Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Will Gwadar cement a strong China-Pakistan relationship?

Amid the China-funded infrastructure push in Pakistan, concerns are starting to mount about rising deficits. Go Yamada, Nikkei senior deputy editor, reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

The idea of transforming the ancient fishing village of Gwadar into a bustling port city has been around since at least 1954, when Pakistan commissioned the US Geological Survey to examine its coastline. Its conclusion: Gwadar, which sits on the Arabian Sea, would be an ideal location for a deepwater port.   

Gwadar’s potential went unrealised for decades, but it is now at the heart of an ambitious plan known as the China-Pakistan Economic Corridor. China has pledged to spend $63bn to bolster Pakistan’s power plants, ports, airports, expressways and other infrastructure under the initiative, which Beijing positions as one of the pillars of its $1000bn Belt and Road Initiative (BRI).   

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial