Pact approved to boost transit trade with Uzbekistan

ISLAMABAD (APP) - Federal Cabinet on Wednesday accorded approval for the ratification of agreement on cooperation in the field of transportation and transit of goods between Pakistan and Uzbekistan. The agreement envisages free traffic in transit to the carriers of contracting parties through multi-model transport system in accordance with their existing national laws and regulations. Briefing the media about the Cabinets decisions Minister for Information and Broadcasting Qamar Zaman Kaira said that the main objective is to provide Uzbekistan an access for the transshipment of their trade cargo to and from Gwadar port. He said in pursuance of the International Road Transport Agreement signed between Iran and Pakistan in June 2008, cabinet gave its approval for Instrument of Ratification concerning the agreement.This will facilitate the international transport by road of passengers and goods between the two countries and in transit through their respective territories,he added. The minister said that by signing this Agreement, traffic from Pakistan and Turkey would be able to ply through Iran while Iran will also have an access to China via Pakistan. Besides boosting economic opportunities, the access to other Central Asian Republics and Europe through Iran and Turkey would be an added advantage to Pakistan,he further said.

ePaper - Nawaiwaqt