ISLAMABAD: Privatization Minister Abdul Aleem Khan has said that trade corridors from Pakistan were a “need of the hour” for Central Asian countries, while access to Pakistani ports could help increase bilateral trade between the two sides.
Khan said this during his meeting with Kazakhstan Ambassador Yerzhan Kistafin who called on him in Islamabad on Saturday, according to the Pakistani privatization ministry.
The two figures held a detailed discussion regarding investment, commerce and trade corridors between the Central Asian republic and Pakistan.
“Pakistani products are the best option for Central Asian countries,” Khan said. “In order to raise the trade graph of industrial products, display centers should be established for the foreign business community where we can keep these products for sale under one roof.”
Pakistan, which has been facing an economic crisis, wants to position itself as a regional trade hub and to leverage its strategic geopolitical position and enhance its role as a pivotal trade and transit hub connecting China and Central Asia with the rest of the world.
Kazakhstan is the world’s ninth-largest country by land area and the largest landlocked country. There has been a flurry of visits, investment talks and economic activity between officials from Pakistan and the Central Asian nations in recent weeks.
The privatization minister said Pakistan wanted better road infrastructure to increase investment, which was a top priority of his government to improve the economy.
Ambassador Kastafin said that excellent trade and economic relations with Pakistan were in the wider interest of Kazakhstan and hoped that there would be “visible progress” in this regard in the coming days, according to the Pakistani privatization ministry.
Islamabad calls trade corridors from Pakistan to Central Asia ‘need of hour’
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Islamabad calls trade corridors from Pakistan to Central Asia ‘need of hour’
- Pakistan aims to establish itself as a trade and transit hub for landlocked Central Asian republics
- Kazakhstan is the world’s ninth-largest country by land area and the largest landlocked country