Complex sentence: Gwadar Port is a strategic warm-water deep-sea port developed jointly by the Government of Pakistan and the Government of China at a cost of USD $248 million and officially opened by the President of Pakistan Pervez Musharraf on 20 March 2007.
Split into simpler sentences: Gwadar Port is a strategic warm-water deep-sea port developed jointly by the Government of Pakistan and the Government of China at a cost of USD $248 million. It was officially opened by the President of Pakistan Pervez Musharraf on 20 March 2007.