FPCCI inks MoU with China Overseas Ports Holding Company

Lahore, June 06, 2018 (PPI-OT): Mr. Zhang Baozhong, Chairman of China Overseas Ports Holding Company (COPHC) on special invitation of Mr. Tariq Haleem, Vice President of FPCCI visited Federation House and informed FPCCI members about the development of Gwadar Port and Free Economic Zone Projects. On this occasion, Tariq Haleem, Vice President of FPCCI informed that the visit of COPHC to FPCCI is a follow-up of MoU signed between FPCCI and COPHC on March 07, 2018. Chairman COPHC also offered the FPCCI to open its office, free of cost in the COPHC’s new Building at Business Centre Gwadar Free Economic Zone.

The meeting, inter-alia, was also attended by SVP Syed Mazhar Ali Nasir; Tariq Haleem, Syeda Saeeda Bano; Vice Presidents and S.M. Muneer, former CE TDAP On this occasion Tariq Haleem, Vice President of FPCCI in his welcome address thanked the Chairman of COPHC for providing the space to open the FPCCI office in COPHC new building at Gwadar free of cost.

He informed that under the container lines service a cargo ship arrives at Gwadar Port on every Wednesday and ship the cargo, including sea food to China and Middle East Ports. The FPCCI VP further disclosed that the Sea food exported from Gwadar to China is in great demand and is sold at an exorbitant price. Similarly, all the products exported from Pakistan to China are attracted by Chinese buyers. Syed Mazhar Ali Nasir, Senior Vice President of FPCCI said that due to unavailability of an effective communication system at Gwadar Port, One Window Custom operation has been provided temporarily for the clearance of goods.

Mr. Zhang Baozhong, Chairman of China Overseas Ports Holding Company (COPHC) disclosed that all the industrial plots at Gwadar Free Economic Zone have already been booked and ten investors have been allowed to invest in first phase of free economic zone, which also includes four Pakistani companies. He added that 300 Million Dollars has already been spent on the development/construction of First Free Economic Zone at Gwadar. He further said that the desalination Plant established at Gwadar Port has started supplying potable/drinking water to the inhabitants of Gwadar.

He said that the Gwadar’s Smart City Master Plan would be completed by the August 2018. The Chief of the COPHC said that the COPHC is also engaged in providing basic civic amenities and other social welfare facilities to the Gwadar population. Syed Shahzad Sultan head of marking of COPHC informed that a 300 bed Hospital is also under construction and at present fourteen Chinese Specialists Doctors have already been appointed to provide Health care services to the people of Gwadar.

For more information, contact:
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk