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May 2013

China takes over operational control of Pakistan`s Gwadar Port

Karachi: China has successfully taken over the operational control of Pakistan’s Gwadar Port. After pull out by Port of Singapore Authority (PSA) of a 40-year port management and development contract signed in 2007, China will operate the port, which is strategically located close to the Pakistan-Iran border and the Strait of Hormuz in south-western Balochistan province, reports the Daily Times. The contract of operation of Gwadar Port has been given …Read More