
Relevant regional and international agreements: Ministries, Aviation Division assigned to evaluate
ISLAMABAD: The Ministry of Foreign Affairs, the Ministry of Maritime Affairs, the Ministry of Railways, and the Aviation Division were assigned to evaluate relevant regional and international agreements that could facilitate economic integration through new routes.
The second consultative meeting of the Working Group on Multimodal Connectivity chaired by Federal Minister for Planning, Development and Special Initiatives was held on Wednesday, with participation from key government stakeholders, including the Ministry of Commerce, Ministry of Finance, Federal Board of Revenue (FBR), Ministry of Communications, Ministry of Railways, Ministry of Maritime Affairs, and the Aviation Division.
During the meeting, the working group presented a comprehensive review of currently operational trade corridors and proposed new routes to strengthen regional connectivity. The Minister for Planning reviewed the existing corridors, while discussions were held on proposed road, rail and maritime linkages.
In follow-up to the previous meeting, the Ministry of Communications had been tasked with reviewing existing transport infrastructure, regulatory frameworks, and policy instruments along identified trade corridors.
Highlighting Turk-menistan as a comparatively shorter and viable transit option, he directed that a thorough assessment of this route's feasibility be undertaken. Reflecting on his recent visit to Turkmenistan for the 1st ECO Ministerial Forum on Sustainable Development, the minister noted the country's keen interest in fostering regional connectivity. On a query regarding Turkmenistan's potential use of Gwadar Port, the minister was apprised by Ministry of Maritime Affairs that the port is operational, and 100 acres of land have been allocated for an off-dock terminal. The PC-1 for its development is under preparation for proposed inclusion in PSDP 2025–26. Recalling the prospect of Gwadar–Oman sea connectivity as discussed in previous meeting, the minister advised the concerned ministry to share progress on this initiative in the next meeting.
Minister Iqbal further emphasised the need for effective phasing in the planning of the multi modal connectivity network to identify infrastructural and policy challenges that may arise in the development of new trade corridors.
The Ministry of Communications presented a three years' summary of the movement of NLC trucks operating through three key trade corridors: the Trans-Afghan Corridor, the North-South Corridor, and the China-Pakistan Economic Corridor (CPEC). Ministry of Communications briefed the minister that in 2023, Pakistan transported the highest number of trucks to Uzbekistan, as compared to other Central Asian countries. In 2024, Afghanistan took the lead as the primary recipient of Pakistani trucked exports.
The official from Ministry of Communications also briefed the minister that current figures for 2025 indicate that the top three countries to have received Pakistani trucked exports so far had been China, Uzbekistan and Afghanistan, respectively. 'These trends reflect Pakistan's growing engagement with neighbouring markets and underscore the importance of developing efficient multimodal trade corridors to enhance regional connectivity and economic integration,' stated the planning minister.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
7 hours ago
- Business Recorder
President Zardari, PM Shehbaz felicitate nation on Eid-ul-Adha
President Asif Ali Zardari and Prime Minister Shehbaz Sharif extended on Saturday heartfelt congratulations to the entire nation and the Muslim Ummah around the world on the occasion of Eid-ul-Adha. The day dawned with special prayers in mosques for well-being of the Muslim Ummah and peace, progress and prosperity of the country. Eid prayers' congregations were held at mosques, Eidgahs and open places in all cities, towns and villages across the country. In his message, the president that the day revives in 'us the spirit of faith, sacrifice, selflessness, and brotherhood', as per Radio Pakistan. The president called for drawing lessons from the spirit of sacrifice and selflessness shown by Prophet Ibrahim (AS) and integrating them into our lives. 'Today, there is a pressing need to support the underprivileged and marginalized segments of our society. Along with the act of animal sacrifice, Eid calls upon us to make a solemn pledge to always care for those in need,' President Zardari said. Meanwhile, Prime Minister Shehbaz said the message of Eid-ul-Adha is not limited to the sacrifice of animals alone, but teaches us to sacrifice our ego, desires, and personal interests for higher purposes. Eid teaches us not only the importance of sacrificing life and wealth but also that nations achieve greatness when they work for collective welfare and selflessness alongside individual development, the PM said. 'Today, we must especially remember our Palestinian brothers and sisters who are enduring ruthless and inhumane oppression and hunger.' Sindh govt announces four holidays on Eid-ul-Adha Moreover, Field Marshal Syed Asim Munir, Chief of Army Staff, Chairman Joint Chiefs of Staff Committee, Chief of Naval Staff and Chief of Air Staff also extended their profound felicitations to the people of Pakistan. 'Armed Forces of Pakistan convey their earnest prayers for enduring peace, prosperity, and national cohesion,' the Inter-Services Public Relations (ISPR) said in a press release today. 'We pay solemn tribute to the unwavering resilience of the Pakistani nation and express deep appreciation for the valour and sacrifices of the Armed Forces, Law Enforcement Agencies, and courageous citizens who continue to uphold the security and stability of our homeland.'


