Sunday, July 8, 2012

Pakistan


Pakistan 5 Rupees 2009 UNC
Front: Quaid-e-Azam Muhammad Ali Jinnah
Back: Gwadar Sea Port

Gwadar Port is a developing warm-water, deep-sea port situated at Gwadar in Balochistan province of Pakistan at the apex of the Arabian Sea and at the entrance of the Persian Gulf, about 460 km west of Karachi and approximately 75 km (47 mi) east of Pakistan's border with Iran. The Gwadar port is situated right next to the strategic Strait of Hormuz and its busy oil shipping lanes. Initially, the chairman of Dubai Ports World, Sultan Ahmed bin Sulayem, who met Pakistani president General Pervez Musharraf on May 5, 2006, expressed a strong hope for management of facilities at the strategic Gwadar port and development of infrastructure in the southern port city and elsewhere in Pakistan. But a decision was taken not to bid, after India’s National Security Council voiced concerns about DP World’s ventures in India, alongside its plans in Pakistan, and Sultan Ahmed bin Sulayem assured the Indians their pull-out was well considered and India need not have any security concerns. The port will now be in competition with that of Dubai in the United Arab Emirates.

Information Obtained From Wikipedia, the free encyclopedia

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