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Pakistan has leased Gwadar port to state-run firm of which country for 40 years?

Pakistan has leased Gwadar port to state-run firm of which country for 40 years? Correct Answer China

  • Pakistan has leased Gwadar port to state-run firm of China for 40 years.
  • This was done on April 20, 2017.
  • Under this contract, China will retain over 90% of revenue from Gwadar’s marine operations, and 85% from the management of an adjacent free zone.
  • The port holds strategical importance for China.

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