• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Stephen Curry Inks $400 Million Deal With China’s Li-Ning Despite Another Company Offering More Money: REPORT

June 3, 2026

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

June 3, 2026

Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

June 3, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, June 3
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

    June 3, 2026

    Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

    June 3, 2026

    Democrats seek more control over referenda in New York

    June 2, 2026

    Todd Blanche Says Trump Administration Is Ditching Weaponization Fund

    June 2, 2026

    Trump To Attend Second White House Press Corps Dinner After Assassination Attempt

    June 2, 2026
  • Health

    How Decision Fatigue Affects Financial Decisions

    June 3, 2026

    The Current Ebola Outbreak Is A Global Threat. A Doctor Explains

    June 3, 2026

    Targeted Drug Shrinks Tumors In Hard-To-Treat Cancer

    June 2, 2026

    She Wasn’t Due For Her Colonoscopy. A Blood Test Found Cancer Anyway

    June 2, 2026

    Trump’s Most Favored Nation Drug Pricing Has Bold Aims, But Limited Impact

    June 2, 2026
  • World

    Seven in Ten Believe Crime Is ‘Out of Control’,

    June 3, 2026

    Tina Peters Gets Out Of Jail, Immediately Returns To The Big Lie That Landed Her There

    June 3, 2026

    Ex-Scottish Leader Denies Blame After Husband Pleads Guilty

    June 3, 2026

    From Festering Infections To Untreated Cancer, ICE Detainees Across The U.S. Describe Medical Neglect

    June 3, 2026

    Ukraine Hits Russian Energy Targets, But Denies Striking Nuclear Plant

    June 2, 2026
  • Business

    Patagonia Begs Drag Queen Influencer To Stop Allegedly Using Their Logo

    June 3, 2026

    First Quarter GDP Revised Downward As Voters Fret Over Economy

    May 28, 2026

    Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels

    May 28, 2026

    US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low

    May 22, 2026

    Elon Musk On Track To Be World’s First Trillionaire After Latest Move

    May 21, 2026
  • Finance

    Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

    June 3, 2026

    Ballard Power (BLDP) Posts Revenue Growth and Third Straight Positive Gross Margin Quarter

    June 3, 2026

    Bass and Pratt will advance in L.A. mayoral race, traders say

    June 2, 2026

    Best Wells Fargo credit cards for June 2026

    June 2, 2026

    Markets in ‘greed’ mode as AI firms ready IPOs

    June 2, 2026
  • Tech

    Disney Employees Reportedly Disturbed by Senior Executive’s Relationship with AI Chatbot: ‘You Are My Son’

    June 3, 2026

    Trump Signs Executive Order Asking for Oversight of New AI Models

    June 3, 2026

    Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

    June 2, 2026

    Luddites Weep as Scorsese and Spielberg Embrace AI

    June 2, 2026

    Anthropic Files Papers for Potential $1 Trillion AI IPO

    June 2, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Can Gwadar Port Handle Half of Pakistan’s Cargo Shipments?
Finance

Can Gwadar Port Handle Half of Pakistan’s Cargo Shipments?

August 29, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can Gwadar Port Handle Half of Pakistan’s Cargo Shipments?
Share
Facebook Twitter LinkedIn Pinterest Email

At a recent high-level meeting, Pakistani Prime Minister Shehbaz Sharif discussed ambitious plans for the country’s southwestern Port of Gwadar, including a directive to route 50 percent of all public sector cargo, currently handled through Karachi, to be brought through Gwadar.

Almost a decade ago, when Pakistan and China launched the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) as the flagship project of China’s ambitious Belt and Road Initiative (BRI), Gwadar was envisioned as an important port in the network and an economic and transshipment hub.

What attracted China was Gwadar’s unique geopolitical location — at the entrance of the Strait of Hormuz, an important waterway where over one-sixth of global oil production and one-third of the world’s liquified natural gas (LNG) pass. As a natural deep-sea port, Gwadar has the potential to accommodate large cargo shipments.

But, regardless of these promising attributes, a decade later, the port remains underutilized, with minimal revenue-generating shipments. In 2023, only 17 ships docked at Gwadar, a stark contrast to the 441 at Sri Lanka’s Hambantota Port, which a Chinese ports managing company also manages.

Meanwhile, Karachi, Pakistan’s largest port and one of the three seaports in the country handled 1,767 ships during the 2023-2024 fiscal year.

Currently, 95 percent of the country’s imports and exports are managed through Karachi and Bin Qasim ports, with Karachi alone handling three-quarters of the total cargo. But, despite serving as the country’s trade lifeline, these ports are increasingly strained by congestion, primarily due to insufficient infrastructure development and ever-increasing cargo volumes that are gradually exceeding the ports’ capacity.

See also  What South Korea’s Horizon Europe Entry Say About Its Science and Tech Ambitions

As much as this situation underscores the potential of Gwadar as an alternate hub for trade, it also highlights the urgent need to expand the port’s capacity and the development of a robust transport network capable of efficiently handling large-scale cargo operations.

At present, Gwadar has only three berth facilities and relies entirely on trucks for transportation. Globally, large ports leverage rail networks for cargo shipments, which are more fuel-efficient, cost-effective, and capable of carrying larger bulk cargo without disrupting traffic. Although there were some speculations about plans for a railway line between Pakistan and China, there has been no progress, partially because of the huge costs involved.

