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GAWADAR THE PERSUIT OF HAPPINESS

Gwadar stands as the new heart line, a new commercial hub for the world. Surrounded by Dasht and Kolanch valleys a rich historical background tags Gwadar, ruled by Afrasiab, Khusro and Lahrasip Gwader saw the Advantest of Alexander the great followed by the rule of Chandara Gupta Moria in 303 B.C. A detailed history of the later period is missing, but some time Gwadar remains a centre for pirates their graves can still be traced at the bottom of Sanghar.A well-known Portuguese write of the 16th Century Manual de.f.Sauza in wrote a detail of Portuguese attack on Gwadar in his book (The history of Portuguese days in east) but the invaders were defeated by local Kalmat tribe as Mir Hamal Fought bravely .How ever, he was later captured and taken into custody. The Khan of Kalat Mir Naseer Khan Nori included in his realm in 1777. In 1783 Mir Naseer presented Gwadar to Taimur Sultan the defeated ruler of Muscat. Taimur Sultan, who recaptured Muscat, continued to rule gwader after the death of Mir Naseer Khan. Gwadar is located on the south-western of Arabian. It is ystratgetical located between three increasingly important regions: The oil-rich Middle East, heavily populated South Asia and the economically emerging and resource  region of Central Asia. The government of Pakistan intends to develop the entire area in order to reduce its reliance in shipping on the port of Karachi. In addition to expanding port facilities, the Project aims to build industrial complexes in the area and to connect the town via a modern highway to the rest of Pakistan. Gawadar is expected as world greatest trade colidor more recognized than the the penumal cannal and swiss cannal. It is hoped that the Gwadar port would generate billions of dollars in revenues and create at least two million jobs. The Gwadar deep-sea port emerges as a place of great strategic value, enhancing Pakistan's importance in the whole region, extending from the Persian Gulf through the Indian Ocean to Southeast Asia and the Far East. The government declared Gwadar port a "Special Economic Zone" in the budget, 2003-2004. All banks will open their branches, five star hotels will be built, offshore banking will be started, factories, warehouses and storage will be set up, the tourism industry will be promoted in the area, an export processing zone will be set up, making Pakistan a very attractive place for direct foreign investment, and Gwadar port a regional hub of trade and investment activities.Gwadar has a big airport for commercial aircrafts. There is a need for the expansion of the airport and enlargement of its runway to facilitate the landing of wide body aero-planes. Gwader will be the road to prosperity and Vision Gwadar will be the gateway of progress. Gwadar port will directly and indirectly bring lots of wealth, trade and infrastructure advancement to the area which has been traditionally left behind in developement. Dubai is the hub of business not only for Gulf but also for rest of the world including Europe, United States, Africa, China and Central Asian States, simultaneously. The gulf region is facing many political conflicts at the moment and huge disturbances in the current administrative structure are expected in the coming years. In such a scenario, a substitute of Dubai is essential to be located before the crisis hits the finances of millions. The substitute shall be a nearest point probably, to ensure continuous supply line of oil from Gulf to the outer world. Fortunately, Gawadar proves to be the nearest and infect more cost-effective substitute of Dubai, from many aspects.
Gawadar would be a free-trade zone and as a corridor to the Central Asian republics, It would also offer great opportunities for investors. Pakistan has already declared Gwadar a special economic zone and all imports coming through this zone will be exempted from customs duty and sales tax along with concessions on income tax. It is decided to give a seven-year tax exemption to industrial and commercial establishments in the Gwadar Special Economic Zone. This is expected to boost both domestic and foreign investment in this area, especially in such sectors as fish-processing, real estate, and tourism-related infrastructure and services.Gawadar is now destined to be the most important upcoming coastal town located on the inter junction of the three most strategically and economically important regions of the world that are oil rich Middle East, South Asia where one- fifth of world population lives and the Central Asian Republics endowed with mineral wealth and an educated and highly skilled and disciplined workforce

Haider Raza,Student of MBA IQra University Islamabad

Article Source: ArticlesBase.com - GAWADAR THE PERSUIT OF HAPPINESS