- June 6, 2023
- Posted by: Muhammad Shehzad
- Category: RBS News
According to a news source on May 31, the Balochistan grants SED status to Gwadar. The intention behind this decision is to support port activities and facilitate the quick development of this coastal district.
Mir Abdul Qudoos Bizenjo, the Chief Minister, has given his approval to the summary that the Planning and Development Department has recommended. The recommendation is to designate Gwadar as a Special Economic District. The news source states that the Balochistan government has granted Gwadar this status. The aim is to implement professional strategies formulated by the government. The goal is to hasten the rapid development of the area.
Furthermore, in addition to that, the government hopes to create an atmosphere conducive to luring investments, boosting economic activity, and opening up job prospects in the area by giving Gwadar SED status. Moreover, this project will unlock the real potential of Gwadar’s advantageous location as a deep-sea port. Additionally, it will open new doors for commercial growth, global trade, and industrial development.
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