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China assumes Gwadar Port charge

Pakistan, Business News : China has formally assumed charge of Pakistan’s deep-water Gwadar Port following an agreement signed between the two countries in February this year.

Three companies including China Port Holding, China Merchant and Cosco Shipping would be responsible for the handling of Gwadar port.

Beijing would help Islamabad construct a road, which would link the port with the Coastal High Way. Beside this, China would also provide financial add to complete the project.

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