China-Pakistan-Economic-Corridor (CPEC), which opens gates for China to enter middle-eastern and in-turn Eurasian markets, also stabilizes Pakistan's economy. One of the most major assets of CPEC is the Gwadar Port, as it the link between One Best, One Road (OBOR) and Maritime Silk Road projects. Gwadar Port was aimed at linking northern Pakistan and western China, also the deep-water seaport will be a site of a floating liquefied natural gas facility as part of the Iran-Pakistan gas pipeline project.
Inaugurated by Pakistan's Prime Minister Nawaz Sharif, Gwadar Port started operating on 14th November 2016. Main benefits of Gwadar Port:
However, only 72 kilometres away lies New Delhi's latest bid to flex its economic muscles i.e. Chabahar Port. India signed an agreement with Iran to develop the $500 million Chabahar port. It is currently being seen as a gateway for Indian goods into Central Asia. Both ports pose tangible economic, commercial, and strategic challenges to each other. However, Gwadar possesses the advantage from many angles:
In the end, both Gwadar port and Chabahar port can assist millions of people. Both the ports can only yield best results when there are no major regional threats. Above all, South Asia needs economic cooperation and integration.