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Federal and Balochistan signs MoU on joint venture of Gwadar Shipyard

News Desk

A Memorandum of Understanding (MoU) has been signed by the Federal and Balochistan governments on joint venture of Gwadar Shipyard.

According to media reports, the Cheif Minister of Balochistan Jam Jamal Khan and the Minister for Defense Production Zubaida Jalal witnessed the signing ceremony in Quetta on Wednesday.

Zubaida Jalal has said on the occasion that Gwadar Shipyard would be owned by Balochistan government which is being acquired by the federal government under equity.

The Minister for Defense Production further stated that the capacity of Gwadar Shipyard would be much greater than Karachi Shipyard which would be significant for improvement in economy of Balochistan. She said professional training would be provided to youth of Balochistan in Gwadar Institute and Karachi Shipyard to enable them to work outside the country after making them skilled.

“A workshop will be established in Gawadar for repairing ships,” she added.

Balochistan CM Jam Kamal Khan has said on the occasion that the joint venture of Gwadar Shipyard is a historic project which would help to enhance economic and development of Balochistan in future.