Per capita income of Gwadar citizens will rise to $2000 by 2025

ISLAMABAD, Dec. 24 (Gwadar Pro) - The contribution of Gwadar’s smart port city in Pakistan’s Gross Domestic Product (GDP) will rise up to US$200 billion to $300 billion by 2050, APP reported citing a forecast by ministry of planning and development.

The forecast shows the contribution of Gwadar in Pakistan’s economy in short term would rise to $6 billion by 2025 and $24 billion in 2035.
Consequently the per capita income of the citizens of Gwadar city would be around $2000 in 2025, and would rise to $4000 by 2035.

Gwadar Smart Port City Master Plan is a vital part of the multi-billion dollar China Pakistan Economic Corridor (CPEC), which after completion would transform the port city into a hub of industrialization, commercial activity and international marine trade.
He said the development of the port, free zone and industrial zones will create huge job opportunities, and the employed population is expected to reach 9000 to 12000 in short term, 24000 to 30,000 in medium term while 100,000 to 120,000 in long term.

On August 23 this year, the governing body of Gwadar Development Authority accorded final approval to the Master Plan while the feasibility study (PC-II) for implementation of Gwadar Smart Port City Master Plan was approved by Balochistan Provincial Development Authority (PDWP) at a total cost of Rs 300 million on November 13, 2019.
Under the plan, the government is planning to build diversified, prosperous, dynamic, and green industrial system so as to achieve fast economic growth and establish a new engine for regional economy.
In the short term, Gwadar advantages in fisheries and geographical location will be given full play, with focus on its competitive industry.