China takes control of Pakistan port from Singapore
ISLAMABAD (AFP) - China took control of Pakistan's Gwadar port on Monday as part of its drive to secure energy and maritime routes that also gives it a potential Arabian Sea naval base, sparking Indian concern.
"The contract of operation of Gwadar port is formally given to China.
Today, the agreement is transferred from the Port of Singapore Authority to China Overseas Ports Holding Company Limited," President Asif Ali Zardari announced.
"The award of this contract opens new opportunities for our people... It gives new impetus to Pakistan-China relations," added Mr Zardari in a speech broadcast live on television.