Stories about China Overseas Port Holding Company

Why all this fuss over Gwadar?

It came as no surprise when, on Monday, the Pakistani President Asif Ali Zaradri handed over the operating rights of the Gwadar port officially to China in a high profile ceremony arranged at the President house in Islamabad. A memorandum of understanding (MoU) was signed by Pakistani officials and the Chinese Ambassador to Pakistan, Liu Jian, which meant that the world renowned, yet little functional, Gwadar port was transferred from the Singapore based Port of Singapore Authority (PSA), which had initially signed a 40 year lease deal in 2007, to the Chinese state-owned China Overseas Port Holding Company (COPHC). Pakistan tagged it as the ...

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