Islamabad: Gwadar smart port city’s per capita income (PCI) and contribution to the Gross Domestic Product (GDP) is expected to undergo a short-term increase, a news source reported. The Ministry of Planning & Development has predicted that Gwadar will contribute around USD 6 billion and USD 24 billion by 2025 and 2035, respectively, to Pakistan’s economy.
According to the ministry’s forecast, Gwadar’s contribution to the GDP will increase from USD 200 billion to USD 300 billion by 2050. Furthermore, the per capita income is expected to surge up to USD 15,000 in the long term.
An official of the ministry stated that following the implementation of the Gwadar master plan, there will be an increase in employment opportunities for both locals and citizens from other parts of the country.
The Gwadar Development Authority (GDA) had approved the final draft of the master plan in August. Moreover, the Provincial Development Working Party (PDWP) had approved the feasibility study (PC-II) for the project’s implementation in November.
The completion of the Gwadar Smart Port City Master Plan under the China Pakistan Economic Corridor (CPEC) project is expected to transform the city into a hub for commercial activity, international marine trade and industrialisation.
