For hundred of years, Gwadar has been a sleepy fishing village, Alexander the great is said to have passed through here on his way back to Macedonia. In 1958, Pakistan bought Gwadar from Muscat for Rs. 90 Million and made it a part of the province of Balochistan. Gwadar is situated at the mouth of the strategic straits of Hormus about 660 Kms from Karachi and 72 km west from the Iranian border. Du
e to its strategic position as the southern extension of Pakistan into the Arabian Sea, Gwadar renders itself as an egress for transit traffic into the landlocked Central Asian Republics, Afghanistan and Iran. This geographic advantage endows Gwadar with the potential of becoming the commercial and economics hub of the region, much on the same format as port cities like Dubai and Hong Kong. Gwadar is destined to be the most important upcoming coastal town located on the interjection of the three most strategically and economically important regions of the world that are oil rich Middle East, heavily populated South Asia and the Central Asian Republics endowed with mineral wealth and an educated, highly skilled and disciplined workforce. Gwadar has been declared as a duty free port and tax free zone by the Govt. The Deep Sea Port project with three multi purpose berths two container berths and one cargo terminal has been completed with a revised cost of 298 million US$, with the collaboration of China. The contract of Port handling has been given to Port of Singapore Authority (PSA) for 40 years lease and 23rd of March 2007 the port will functional. For more visit: http://en.wikipedia.org/wiki/Gwadar