ALSO READCPEC project: Nascent industries afraid of big Chinese firms China, Pakistan must be ready for setbacks to CPEC: Daily CPEC potential game-changer for Pakistan economy: Chinese daily Pak-China begin fourth joint naval exercise aimed at CPEC security Pakistan Army vows to protect $46 bn CPEC 'at any cost'
Pakistan on Saturday decided to accord approval to a Russian request for using the Gwadar Port for its exports as Moscow has also showed its willingness to be part of the China-Pakistan Economic Corridor (CPEC).
Following Iran and Turkmenistan, Russia has decided to use the Gwadar Port for trade to have an access to warm waters, a top official privy to the development told Geo News.
Russia also wants to join the CPEC to reap maximum dividends. In addition, Russia aspires to develop strategic defence ties with Pakistan, Geo News reported. Islamabad has moved forward with a green signal allowing Russia to use the Gwadar Port for trade.
Prime Minister Nawaz Sharif said that many countries wanted to join CPEC as half of the world would benefit from the project.
He announced building railways, road and laying fibre-optic cables along with Turkmenistan-Pakistan-Afghanistan-India (TAPI) 1,680-km-long gas pipeline to enhance connectivity between South Asia and Central Asia for the benefit of about half of the world's population that lives in this part of the world.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)