News ID: 231896
Published: 0433 GMT September 27, 2018

Pakistan upgrading road, rail network with neighbors: Pak FM

Pakistan upgrading road, rail network with neighbors: Pak FM

Pakistan is upgrading its rail and infrastructure to facilitate smooth flow of goods with its neighbors, said Pakistan's Foreign Minister Shah Mahmood Qureshi.

The minister made the remarks at the 25th Informal Meeting of the Council of Foreign Ministers of the Economic Cooperation Organization on the sidelines of the seventy-third session of the UNGA in New York, IRNA reported.

Qureshi added that the Islamabad-Tehran-Istanbul corridor and the Pakistan-Iran-Turkmenistan rail link were being made functional.

Recognizing the importance of the ECO platform, he said Pakistan enjoys fraternal and brotherly relations with ECO member countries.

"These relations can be further strengthened with regional connectivity projects," he said highlighting China-Pakistan Economic Corridor (CPEC) as a great example of connectivity.

The foreign minister referred to the last 13th ECO Summit in Islamabad in 2017 with the theme of 'Connectivity for Regional Prosperity' and underscored Pakistan's priority for energy connectivity.

He pointed out that some countries in the ECO region were energy deficient while others were energy surplus. There was thus a greater need to initiate energy projects, he added.

Qureshi also referred to energy projects in which Pakistan was already participating.

To strengthen trade ties, the foreign minister supported revisiting the ECO trade agreement, which was aimed at promoting trade liberalization within the ECO region.

He also supported the strengthening ECO Transit Trade Framework Agreement, which would enable the region to function as a bridge between the North and the South, Europe and Asia.

Qureshi informed the meeting that out of Pakistan's pledge of $ 5 million to the ECO fund for the reconstruction of Afghanistan, $2 million had already been paid to the organization.

   
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