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Gloom for Pakistan s maritime economy, boom for Bahria Foundation
Tue, Apr 20 2021 22:36 IST |
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Pak emphasises need for closer engagement with US. Image Source: IANS News
Zubaida Jalal, Pakistans Minister for Defence Production, recently oversaw the signing of a MoU for construction of a Shipyard at Gwadar. This is a project that has been in the works for many years; at least since 2008.
The latest round of excitement started in 2017, when, in a seminar organised by the Pakistan Navy (PN), its Naval Chief announced the approval of a new shipyard at Gwadar, to be completed within three to five years. 12 years since the idea and three years since the latest round of excitement, Pakistan has only been able to sign a MoU that too between its Federal and Provincial Governments. Even this has been possible only because PN eyes it a form of enriching itself with new sources of income and post retirement jobs.