Pakistan President Pervez Musharraf on March 20 inaugurated a multi-million-dollar Chinese-funded deep sea port in southwestern Baluchistan province. Gwadar port, on the Arabian Sea, has been around 75 percent financed by Pakistan’s close strategic and economic ally China. The cost of the development is around 250 million dollars.

Singapore’s PSA International, owned by state-linked investment firm Temasek Holdings, will run the port when its terminal begins operations in the second quarter of 2007.