On the other hand, persistent security challenges in Balochistan and the complexities surrounding who handles the port are just two of the many reasons why Gwadar has remained underutilized nearly two decades after its construction and a decade after its integration into CPEC.

Prime Minister Sharif’s recent directive may appear to be part of a strategy to reaffirm the importance of Gwadar Port and CPEC, or a potential response to the pressure from Beijing. After the “all-weather friendship” seemed to be wavering over continuous delays in CPEC projects and the deteriorating security situation in Balochistan, with a number of attacks in the past and more recently in the context of a string of attacks across the province on August 26.

Initially, China may have overlooked or deliberately downplayed Balochistan’s longstanding tensions with Islamabad, when strategic advantages outweighed the challenges. However, the continuous attacks on Chinese nationals in Pakistan, the surge in attacks throughout the province, mass protests by the citizens in Gwadar and project delays have put the bilateral relationship at a crossroads.

See also  U.N. Warns of Food Security Threat as Russia Throttles Grain Shipments

Sharif has been pushing for the accelerated implementation of previously agreed-upon projects, including the functionality of Gwadar Port and advancing Memorandums of Understanding with China, its largest foreign investor. But his reassurances to China seem inadequate when underlying issues remain unaddressed.

Pakistan’s security challenges and delays are not the only issues that worry China. In recent years, Beijing has been considering shrinking the scope of BRI under its new “Small and Beautiful” strategy, aiming to scale back its expansive BRI projects in favor of more manageable projects. This recalibration also reflects the Chinese economy’s current struggles, including underperformance compared to the pre-COVID era, and the persistent real estate crisis at home.

But despite Pakistan’s political and security crisis, and China’s economic challenges, Beijing is not ready to let go of Gwadar. The recent visit to Gwadar by a Chinese delegation, led by Wang Fukang of China’s Ministry of Foreign Affairs, took place amid mass gatherings, protests and at least two weeks-long sit-ins by the Baloch Yakjehti Committee, a Balochistan rights movement. The meeting at the Gwadar Port discussed Phase 2 of CPEC projects.

Currently, Gwadar Port (if functional) can only handle around 11 million tons of bulk cargo annually, which is around 17 percent of what Pakistan’s largest port, Karachi can handle. This stark difference again casts doubt on the feasibility of the Prime Minister’s directive to shift 50 percent of public cargo to Gwadar.

Looking ahead, the China Overseas Port Holding Company (COPHC), which operates Gwadar Port, has outlined an ambitious expansion plan. By 2045, the company aims to increase the port’s capacity to 400 million tons of cargo per year, by adding another 100 berths.

See also  Country Garden Default Would Be Worse Than Evergrande, BI Says

No doubt Gwadar has the potential to be developed into an important regional trade hub, but its current infrastructure and security challenges can barely support 20 percent of the country’s cargo, let alone 50 percent. As the government presses forward, questions are being raised if any realistic steps are being taken to realize Gwadar’s immense potential, or if the critical gaps will continue to be overlooked.

Cargo Gwadar Handle Pakistans Port Shipments
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

June 3, 2026

Ballard Power (BLDP) Posts Revenue Growth and Third Straight Positive Gross Margin Quarter

June 3, 2026

Bass and Pratt will advance in L.A. mayoral race, traders say

June 2, 2026

Best Wells Fargo credit cards for June 2026

June 2, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Iranian Media Claims It Presented 14-Point Ceasefire Plan to U.S.

May 20, 2026

Farage Says Work Begins Now to Destroy the ‘Delusional’ Establishment

May 13, 2026

‘I Refute These Criminal Allegations’

September 16, 2023

Dallas property management emptied out resident’s apartment after eviction, but accidentally got the wrong unit

September 1, 2023
Don't Miss

Stephen Curry Inks $400 Million Deal With China’s Li-Ning Despite Another Company Offering More Money: REPORT

Sports June 3, 2026

Stephen Curry, a superstar guard for the Golden State Warriors, has signed a 10-year endorsement…

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

June 3, 2026

Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

June 3, 2026

‘Star Wars’ Director Tony Gilroy Smears Team Trump as Treasonous Just as a ‘Star Wars’ Movie Bombs in Theaters

June 3, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,372)
  • Entertainment (4,860)
  • Finance (3,629)
  • Health (2,186)
  • Lifestyle (1,890)
  • Politics (3,425)
  • Sports (4,372)
  • Tech (2,202)
  • Uncategorized (4)
  • World (4,698)
Our Picks

Liberal Icon And Former Congressman Warns Democrats From Deathbed Against Moving Too Far Left

May 4, 2026

‘My D*ck Looks Like A Thumb’: Kevin Hart Describes His Recent Injuries

August 28, 2023

Gender ‘Non-Binary’ Broadway Performers J. Harrison Ghee and Alex Newell Score Tony Award Nominations

May 6, 2023
Popular Posts

Stephen Curry Inks $400 Million Deal With China’s Li-Ning Despite Another Company Offering More Money: REPORT

June 3, 2026

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

June 3, 2026

Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

June 3, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.