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

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

May 13, 2026

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026

Tiger Suffers Setback in Court as Judge Gives Prosecutors Access to Golf Legend’s Prescription Drug History

May 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, May 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Have Trump And Musk Made Amends?

    May 13, 2026

    Trump Can Barely Walk As He Arrives In China With A Lumbering Thud

    May 13, 2026

    South Carolina Republicans tank redistricting, for now

    May 13, 2026

    Pennsylvania Supreme Court Justice Leaves Democratic Party

    May 13, 2026

    Buttigieg picks sides in Iowa

    May 13, 2026
  • Health

    Vance: $1.3B in Medicaid money to California will be deferred over fraud suspicions

    May 13, 2026

    Why Energetic Health Matters Now More Than Ever

    May 13, 2026

    The Doctor Shortage Is Getting Worse. Your Pharmacist Can Help

    May 13, 2026

    Trump DOJ intensifies push to restrict youth gender-affirming care

    May 13, 2026

    This $250 Million Startup Tracks How Cancer Reacts To Treatment In Real Time

    May 13, 2026
  • World

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

    May 13, 2026

    Neil DeGrasse Tyson Ruminates On How To Handle E.T. Encounters

    May 13, 2026

    At Least Six Dead Migrants Found in Trainyard near Texas Border

    May 13, 2026

    Trump Shares AI Image Of Democrats Bathing In Feces

    May 13, 2026

    Trump Rejects Iran Reply – ‘Laughing No Longer’

    May 13, 2026
  • Business

    Another Key Inflation Measure Blows Past Forecasts

    May 13, 2026

    Prices Skyrocket To Highest Level In Years As Fallout From Iran War Continues Ravaging Economy

    May 12, 2026

    Reynolds Launches $3,200,000,000 Investment In America-Made Smokeless Nicotine

    May 8, 2026

    CEO Trolls Rival By Using Their Platform To Fund His Attempted Takeover Of Company — But They Aren’t Amused

    May 7, 2026

    Americans May Be Stuck Paying Wartime Gas Prices Long After Iran Deal

    May 7, 2026
  • Finance

    Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

    May 13, 2026

    Alibaba’s AI Business Is Booming, But Its Profits Basically Disappeared

    May 13, 2026

    Oil little changed as Trump heads to China; US oil stocks fall more than expected

    May 13, 2026

    B&G Foods positions for “transformational year” as guidance raised

    May 13, 2026

    Intel Has Tripled in 2026. The Sell in May Case for the Year’s Biggest Comeback Story

    May 13, 2026
  • Tech

    EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

    May 13, 2026

    ‘AI Is Here,’ ‘We Can Work With It,’ ‘You Fight It … Is a Battle We Will Lose’

    May 13, 2026

    Google Reports First Known Case of AI-Developed Zero-Day Exploit Used by Cybercriminals

    May 13, 2026

    Microsoft CEO Satya Nadella Takes the Stand to Defend Relationship with OpenAI

    May 13, 2026

    Suspect Allegedly Asked Chat GPT ‘How to Make Bomb’, Targeted Louvre

    May 13, 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  Insiders Pour Millions Into These 2 Dividend Stocks — Here’s Why You Might Want to Ride Their Coattails

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  How much worse can China's economic slowdown get?

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

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

May 13, 2026

Alibaba’s AI Business Is Booming, But Its Profits Basically Disappeared

May 13, 2026

Trump Can Barely Walk As He Arrives In China With A Lumbering Thud

May 13, 2026

Oil little changed as Trump heads to China; US oil stocks fall more than expected

May 13, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Southeast Asia’s IPO market an investor favorite amid global headwinds: Deloitte

July 7, 2023

Italy’s Mount Etna Eruption Spews Ash, Halts Flights

May 21, 2023

Is China Already Stabbing Trump In Back On Recent Trade Deal?

November 13, 2025

Marjorie Taylor Greene Attacks Joe Biden For Stopping Her From Denying Kids Food

March 27, 2023
Don't Miss

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

Entertainment May 13, 2026

Pop star Hayley Williams proclaimed “Fuck ICE” and “Free Palestine” while performing at a concert…

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026

Tiger Suffers Setback in Court as Judge Gives Prosecutors Access to Golf Legend’s Prescription Drug History

May 13, 2026

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

May 13, 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 (4,359)
  • Entertainment (4,479)
  • Finance (3,356)
  • Health (2,025)
  • Lifestyle (1,876)
  • Politics (3,211)
  • Sports (4,178)
  • Tech (2,086)
  • Uncategorized (4)
  • World (4,226)
Our Picks

Westminster Dog Show: Striker the Samoyed Enjoys Retirement

May 9, 2023

Collective Force of Head Hits Increases Odds of CTE, Study Says

June 20, 2023

Thousands Evacuated In Philippines As Volcano Spews Ash, Rocks

June 11, 2023
Popular Posts

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

May 13, 2026

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026

Tiger Suffers Setback in Court as Judge Gives Prosecutors Access to Golf Legend’s Prescription Drug History

May 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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