In a landmark ceremony, Pakistani authorities will formally hand over 2,281 acres of Gwadar Port’s free trade zone to the Chinese Oversees Ports Holding Company Ltd (COPHCL) on November 11 on a 43-year lease. The ceremony would be held in Gwadar on Wednesday and would be attended by the Chinese delegation headed by National Development and Reform Commission Vice Chairman Wang Xiaodao, who has already arrived in Pakistan. The Chinese delegation comprises of all top level officials of the Chinese government and leaders of private companies. The Pakistani delegation would be led by Federal Minister for Planning, Development and Reform Ahsan Iqbal. A senior official of the ministry said that the event would also be attended by Balochistan Chief Minister Dr Abdul Malik and Federal Minister for Ports and Shipping Kamran Michal. The government has already declared Gwadar Port a free trade zone for the next 23 years. The officer said that in this regard, a high-level meeting of both aut...
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