Failure to hand over a free zone area to the operator of Pakistan's Gwadar Port, for construction of warehousing facility is turning the port of the future into a white elephant with both the government and PSA of Singapore losing millions, according to Business Recorder.

Under the terms of the concession agreement with PSA, three companies were assigned to undertake port operations, marine services and a free zone for warehousing and developing a duty-free industrial zone.