstan (from 2.5 per cent to 7.7), the Russian Federation (4.4 per cent to 6.5), Kazakhstan (7.5 per cent to 9.5) and Pakistan (8.1 per cent to 9.6). India's bottom income quintile has seen its share of income drop from 9% to 7.8%.
|Bottom Quintile Income Share Change. Source: UNESCAP Statistical Yearbook|
Although more people in China have lifted themselves out of poverty than any other country in the world, the poorest quintile in that country now accounts for a lower percentage of total income (4.7 per cent) than in the early 1990s (8.0 per cent). The same unfortunate trend is observed for a number of other countries, including in Indonesia (from 9.4 per cent to 7.6) and in the Lao People’s Democratic Republic (from 9.3 per cent to 7.6).
Development of China Pakistan Economic Corridor (CPEC) is transforming Pakistan. Among the parts of the contry being transformed the most by CPEC are some of the least developed regions in Balochistan and Sindh, specifically Gwadar and Thar Desert. Here is more on these regions:
Gwadar Port City:
Gwadar is booming. It's being called the next Shenzhen by some and the next Hong Kong by others as an emerging new port city in the region to rival Dubai. Land prices in Gwadar are skyrocketing, according to media reports. Gwadar Airport air traffic growth of 73% was the fastest of all airports in Pakistan where overall air traffic grew by 23% last year, according to Anna Aero publication. A new international airport is now being built in Gwadar to handle soaring passenger and cargo traffic.
In addition to building a major seaport that will eventually handle 300-400 million tons of cargo in a year, China has built a school, sent doctors and pledged about $500 million in grants for an airport, hospital, college and badly-needed water supply infrastructure for Gwadar, according to Reuters.
The Chinese grants include $230 million for a new international airport in Gwadar, one of the largest such disbursements China has made abroad, according to researchers and Pakistani officials.
New development work in Gwadar is expected to create as many as 20,000 jobs for the local population.
Thar, one of the least developed regions of Pakistan, is seeing unprecedented development activity in energy and infrastructure projects. New roads, airports and buildings are being built along with coal mines and power plants as part of China-Pakistan Economic Corridor (CPEC). There are construction workers and machinery visible everywhere in the desert. Among the key beneficiaries of this boom are Thari Hindu women who are being employed by Sindh Engro Coal Mining Company (SECMC) as part of the plan to employ locals. Highlighted in recent news reports are two Hindu women in particular: Kiran Sadhwani, an engineer and Gulaban, a truck driver.
|Kiran Sadhwani, a Thari Hindu Woman Engineer. Source: Express Tribune|
|Hindu Woman Truck Driver in Thar, Pakistan. Source: Reuters|
Some of them are now being employed in development projects. A recent report talked of an underground coal gasification pilot project near the town of Islamkot where "workers sourced from local communities rested their heads after long-hour shifts".
More and more Pakistanis are sharing the fruits of development in Pakistan as shown by the World Economic Forum report on inclusive growth. WEF ranks Pakistan at 47, below Bangladesh at 34 but above India at 62. The 7.56% rate of increase in inclusive development in Pakistan is higher than 4.55% in Bangladesh and 2.29% in India. The share of national income of Pakistan's poorest 20% of households has increased from 8.1% to 9.6% since 1990 , according to the United Nations Economic and Social Commission for Asia and Pacific (NESCAP) Statistical Yearbook for 2015. It's the highest share of income for the bottom income quintile in the region. Development of China Pakistan Economic Corridor (CPEC) is transforming Pakistan. Among the parts of the country being transformed the most by CPEC are some of the least developed regions in Balochistan and Sindh, specifically Gwadar and Thar Desert.
Credit Suisse Wealth Report 2017
Pakistan Translates GDP Growth to Citizens' Well-being
Rising Motorcycle Sales in Pakistan
Pakistan Rising or Falling? Myth vs Reality
Chicken vs Daal in Pakistan
China Pakistan Economic Corridor
Credit Suisse Wealth Report 2017
Pakistan Translates GDP Growth to Citizens' Well-being
Rising Motorcycle Sales in Pakistan
Pakistan Rising or Falling? Myth vs Reality
Chicken vs Daal in Pakistan
China Pakistan Economic Corridor
ADB Raises Pakistan GDP Growth Forecast
True, true. A long way to go for us Pakistanis.
