Pakistan, Aug. 5 -- The Gwadar Port Authority and China's Xinning Enterprise have signed an agreement to boost investments at Gwadar Port. This new partnership aims to turn Gwadar into a major trade and industrial hub. The agreement includes plans to develop the port, improve existing facilities, and start new industrial projects. Officials hope this will unlock Gwadar's full commercial potential after years of slow progress. Both sides believe this move can speed up regional trade and create jobs.

The Letter of Intent (LoI) was signed by Yi Jiang of Xinning Enterprise and Umer Zaffar Shaikh from the maritime ministry. Gwadar Port Authority Chairman Noor-ul-Haq Baloch also joined the signing ceremony online. The Chinese delegation later ...