Binghatti Ghost will comprise 700 residential units
The new sea route, when commissioned, will open up an affordable alternative for transportation of passengers and goods while giving a much-needed push to the promotion of tourism between the three countries.
The initiative, according to sources at the PNSC, is part of the ongoing peace process between India and Pakistan to provide yet another way of easing out the transportation facilities for those who cannot afford air travel and promote tourism.
Gwader, which is being developed as a major new port on the southern shore of Pakistan to promote trade and commerce in Baluchistan by next year, would go a long way in boosting exports from the Central Asian Republics, and China, and providing an outlet to the land-locked region of Central Asia, being linked with Pakistan through a network of motorways.
According to sources, another ferry service will be started from Karachi to Jeddah for the convenience of Haj pilgrims and for those who visit the holy land for performing Umrah.
The fare on Karachi-Gwader-Dubai and Dubai-Karachi-Mumbai route, the sources said, would be fixed at low levels so as to attract good number of passengers who have had no earlier experience of travelling by sea. For them the biggest attraction would be the unlimited baggage, which could be transported without any restriction.
Efforts were being made to start work on this project within a year, a source said.
Some Dubai-based shippers in past had also shown their interest in introducing the ferry service to Karachi. They had asked for subsidies from the Government of Pakistan.
In this connection, PNSC is working for the acquisition of six vessels to help realise a project, which was once a dream only.
PNSC, a loss-sustaining company this year, saw a turn-around earning a net profit of Rs1.63 billion ($29 million).
Captain Tariq Khan, CEO Silver Sea Shipping, who had plans for a ferry service couple of years ago speaking to Khaleej Times said the route was not so economical for a private company to operate on.
The service can only be viable commercially if Pakistan gives some subsidy to the shippers, as Karachi port is 30 per cent more expensive comparing with Mumbai. Besides, the expatriates had shown little interest in ferrying since Pakistani air carriers were providing the travel facility so economically making prospects of ferry service dim.
Binghatti Ghost will comprise 700 residential units
The iPhone 16, Apple Watch 10, AirPods 4 and more
The 6.74-foot-tall device can make and receive calls, send texts, and performs several other functions just like a regular Apple iPhone
Advancing AI capabilities on-the-go for Arabic-speaking regions
Stylist to the stars Tabesh Khoja says the thing to remember is that 'not everything suits everyone'
The campaign targets all population segments, including citizens, residents, employees in both government and private sectors, and healthcare workers
In temperate climates, influenza outbreaks typically occur during the winter, while in tropical regions, it can cause sporadic outbreaks throughout the year
26-year-old Sarah Rocio Provenzani delivers a special message of hope and love with her songs