Gwadar port to become profitable entity within two years: Minister

ISLAMABAD (Sarzameen News)- Minister of State for Maritime Affairs Jaffar Iqbal on Wednesday said that Gwadar port is in the development phase and it will become a profitable entity in the next two to three years.

Reply to a query during National Assembly session, he said that modern machinery has been placed at the port to load and offload the goods from containers.

Minister for Defence Khurram Dastgir laid before the House “The Joint Maritime Information Organization Bill, 2018.

The Minister said the bill is aimed at establishing an institution to consolidate all the information pertaining to maritime affairs. He said that relevant suggestions of the Parliamentarians will be incorporated in the bill.

Later, the chair referred the bill to the standing committee concerned.

The House today passed two bills.

These are The Establishment of Federal Bank for Cooperatives and Regulation of Cooperative Banking (Repeal) Bill, 2017 and “The House Building Finance Corporation (Repeal) Bill, 2017.

The bills were moved by Minister of State for Finance Rana Muhammad Afzal Khan.

The House has now been adjourned to meet again tomorrow at 10:30 a.m.

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