Economy
Gwadar's economy has, in the past, been dependant mostly on fishing. Gwadar's economy is undergoing rapid transformation as a small fishing village is being transformed into a major port city of Pakistan with improved communication links with the rest of Pakistan. In 1993, the Government of Pakistan commenced a feasibility study for the construction of a deep-sea port at Gwadar. On 22 March 2002, the Government of Pakistan began construction of Gwadar Port, a modern deep-sea port, the first phase of which was completed in December 2005 and the second in March 2007. Gwadar Port became fully operational in December 2009. The 1400 km Trans-Afghan Gas Pipeline (TAP) from Turkemenistan to Gwadar(Pakistan), a long-dormant project that would pump Turkmen natural gas to markets in South Asia, may finally be poised to begin at a cost of $3 billion. The Government has announced that a massive defense facility will be constructed in the city in order to guarantee the security of the area. The Government has also announced that a new shipbuilding centre will be built at Gwadar, with an as-yet unspecified international partner.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)