Islamabad, (Pakistan Point News - 7th May, 2018) : Chief of Naval Staff Admiral Zafar Mahmood Abbasi has said that despite the challenges, Pakistan Navy has formulated a strategy to safeguard national maritime interests. Addressing the International Maritime Symposium, Naval Chief added the PM has approved the setting up of a shipyard at Gwadar which would contribute to Pakistan's economy as well. The setting up of another shipyard was on the table too.
The Ministry of Ports and Shipping has been renamed as Ministry of Maritime Affairs, he added. He also expressed confidence in Belt and Road's initiative (BRI) and China-Pakistan Economic Corridor (CPEC) which he believes will also help in strengthening ties between the two countries. Professor Tang Mengsheng, director of the Centre for Pakistan Studies at Peking University, said CPEC would contribute to the socio-economic development of Pakistan and China both.
