Federal Minister for Planning, Development and Reforms Makhdum Khusro Bakhtyar on Thursday said that regional connectivity through road, rail and maritime routes, would increase the trade and economic integration between South Asia, Middle East, and Central Asia (SAMECA).
He said Pakistan was now working on internal connectivity through road and rail link for providing the connectivity between the far city of Peshawar to coastal city Karachi, which would lead to improving the regional connectivity as well.
Addressing the Margalla Dialogue-19 on Peace and Development in South Asia, Middle East, Central Asia (SAMECA) here on Thursday, he noted that the region’s trade potential was vast and Pakistan could play an important role for promotion of trade linkages between Central Asia and South Asia.
Adviser to Prime Minister on Finance Abdul Hafeez Sheikh, Chinese Ambassador Yao Jing, President IPRI and foreign delegates were also present.
The Minister said that Pakistan was focusing on promoting cooperation in energy sector at regional level. He said that Pakistan was heading towards industrial development, noting that other countries were heavily investing in E-commerce and digital economy, therefore Pakistan should also pay attention towards this end.
He underscored that Pakistan should also invest in research and development and promote other modern sectors on the pattern of China.
Talking about China Pakistan Economic Corridors, the Minister said that under CPEC framework, other countries can become partners and make investments to the mutual benefit of all.
He said that the present government has expedited the pace and implementation of CPEC projects and hurdles related to CPEC projects had largely been removed.