#India's #GDP "Growth (under #Modi) has dipped below the 30-year average" Economist Kaushik Basu. #ModiAtDavos
The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it
In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies at Cornell University, U.S. He is also President of the International Economic Association for a three-year term (2017-2020). A prolific author, Mr. Basu explains why demonetisation was a bad idea and the need for the Goods and Services Tax (GST).
You have been a vocal critic of demonetisation and its intended purpose. Do you think its immediate effects are behind us? And, conversely, if there are increased digital transactions and tax scrutiny, as claimed, will that eventually lead to more growth?
I believe that demonetisation’s worst effects on the economy are behind us now. I do not think it will confer any long-run benefits in terms of digitalisation because that is a slow, natural process. There is no way that an emerging economy like India, with more than half the population still living in the informal sector, can leapfrog advanced economies and get there by a simple policy intervention. The main damage of demonetisation is to India’s reputation as a professionally run economy, since it was an uncalled-for jolt to the market.
You have been a consistent supporter of the other major reform, the GST. Is the current multi-tiered GST design optimal, considering that much of the voiced distress comes from small businesses? The textile sector, for example.
The GST was needed and I am glad that the government managed the political process to get it through. But it has been poorly implemented. For such a large policy shift, the planning and implementation design should have been much better. Also, it should not be too multi-tiered, which is both inconvenient and makes one wonder if this is a sign of sector-specific cronyism. Once we go past these teething troubles, the GST should aid efficiency and growth.
Has the Narendra Modi government leveraged the historic mandate it received, in terms of economic policy? Is there scope for further reform, which could possibly be seen in the Union Budget to be presented soon?
The broad policy continuity that we have seen in India — the GST, the effort to manage fiscal policy in ways similar to what happened before 2014 — is India’s strength. Yes, as always, a lot depends on the Budget, and we are all waiting to see what new initiatives are announced. But in fairness to the Ministry of Finance, India’s challenge is not a matter of fiscal policy alone. India’s economy is doing poorly on several fronts. Consider exports — they have dragged, with India’s trade deficit with China growing rapidly. Exports did seem to grow well from April to November last year, with an annual growth of 12.3%. But it was a time when several emerging economies did well and India’s performance fell short of many other nations, like Indonesia and Vietnam whose exports grew by 16% and 24%, respectively. I believe that India’s long-term prospects are very good, but to get out of the current morass, it needs a professionally designed combination of fiscal, monetary and international trade policy initiatives.
#Pakistan's #Gilgit-#Baltistan region gets #3G, #4G internet service. #Mobile #Broadband https://tribune.com.pk/story/1631513/1-gilgit-baltistan-gets-3g-4g-internet-service/
Residents in Gilgit-Baltistan (G-B) can now enjoy 3G and 4G internet service provided by Special Communication Organization (SCO), Radio Pakistan reported on Saturday.
An SCO spokesperson confirmed the news, saying the internet service will continue on a trial basis and can be accessed free of cost until further notice.
Internet facility in Gilgit
He said the SCO mobile phone SIMs for this purpose are available at the organisation’s franchises in the area.
Radio Pakistan reported that subscribers have been asked not to pay more than Rs200 after acquiring a receipt for purchasing the Sim.
SCO is a public sector telecommunications service provider, established by the government in 1976. It is responsible for developing, operating and maintaining telecom services in G-B as well as Azad Jammu and Kashmir (AJK).
AJK, Gilgit-Baltistan to get 3G/4G services by Feb 2018
In October 2017, Pakistan Telecommunication Authority announced plans of introducing fast-paced information technology services – 3G/4G – in AJK and G-B, which it said would materialise by February this year.
Last year, the number of subscribers of 3G/4G in Pakistan rose to 44.4 million, which PTA expects will rise further.
The arrival of 3G and 4G service in such remote areas promises to boost commerce, bring socio-economic prosperity for the entire region and also benefit people living along the China-Pakistan Economic Corridor routes in AJK and G-B.
Pakistan set to outdo India in introducing 5G internet: PTA
As people of AJK and G-B are heavily dependent on remittances, the 3G/4G service will provide them easy access to the financial services.
The technology will also boost tourism, local economy as well as create job opportunities for local people. The hospitality industry and tourism value chain will also improve as it will make online marketing more efficient and effective.
As transportation in the area is also difficult, better connectivity through modern communication technology is important for its people.
Pakistan’s Quest for Inclusive Growth
Feb 18, 2019 VAQAR AHMED
Pakistan’s new government is understandably preoccupied with short-term economic problems, but it must also lay the foundations for a more inclusive long-term growth model. If it succeeds, the Pakistani economy might finally start to meet the rising aspirations of the country's young population.
