Mumbai: Today, China is Pakistan's biggest ally. This cooperation is political as well as commercial. China is developing Gwadar port in Pakistan. China has given great confidence to Pakistan about this port. China said that it will make Gwadar Port an even bigger economic center than Karachi Port. Gwadar port is a strategic port of Pakistan. Indeed, the Chinese company operating this port and its free trade zone in Balochistan province have promised Pakistan.

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The company has said that it will make Gwadar Port a more valuable economic hub than Karachi Port. According to reports released by the Chinese media, China wants to make Gwadar Port the largest contributor to Pakistan's economy in the coming seven years. China is said to have set a target of generating 47,000 jobs at Gwadar Port in seven years. For this, it has planned to invest billions of dollars.

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According to Pakistani media, the government of Pakistan has announced exemption of sales tax and tariff along with income tax for 23 years to companies set up in Gwadar Port and Gwadar Free Zone. According to the report, this announcement of Pakistan has been described by Zhang Baozhong, chairman of China Overseas Ports Holding Company Gwadar as changing the fate of Pakistan's economy. According to the report, Baozhong told the media that billions of dollars can now be invested in Gwadar Port.

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