Pakistan successfully tests calibration aircraft at Gwadar airport in key step toward its completion

A calibration aircraft lands on the runway at the New Gwadar International Airport, in Gwadar, Pakistan on June 4, 2024. (Photo courtesy: Pakistan Civil Aviation Authority)
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Updated 04 June 2024
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Pakistan successfully tests calibration aircraft at Gwadar airport in key step toward its completion

  • Pakistan expects Gwadar international airport to be operational by fourth quarter of this year
  • Gwadar is a key part of $60 billion China-Pakistan Economic Corridor energy corridor in Pakistan

ISLAMABAD: Pakistani and Chinese teams collaborated on Tuesday to successfully test land a calibration aircraft at the New Gwadar International Airport (NGIAP), the Pakistan Civil Aviation Authority (PCAA) said, marking a key milestone in the completion of the project expected to be operational by the fourth quarter of this year. 

The NGIAP is a is a greenfield airport being built in Pakistan’s southwestern port city of Gwadar. The airport, which will handle domestic and international flights, is a joint venture between Pakistan, Oman, and China. The airport is an important part of the China-Pakistan Economic Corridor (CPEC), an energy and infrastructure corridor between the two countries. CPEC is a flagship of Beijing’s Belt and Road Initiative through which it has pledged over $60 billion in Pakistan.

“The Flight Calibration and Flight Procedure Design milestone for the New Gwadar International Airport has been successfully achieved today with the successful test landing of the Calibration Aircraft on the newly constructed runway,” the PCAA said in a press statement. 

It added that the calibration aircraft was welcomed to the airport with a customary water cannon salute by the PCAA’s Rescue and Fire Fighting Services department. 

“This significant accomplishment is the result of the collaborative efforts of both the Chinese and Pakistani Project Teams,” the statement said. “The airport is projected to be completed and operational in the fourth quarter of this year.”

The press release said that apart from the Pakistani and Chinese project teams, the PCAA’s technical directorates and Flight Inspection Unit (FIU) played a crucial role in achieving the milestone within a short timeframe.

“The completion of the New Gwadar International Airport is expected to have a transformative impact on the development of Gwadar and its surrounding areas, as well as improve the lives of the people of Balochistan province and the coastal region,” it added. 

The airport, which is being built across 4,300 acres of land, is expected to be one of the biggest in Pakistan. According to the PCAA, it will also become the nation’s second airport capable of handling an A380 aircraft. 

Chinese investment and financial support for Pakistan since 2013 have been key for the South Asian nation’s struggling economy, including the rolling over of loans so that Islamabad is able to meet external financing needs at a time its foreign reserves are critically low.
In recent months, Pakistan has bolstered efforts to attract foreign investment in key economic sectors such as minerals, agriculture, tourism and others in its bid to stabilize its fragile $350 billion economy. The South Asian country has also sought to enhance bilateral ties with Central Asian states such as Uzbekistan and Kazakhstan as it aims to increase regional trade and improve connectivity. 


Chinese aerospace firm eyes up to $10 billion investment in Pakistan, ministry says

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Chinese aerospace firm eyes up to $10 billion investment in Pakistan, ministry says

  • China is a major ally and investor in Pakistan, with several Chinese private sector firms undertaking joint ventures in the South Asian country
  • China’s Aerospace Development Industry Investment Group Co. says it plans investments in advanced technology industries and mining and minerals

ISLAMABAD: A Chinese aerospace firm has expressed interest in investing up to $10 billion in various sectors in Pakistan, the information ministry in Islamabad said on Thursday.

China is a major ally and investor in Pakistan and has pledged over $65 billion in investment in road, infrastructure and development projects under the China-Pakistan Economic Corridor (CPEC), besides several Chinese private sector manufacturers undertaking joint ventures in the South Asian country.

Pakistan offers significant investment potential owing to its strategic geographic location connecting South Asia, Central Asia, and the Middle East, a large consumer market of over 240 million people, and a young and dynamic workforce. The country also provides attractive incentives for investors.

On Thursday, officials of the Aerospace Development Industry Investment Group Co. of China met with Pakistan’s Board of Investment Minister Qaiser Ahmed Sheikh to discuss investment opportunities and potential avenues in the country, according to the Pakistani information ministry.

“They informed that Aerospace Development Industry Investment Group is an international investment group with an AAA corporate credit rating, engaged in strategic industrial investments in areas including advanced technologies, aerospace development, artificial intelligence, electric vehicles, drone technologies, and energy projects,” the ministry said.

“The delegation expressed keen interest in investing between USD 5 billion to USD 10 billion in Pakistan across multiple sectors including mining and minerals, advanced technology industries, and industrial development. They also emphasized their interest in collaborating with Pakistan on skill development initiatives.”

Sheikh appreciated the interest shown by the Chinese company, saying that Pakistan is taking concrete steps to improve investment climate in the country.

“The Board of Investment is actively working on regulatory reforms to facilitate investors, promote ease of doing business and streamline business procedures,” he was quoted as saying.

The minister referred to the Pakistan–China Business-to-Business Conference held in September last year, where more than 300 companies from Pakistan and China participated and signed 167 Memoranda of Understanding (MoUs) aimed at strengthening bilateral investment and trade cooperation.

“Pakistan and China already have a Free Trade Agreement, and Pakistan is now focusing on increasing its value-added exports to further enhance economic cooperation,” he said.

Sheikh also briefed the delegation on the incentives available for investors in Pakistan’s Special Economic Zones (SEZs), including exemption from income tax and sales tax on the import of machinery, to promote industrial investment.