As the peace process between India and Pakistan
chugs along it seems President Musharraf was trying to condition his
people to accept that all parts of India controlled Kashmir,
including Jammu and Ladakh areas, were part of India and now has
demanded only joint management of the Kashmir valley. It also seems
that PM Dr Manmohan Singh, wants to make the peace process go
forward and said he welcomed it. In any case the latest development
has to do with shipping between the two countries and we must get
ready for trade via this route. We feel India should offer Pakistan
most favoured nation (MFN) status for trade even if they do not
reciprocate. It will benefit our economy.
Pakistan and India will sign a shipping protocol
in Delhi on 23rd Dec paving the way for sea trade between the two
countries –– Federal Minister for Ports and Shipping, Senator Babar
Khan Ghauri confirmed this. Talking to newsmen before leaving for
India, he said that after the signing of the protocol, private ship
owners would be allowed to lift cargo from one another's country,
and also from and to a third country. He said a feasibility study of
the Bombay–Karachi ferry service had been completed and licenses had
been issued. The service was likely to commence in February or March
next year. Answering another question about Gawadar Port, he said
that a Singapore based consortium had submitted the highest bid to
manage the port operations and Gawadar Port Authority had made its
recommendations
We predict that one day, sooner than we think,
Gwadar will be a mini Dubai as it is well located and the Chinese
are building a deep water port with a draught we in India do not
have. Since the Pak President eliminated the cantankerous Bughti in
Balochistan, he has persuaded the new leadership to help in the
development of the area. It will not be easy but is possible.
A consortium led by Singapore port operator PSA
International had submitted the highest bid to manage Gwadar Port
but the tender had not yet been awarded, a Pakistani port official
confirmed. “We cannot give the figure quoted by PSA International
until the negotiations are final but they are the highest and the
successful bidder,” the official of the Gwadar Port Implementation
Authority said, declining to be named. The PSA bid was accepted at
the weekend.
Under the concession, the winning bidder will
take over the operation and management of the port for 40 years. The
port official said the offer from the runner-up –– Pakistan
International Container Terminal –– was ‘far behind’ that of the
Singaporean operator. “We are in the process of finalising technical
and financial terms and conditions with them and will take a
decision very soon,” the official said. Pakistan’s AKD Group is part
of the Singaporean consortium