Islamabad: China and Pakistan are going to sign an operational agreement for taking over control of Gwadar Port within a month. The previous government of Pakistan signed an MOU with China in 2012, but the final agreement hasn’t been signed.
According to Kamran Michael, Federal Ports and Shipping Minister of Pakistan, a draft agreement is being finalised and the issue will come up for discussion with Chinese authorities during the premier’s trip starting from July 4.
China plans to invest in the construction of port infrastructure to make the port functional and turn Pakistan into a regional trade hub. [02/07/13]