For starters, the authorities need to attract the best people to work for the public sector. At present, Pakistan’s civil servants lack the strategic guidance and motivation to implement economic revival plans. Performance-based incentives are weak, and multiple layers of accountability add to the institutional sclerosis.
Pakistan also needs a bold vision for growth to replace the current incoherent mix of five-year federal development plans and provincial growth strategies. The Center for International Private Enterprise has made a strong case for a credible bottom-up economic plan to boost agricultural productivity, improve manufacturing competitiveness, and support startups in the services sector.
A third priority is to ensure that growth is inclusive, just, and sustainable. The “Economy of Tomorrow” project, conducted by the Pakistan-based Sustainable Development Policy Institute – where I work – and the Friedrich-Ebert-Stiftung, has highlighted several key requirements in this regard.
Fiscal policy should be progressive, promoting equitable growth and economic participation by all segments of society. Furthermore, trade policy should be resistant to elite capture and take consumer welfare into account. And energy, water, and urban-management policies should respect natural resources and the environment. The latter is especially important because Pakistan already suffers from the effects of climate change in the form of recurrent, environment-degrading droughts.
Fourth, the state must create room for entrepreneurship. With over 60% of Pakistan’s population under the age of 25, the public sector clearly cannot absorb all new entrants to the labor force. The solution may instead lie with startups and small and medium-size enterprises. An earlier report by the British Council Pakistan, for example, indicated a surge in startups in diverse sectors.
The number of young Pakistani entrepreneurs is rising significantly, and not only because of the country’s youthful population. Rural-to-urban migration, new public-sector universities, incubators, and accelerator initiatives have also helped. Government policy should now aim to reduce the failure rate of startups and help them to grow. It must also ensure that startups are an option for young people – including women – from all regions and economic backgrounds, including by removing barriers to market information and credit.
Finally, the government should help prepare Pakistan to embrace the emerging technologies of the Fourth Industrial Revolution. Future developments in artificial intelligence, robotics, 3D printing, cloud computing, blockchain, biotechnology, and augmented reality will have a huge economic impact. Adapting to these technologies will require new government initiatives and updated curricula in Pakistani universities.
How ‘Good Governance’ in 38 Countries Affects Living Standards
If you believe that vibrant democracies guarantee good government or that robust economic output ensures a better quality of life for a nation’s citizens, think again.
All over the world, stable economies are facing restive moments. U.S. President Donald Trump was impeached in the House on Wednesday over charges of obstruction and abuse of power. U.K. Prime Minister Boris Johnson could be on the verge of delivering Brexit—three years after voters first chose to leave the European Union—after his Conservative Party won a resounding majority in last week’s general election. In local elections last month, Hong Kong overwhelmingly elected pro-Democracy council members as China seeks to clamp down on protests that have gripped the city for most of the year.
While there is a general correlation between a strong democracy and economic expansion and a better quality of life, research by the Los Angeles-based Berggruen Institute into 38 countries that make up 95% of global gross domestic product shows that’s not always the case. In several of the largest economies in the world—including mature democracies and developing countries—actual government performance is often the decisive factor.
China, which scores low on democracy, has undoubtedly been an economic success story, lifting hundreds of millions of people out of poverty and helping spur the global economy. But it faces a massive debt problem, and is perhaps approaching a ceiling and may need to allow more public participation in running government if it wants to guarantee a better quality of life for its people in the future.
In contrast, the U.S. hasn’t excelled at translating its high gross domestic product growth rate into increases in the quality of life, which has, in fact, decreased slightly over the past 14 years, the Institute said. This is particularly notable in health and education, where the problem isn’t quality, but affordability.
“Growing economic inequality and wealth disparity could be key factors, particularly after the 2007–2008 financial crisis,” according to the report. “Although the economy rebounded after the crisis, the gains were disproportionately concentrated in the top tier of the U.S. population, with 95% of growth going to the top 1% of the households.”
Even in established democracies, actual government performance can trump other factors in determining quality of life. Italy, for example, has a lively democracy, but the responsiveness of successive governments has been poor, and as a result living standards are stagnant at best.
“Italy ranks surprisingly high with respect to quality of democracy scores,” according to the report. “Yet the availability of feedback mechanisms and other democratic processes seems to have no additional impact on the quality of government.”
Social movements that target reform in local and national bureaucracies could help the country escape stagnation, the report found.
