KARACHI: The Karachi Shipyard & Engineering Works (KS&EW) has acquired land in Gwadar for the development of another shipyard, which has been approved by Prime Minister Imran Khan, a statement, quoting official, said on Monday.
KS&EW Managing Director Rear Admiral Ather Saleem said this at a meeting with the delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
“The decision is taken in view of increased movement of ships and maritime activities at Gwadar Port in the backdrop of China Pakistan Economic Corridor (CPEC),” he said.
The shipyard land has been earmarked near Gwadar Port at Surnallah, which will be developed under the joint venture with reputed international shipyard consortium and a [roject office is being established.
RearAdmiral Saleem said that there were more than 23 sizeable shipyards in India and five in Bangladesh against only one shipyard in Pakistan established since independence.
He underscored the need for public-private partnership in the maritime sector, as it offered a huge potential for investment and earnings, including foreign exchange, in many fields such as transportation of goods through shipping, both inland and foreign countries.
He lamented the Karachi Port Trust and Bin Qasim Port for not patronising the indigenous shipping industry and buying the ships, for their requirements, from foreign countries.
FPCCI Patron S M Muneer lauded the efforts being made by the KS&EW in ship building and development of maritime activities, as they played an important role in facilitating trade through cheap transportation of goods.
On behalf of the business community of Pakistan and FPCCI, Muneer assured the KS&EW managing director of all support and cooperation in this regard.