Express Tribune
10 hours ago
- Express Tribune
Trump says proud of stopping Pak-India war
U.S. President Donald Trump gestures, as he departs for Pennsylvania, on the South Lawn of the White House in Washington, D.C., U.S., May 30, 2025. Photo:REUTER Listen to article US President Donald Trump praised Pakistan's leadership during a meeting with German Chancellor Friedrich Merz at the White House on Thursday, repeating his stance that he saved the world from a major crisis by preventing a war between the nuclear-armed India and Pakistan. The US-German summit at the Trump's Oval Office was the first since Merz's election as the German Chancellor on May 6. Their talks covered a range of topics, including the wars in Europe, South Asia and the Middle East, besides the US-China trade issue and bilateral matters, according to media reports. During the meeting Trump insisted that the reduction in tension was possible because of his efforts and cooperation with the leaders of India and Pakistan. He praised the Indian and Pakistani leaderships and stressed that in the event of a nuclear conflict, the entire world could have been in danger. Taking pride in his role as the peacemaker, Trump regretted that he did not get the recognition he deserved for this important diplomatic achievement. "No one else could have done it," he said, referring to the ceasefire he had announced on May 10, and later confirmed by both the countries. Tensions between India and Pakistan reached a boiling point after an attack in the Indian-Illegally Occupied Jammu and Kashmir (IIOJK) on April 22, which killed 26 people. India swiftly blamed Pakistan, but did not present any evidence. However, the situation escalated as missile strikes and air raids rocked both nations, resulting in dozens of casualties between May 7 and 10. Trump said his diplomatic efforts to de-escalate the situation involved intense talks with both sides. "Pakistan has very strong leadership. Some people won't like when I say that, but it is what it is," Trump said. "I spoke to very talented people on both sides," he added. "They stopped that war. I was very proud of that."


Express Tribune
12 hours ago
- Express Tribune
US fund commits $10m to Pakistani startups
Listen to article A US tech fund has committed $10 million to two Pakistani IT entrepreneurs and IT experts have praised this move as it looks promising for the future. Tech analyst and expert Muhammad Yasir said that Pakistani IT firms are penetrating different traditional and non-traditional markets with their innovative products and services, which is a positive sign. Attracting investments from US-based companies will not only boost business growth and expansion of Pakistani IT companies but it will also improve the image of the country in the relevant sector, opening doors for other companies in high-end markets such as the US and EU. Pakistani IT companies need to reach more similar investors and venture capitalists in major traditional markets like the US, EU and non-traditional markets like the UAE and Saudi Arabia to expedite the overall growth of Pakistani IT exports and expansion. JR Dallas Tech Fund, the premier private investment arm of JR Dallas Wealth Management, announced a groundbreaking $10 million commitment to globally recognised technology leaders Mehwish Salman Ali and Malik Mudassir to spearhead an exclusive US-focused startup investment initiative. Under this landmark agreement, Mehwish Salman Ali and Malik Mudassir will receive $10 million in dedicated capital to identify, evaluate, and invest in high-potential startups planning to scale operations in the US. The duo will serve as lead investment partners with full authority to deploy capital across artificial intelligence, cloud computing, digital health, and frontier technology ventures. "We are entrusting $10 million to two of the most visionary technology leaders of our generation," said Jehangir A Raja, Managing Partner at JR Dallas Tech Fund. "Mehwish and Malik represent the perfect combination of technical expertise, entrepreneurial success, and strategic vision needed to identify the next generation of game-changing startups ready to conquer the American market." This $10 million commitment specifically targets startups with proven capabilities seeking to establish or expand operations within the US, creating a direct pathway for international innovation to contribute to American economic growth. The investment is likely to generate positive economic impacts as these companies are expected to generate 300-500 high-skilled technology positions within 24 months. Portfolio companies are projected to contribute $50-100 million in US economic activity within three years and accelerate breakthrough technologies in AI, healthcare, and cloud infrastructure. Mehwish Salman Ali brings unparalleled expertise as Founder & CEO of Data Vault, Pakistan's first solar-powered and quantum-encrypted AI data centre, Co-Founder of Zahanat AI, the country's first indigenous GPT model, and COO of AppsGenii Technologies. Malik Mudassir commands respect as Founder & CEO of AppsGenii Technologies, operating across the US, UK, and Pakistan, and Co-Founder of multiple successful ventures including GharPar, BoxesGen, and Dental Connect. The $10 million fund operates under a rigorous investment framework designed to maximise both financial returns and economic impact: "Receiving this $10 million commitment from JR Dallas Tech Fund represents more than capital; it's a mandate to bridge the gap between global innovation and American market opportunity," said Mehwish Salman Ali. "We are committed to identifying startups that not only promise exceptional returns but also contribute meaningfully to US technological leadership." Malik Mudassir added, "This $10 million investment enables us to support visionary entrepreneurs who understand that scaling in America requires more than great technology it demands deep market insight, operational excellence, and strategic partnership. We're here to provide all three."