A failure of good governance also undermines progress in two middle-income BRICs countries—South Africa and Brazil.
South Africa suffers from world-beating unemployment, high crime and a poor education system that remains skewed along racial lines, some of which can be attributed to the legacy of apartheid. And while it scores relatively well on democracy, its poor performance in addressing inequality—which is higher than at the end of white-minority rule—and corruption may be more a result of the lack of political will than the state’s capacity, according to the report.
Pakistan's Gwadar Port Protests Should Be a Wake-Up Call for Islamabad
by Arif Rafiq
Fourth, Islamabad structured its plans for Gwadar based on an incorrect assessment of the city’s natural advantages. It has envisioned Gwadar as a “gateway port” serving the hinterland of Pakistan, Afghanistan, other countries in Central Asia, and Xinjiang. But given its isolated location, Gwadar stacks up poorly in terms of cost and efficiency when compared to regional competitors, including Pakistan’s own Karachi and Qasim ports.
The Gwadar port, however, can be dredged to a depth of 20 meters, making it a potentially viable location for transshipment—allowing very large, cost-efficient vessels to offload cargo to be loaded on to smaller ships servicing shallower regional ports. Indeed, the consulting firm that developed the original master plan for the port assessed that transit trade with the Central Asian republics via Gwadar had “little potential” but that there were decent prospects in the longer term for transshipment.
Finally, Pakistan’s top-down political model in Gwadar doesn’t work. Protests in 2018 by fishermen against an expressway that cut off their access to the sea made clear that locals were afterthoughts in the design of key infrastructure projects. Gwadar’s fishermen once again taking to the streets indicates a failure of the political process to address their needs. They simply do not trust the government.
Last week, in a Twitter Spaces discussion, Balochistan Provincial Minister Zahoor Buledi noted that he had held five or six meetings with protest leader Maulana Hidayat ur Rehman Baloch of the Jamaat-e-Islami party. But the maulana (an honorific given to Islamic clerics) and other participants in the session felt promises made to them would not be fulfilled once the protests stopped and media cameras went away and suggested that some corrupt officials were acting in connivance with various “mafias.”
The reflex of the Pakistani state—particularly in Balochistan, where enforced disappearances by security forces are rampant—is to respond to large-scale protests and unrest with intimidation and, sometimes, violent coercion. Given New Delhi’s hand in the Baloch insurgency, which has conducted high-profile attacks in Gwadar in recent years, the opportunistic, heavy coverage of the protests by state-aligned “private” Indian news outlets also triggers the anxieties of the Pakistani security services. But these protests are simply an organic reaction by Gwadar’s people to the endangerment of their livelihoods and the failure of their own state to respond to their basic needs.
The cries of Gwadar protestors should serve as a wake-up call for Islamabad. While terrorist attacks, including a 2019 assault on Gwadar’s only major hotel, serve to deter foreign investment, a heavy security crackdown will only further alienate locals and compound the problem. Islamabad needs to break out of the cycle of violence by developing a new strategy to win the peace in Balochistan.
That strategy should include several specific elements. For one, Islamabad and the Balochistan provincial government need to develop a political framework to include locals in the developmental design process, city governance, and security services. They should also fast-track large-scale desalination projects to better address local water demand. The current water strategy centers on dams—an unreliable source of water for an area hit by drought.
To counter Baloch fears of resource plundering, CPEC needs a strong redistributive policy for southern Balochistan. Islamabad and the provincial Balochistan government in Quetta city should create a wealth fund for natives of Gwadar and the Makran coastal region, providing them with an annual basic income sourced from royalties on energy and mining industries and taxes on luxury real estate and tourism.
For a long time we have known that improved transport accessibility leads to more opportunities and better lives.
ANDREW DABALENSHOMIK MEHNDIRATTA|JANUARY 24, 2022
Accessibility describes how easy (or difficult) it is for people to reach services and opportunities. When you look at the data, significant accessibility gaps persist around the world. Globally 51% of individuals living in low-income countries reside within an hour of a city compared to 91% of individuals in high-income countries. This limited access to urban centers hinders rural populations from accessing services and opportunities, including healthcare, education, jobs, and markets. Gender plays an important role as well: as these findings from Pakistan illustrate, women typically must cover greater distances to reach basic services. Even for people living in cities, accessibility may vary depending on the availability of public transport, the impact of traffic congestion.
