Pakistan and China constituted an operational agreement for Gwadar Port

http://www.youtube.com/watch?v=fTb6SyhNai4

China is a time tested and steadfast friend of Pakistan. Relations of Pakistan and China are higher than mountains and deeper than oceans.

Pakistan and China have strengthened their geostrategic positions by entering into an agreement. Pakistan has transferred the operational control of its strategically located deep-sea port of Gwadar to China.

It is the demonstration of economic and strategic cooperation between both the countries. 

For Pakistan; Gwadar port will open following new vistas:

Ø  Lead to prosperity and Global culture

Ø  Boost in Trade

Ø  Generating revenue

Ø  Accelerating industry

Ø  Job opportunities for the masses

Ø  Raising the momentum of economy

Ø  Development of rail and road infrastructure

For China; Gwadar port carries numerous benefits:

·       Shortest import/export route for Xinjiang province

·       Shortest route to reach the lucrative middle east market

·       In addition to above; China’s presence in the oil rich strategic area