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

White Democrat Women Dance Across America For Juneteenth

June 23, 2026

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

June 23, 2026

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    White Democrat Women Dance Across America For Juneteenth

    June 23, 2026

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026

    Democrats Are Turning Out In Droves — Even In MAGA Country

    June 23, 2026

    Trump’s Midterm Election Rigging Scheme Handed Big Loss

    June 23, 2026

    Senate Passes Major Housing Bill As Citizens Continue To Miss Out On Key Pillar Of American Dream

    June 22, 2026
  • Health

    7 Signs You Need Physical Therapy (And How To Find the Right Provider)

    June 23, 2026

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026

    A New Way To Hit Pancreatic Cancer’s Hardest Target

    June 22, 2026

    Ebola Congo: 1,000 cases, 254 deaths, still a search for patient zero

    June 22, 2026
  • World

    One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

    June 23, 2026

    Former Federal Reserve Chair Alan Greenspan Dies

    June 23, 2026

    Polish President to Strip Zelensky of Top Honor over WW2 Dispute

    June 23, 2026

    Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

    June 23, 2026

    51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Intel CEO gives investors a reality check

    June 23, 2026

    China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

    June 23, 2026

    Borrowing need will dictate your interest rate

    June 23, 2026

    52-year-old Outback Steakhouse rival chain closes 24 locations

    June 22, 2026

    Ex-Trump advisor makes bold case for Bitcoin

    June 22, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»New Gwadar International Airport: An Asset for Pakistan or Another Economic Burden for China?
Finance

New Gwadar International Airport: An Asset for Pakistan or Another Economic Burden for China?

October 24, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
New Gwadar International Airport:  An Asset for Pakistan or Another Economic Burden for China?
Share
Facebook Twitter LinkedIn Pinterest Email

On the sidelines of the recent Shanghai Cooperation Organization (SCO) summit in Islamabad, Pakistan and China signed 13 agreements, covering a range of sectors including security, livelihood, education, agriculture, human resources development, and science and technology. However, the highlight of the meeting was the virtual inauguration by Pakistani Prime Minister Shehbaz Sharif and his Chinese counterpart Li Qiang of the New Gwadar International Airport.

Built at a cost of $230 million, the airport is one of the projects under the $50 billion China-Pakistan Economic Corridor (CPEC). It extends over an area of 17 square kilometers and is touted to be Pakistan’s second largest airport, designed to accommodate some of the world’s largest aircraft, including the ATR 72, Airbus A-300), Boeing 737, and Boeing 747. The airport is expected to create around 3,000 jobs.

However, the airport’s location in the sparsely populated province of Balochistan, particularly in Gwadar district, which has a population of just over 100,000, raises several questions regarding the airport’s ability to attract passengers and cargo traffic. Without sufficient demand, the airport risks becoming another underutilized airport similar to the Chinese-funded Mattala Rajapaksa International Airport in Sri Lanka. Given these concerns, it is essential to first assess how this project fits into the broader CPEC.

The primary idea behind constructing the airport was to boost connectivity and facilitate the movement of cargo to and from Gwadar, particularly its seaport. It was also aimed to support the flow of people as business activity increases. By functioning as a hub for both commercial flights and cargo jets, the airport is expected to attract potential investment and stimulate commercial growth in Gwadar Port, which is the core of the CPEC initiative. It is also expected to facilitate connections with markets in China, South Asia and the Middle East. This ties directly into CPEC’s larger vision of turning Gwadar into a key trade and transport hub.

See also  China drugmakers axe IPO plans as they face scrutiny in anti-graft drive

While this vision may sound promising, there is skepticism about the practicality and viability of such a large-scale airport in a relatively isolated region.

Karachi and Quetta, the nearest major cities, are located over 600 and 700 kilometers away, respectively, raising the question about how effectively the airport can serve its broader objective, particularly without improved connections to urban centers.

A major challenge is the lack of railroad connectivity. Around the world, rail networks are used for the movement of cargo. Rail transport is generally more efficient in terms of fuel consumption and costs, and allows transportation of large volumes of goods without delays and congestion often experienced on highways.

However, Gwadar currently relies on a single major highway to Karachi, and another to Quetta through Turbat, both of which are heavily burdened by passenger and freight traffic, frequently exceeding their capacity. To fully realize the airport’s intended vision under CPEC, it is necessary to establish a multimodal transport network with rail connections.

While infrastructure may be developed over time to address emerging needs, the more formidable and pressing challenge is that of security. Balochistan has long faced unrest with complex tensions of insurgency and political grievances.

Earlier this month, at least 10 people, including two Chinese engineers, were killed in Karachi. Such attacks are part of a troubling trend of CPEC and other projects and workers being targeted. In fact, almost 100 Chinese nationals have lost their lives in Pakistan in terror attacks since CPEC was launched.

Although both China and Pakistan have repeatedly committed to enhancing security measures for Chinese personnel, and projects — they reiterated this pledge during the recent SCO meeting as well — questions remain about how these commitments can be implemented on the ground. The ongoing insurgency in Balochistan, along with unresolved discontent over local resource management, has persisted. Unaddressed for the past two decades, this discontent has only escalated tensions, complicating the situation and jeopardizing the security and viability of ongoing projects.

See also  What's next for the U.S. economy? 'The extent of these effects is uncertain.'

Despite this, China remains invested in Gwadar, given its strategic location and its long-term potential. Yet, the ability to attract and retain more investment for infrastructure projects like rail networks, and connecting with markets outside Pakistan for the seaport and the new airport, depends heavily on addressing security concerns, especially as China is already shrinking the scope and scale of BRI through its new “Small and Beautiful” strategy.

For the first time in the last three decades, China is experiencing a net outflow of foreign direct investment. Amid a persistent real-estate crisis, stalled post-pandemic economic recovery, rising debt, and other economic pressures, the public sector is now struggling to manage large infrastructure projects. As a result, Beijing may consider selecting strategically where to invest in order to ensure greater returns and stability.

As China reassesses its investment strategies and Pakistan struggles with persistent security challenges, the future of the New Gwadar International Airport remains uncertain. Whether it will support economic growth, or succumb to the same fate as many other grand initiatives that were left underutilized, potentially earning the label of “white elephant,” remains to be seen.

Airport asset burden China Economic Gwadar International Pakistan
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Intel CEO gives investors a reality check

June 23, 2026

China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

June 23, 2026

Borrowing need will dictate your interest rate

June 23, 2026

52-year-old Outback Steakhouse rival chain closes 24 locations

June 22, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Women’s Coach Accused of ‘Inappropriate’ Relationship with Player

May 2, 2023

Six Chinese Nationals Busted on Remote Texas Ranch in Failed Border Crossing

May 31, 2026

MPD Quietly Terminates Officials Over Crime Stat Manipulation: REPORT

May 6, 2026

Tanzania reports a Marburg outbreak, Africa’s second this year

March 22, 2023
Don't Miss

White Democrat Women Dance Across America For Juneteenth

Politics June 23, 2026

Top Democrat lawmakers made ridiculous attempts at performing African dances over the weekend as part…

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

June 23, 2026

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026

One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

June 23, 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 (4,386)
  • Entertainment (5,259)
  • Finance (3,886)
  • Health (2,327)
  • Lifestyle (1,893)
  • Politics (3,654)
  • Sports (4,618)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,166)
Our Picks

4 Key Strategies For HC Leaders To Foster Systemness And Individuality

September 10, 2023

Jim Caviezel Stars in Film About Real-Life Sex Trafficking Rescue — Producer Says ‘You’re Dead’ if Child Slaves’ Plight Doesn’t Move You

April 14, 2023

Math, Reading Scores Plunge To Record Lows

June 21, 2023
Popular Posts

White Democrat Women Dance Across America For Juneteenth

June 23, 2026

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

June 23, 2026

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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