Lack of access is systematically linked to inferior development outcomes, even more so if motorized transport is not available. The inability to travel to healthcare facilities, for instance, has been associated with increased mortality and morbidity from treatable conditions. Conversely, improved access is often synonymous with improved development outcomes. For example, women with access to roads in Pakistan are twice more likely (14% vs 28%) to go to pre-natal consultations. In rural Morocco, girls’ enrollment in primary schools increased from 17% to 54% when their access to roads improved.
Looking particularly at rural roads investments, the construction of a new road can lead to a chain of positive impacts. When a rural community gets connected to the road network, people who could not reach healthcare, schools, or other essential services before are suddenly able to do so. Workers can access more and better jobs. Farmers can sell their products in more distant markets. But these outcomes can only materialize if rural road projects are carefully planned and prioritized. Also, while investments in road networks are often a critical first step toward enhancing accessibility, they should be integrated into a broader investment package targeting social and technological development overall.
However, transforming this knowledge into action had been hard to operationalize. Lack of data regarding the transport network, opportunities, limited computing power to calculate travel times in large areas and lack of consistent framework had made it hard for us to take this academic research into an operational reality. We needed to understand exactly which transport projects will have the highest impact on accessibility? How would this accessibility transform into household welfare? And how do we create tools to inform planning and investment decisions?
To address these questions, the World Bank’s Transport and Poverty and Equity teams jointly developed a new framework that relies on high-resolution mapping and other sophisticated analytical tools to provide a more granular view of how rural road infrastructure can benefit communities.
We are now able to deploy all that knowledge into operational action, by developing an analytical framework that highlights spatial disparities in access to services and opportunities, calculates the expected gains in accessibility from investments into road infrastructure and thereby informs the placement of transport investments throughout the region.
Pakistan to Spend ‘Bare Minimum’ $6 Billion to Boost Growth
Targets 5% GDP growth next fiscal year to create new jobs
Finance chief sees this year’s fiscal deficit just above 7%
Video player cover image
WATCH: Pakistan's finance minister says the country plans to boost spending on large infrastructure projects by as much as 40% to create jobs.(Source: Bloomberg)
By Faseeh Mangi and Khalid Qayum
May 6, 2021, 8:37 AM PDTUpdated onMay 6, 2021, 9:46 PM PDT
Pakistan plans to boost spending on large infrastructure projects by as much as 40% to create jobs and foster productivity in an economy crippled by the coronavirus pandemic, Finance Minister Shaukat Tarin said.
The federal government will earmark as much as 900 billion rupees ($6 billion) for development expenditure in the year beginning July, Tarin, who took office last month, said in an interview in Islamabad. The economy needs to expand by 5% next year, he said.
“That’s the bare minimum we need for a country this size,” said Tarin, who is due to present a new budget next month for the world’s fifth most-populous nation. “There are almost 110 million youth.”
Tarin, a former banker, was appointed last month as the fourth finance minister since Prime Minister Imran Khan’s government took power in 2018. He also served in the role between 2008 and 2010, helping the nation avoid default by securing a bailout from the International Monetary Fund. He comes into office as Pakistan faces a third wave of coronavirus cases, prompting authorities to order a week-long shutdown that may weigh on economic activity and hurt incomes.
Tarin’s plan will reverse his predecessor’s decision to lower spending to narrow the budget deficit, which he estimates to be a little above 7% of gross domestic product in the current fiscal year through June, against 8.1% in the previous year. Tarin said he expects the deficit in the next fiscal to be 1 or 1.5 percentage points lower.
While balancing the budget will be key for Pakistan’s current $6 billion loan program with the IMF, the new finance minister is negotiating with the organization for more wriggle room to support economic growth.
The government’s GDP target for next year is a percentage point higher than the IMF’s 4% projection, and Tarin is seeking to boost growth to 6% in the year after. The Washington-based lender sees the economy expanding 1.5% in the current fiscal period after a rare contraction last year.
“We need 2 million jobs every year,” he said. “If we do not go into growth mode, we will have a major crisis on the streets.”
The central bank, which has cut interest rates to a three-year low to support the economy, has been on pause mode for a while and has left some of the heavy lifting to the government.
“First we have to get more revenues,” Tarin said, adding that he’s targeting about 6 trillion rupees next year in tax authority revenue, compared with this year’s 4.75 trillion-rupee target. “Unless we get more revenues, forget about any incentives to boost the economy.”
