Gwadar is a port city located in the southwestern province of Balochistan, Pakistan. It is situated on the Arabian Sea coast and holds immense strategic importance due to the deep-sea Gwadar Port, which is a key component of the China-Pakistan Economic Corridor (CPEC). Gwadar has witnessed significant development and investment in recent years, transforming it into a major economic and commercial hub with great potential for trade and connectivity in the region.
Did Pakistan buy Gwadar from Oman?
In 1958, Pakistan purchased the Gwadar enclave from Oman for $3 million. Prior to that, there was a historical connection with Oman's rulers, but Gwadar became officially part of Pakistan on December 8, 1958, after the purchase was completed.
Is Gwadar the next Dubai?
Gwadar's potential to become a major economic hub has led to comparisons with Dubai, but its development path remains uncertain.
Is Gwadar tax free?
Gwadar has been officially declared a tax-free zone by the Balochistan provincial government.
Who owns Gwadar?
Gwadar is owned by the government of Pakistan. It is a strategic port city located in the province of Balochistan and is an essential part of the country's economic development and connectivity plans, including the China-Pakistan Economic Corridor (CPEC).