Question
Pakistan has leased the Gwadar Port to a company belonging to this country for 40 years.
Answer: Option C
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A state-run Chinese company will handle the operations of Pakistan's strategic Gwadar port for a period of 40 years. Minister for Ports and Shipping Mir Hasil Khan Bizenjo said the China Overseas Port Holding Company (COPHC) would carry out all the development work on the port on the Arabian Sea. The COPHC has 91 per cent share of revenue collection from gross revenue of terminal and marine operations and 85 per cent share from gross revenue of free zone operation
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