Other comments from Tarin’s interview:
On talks with the IMF: “All we are saying is that we are just basically going to give them alternate ways of achieving the same objective” including revenue generation and reducing energy debt, adding that the aim is for this to be the last IMF bailout in Pakistan’s history
Plans to tap undrawn allocated funds from Asian Development Bank and World Bank that total $20 billion
Aims to increase tech exports to $8 billion in two years, from an estimated $2 billion this fiscal year, a sector he said that he aims to support
Nation plans to soon launch global sukuk bond
CPEC project keeps children fed
Hundreds of children belonging to lessprivileged families in the scenic Kaghan Valley are being fed on a daily basis at the under-construction Suki Kinari hydropower project along the Kunhar River.
The Suki Kinari dam project, one of the key initiatives of the China Pakistan Economic Corridor (CPEC), is estimated to generate 884 megawatts of electricity, which will benefit 13 million households.
According to Mari Petroleum, around 6,000 locals are already involved in the construction work, and once complete, it will create hundreds of more jobs. It is a unique project for which a 30km long tunnel will be dug through the mountains and from where the water will be diverted to the power turbines with the help of pipes.
Launched in 2017, 83% of the work of Suki Kanari Energy Project has been completed. It is hoped that this project will be added to the national grid next year, increasing Pakistan's hydropower reserves by nine percent.
20 new projects in Gwadar on the way of completion during 2023: Report | Pakistan Today
These projects entail desalination potable water plant, Gwadar Free Zone North (Phase 11), Gwadar Safe City Project, New Gwadar International Airport, three electricity projects, Gwadar Smart Port City Master Plan, Gwadar Tourism Project, New management model of Pak-China Technical and Vocational Institute (PCT & VI), State of Art Shipyard Project, Oil Refinery project, Green Gwadar Project, Pak-China Friendship Hospital, fisher community projects, Gwadar Port dredging project, Export-oriented projects, Fishing industry, Warehouse industry, and Gwadar Huafa Exhibition and Trading Center.
According to the report, over the last 10 years since CPEC set its foot in 2013, Gwadar outlook is changing gradually and constructively, getting over daunting challenges including poverty, civic issues, water, electricity, employment, infrastructure, agriculture and on top of them blue economy.
In the past Gwadar was in shamble and disarray. Later in the course of 10 years, Gwadar has been making headway toward progress in a sustainable manner.
Many development projects have been completed so far including Gwadar Port, Gwadar Free Zone South (Phase I), Eastbay Expressway, Pak-China Technical and Vocational Institute (PCT & VI), China-Pakistan Gwadar Faqeer Middle School, Fiber Optic, E-Custom system (WeBOC), Plant Tissue Culture Lab & Green House, livestock, women-led garment factory, Gwadar University and GDA-Indus Hospital.
The city’s strategic location at the mouth of the Persian Gulf, coupled with its deep-sea port and modern infrastructure, makes it a hub for trade, transportation, and investment.
As a result, Gwadar is expected to attract a significant amount of foreign investment and economic activity in the coming years, emerging as a major contributor to Pakistan’s economic growth.
One of the most significant projects is the 1.2 Million Gallon Per Day (MGD) de-salination plant, expected to be fully operational by April 2023. This plant will provide a reliable source of clean drinking water to the residents of Gwadar.
In 2023, more than 4 lakhs of people of Gwadar are going to get rid of painful power woes as three electricity projects will power up Gwadar. The first project is about 100 MW Irani electricity from Gabd-Remdan (Pak-Iran border) to Jiwani Grid Station to Gwadar that will come on 1st March.
The second project is another 100 MW from Iran-Pangjur-Turban-Pasni to Gwadar that is going to be completed in current year. The third project is from Quetta, Nag-Besima section to Pangjur and then Turbat-Pasni to Gwadar.
Meanwhile 5 MW power supply will be available to Gwadar Free Zones North (Phase II). If all goes well, in the second step 12 MW power supply will be ensured for Gwadar Free Zone South (phase I) and Gwadar Port in coming months. Finally, the government also approved 300 MW coal-fired power project for Gwadar.
Another major project that is expected to pick more pace in 2023 is the development of the Gwadar Free Zone North (Phase II) spreading over 2,221 acres of land. Currently, export-based Chinese companies are very near building and running their factories in a few months.
The year of 2023 has also brought many fortunes for Gwadar’s fishermen regarding their livelihood to new housing schemes. The Balochistan Government has approved 200 acres of land for new fishermen housing colony for low-income fishmen of Gwadar.
Around Rs300 million has been allocated. Around 3,291 poor fishermen of Gwadar are going to get free of cost boat engines as the government has allocated funds of Rs823 million.
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