Pakistan is upgrading its railway’s infrastructure to ensure safe and secure transport of goods & services in neighboring countries. According to the Pakistan Foreign Minister Shah Mahmood Qureshi, the railways will be upgraded to facilitate and promote trade and commerce. Mr. Qureshi issued this statement during the 25th Informal Meeting of the Council of Foreign Ministers of the Economic Cooperation Organization held on the sidelines of the seventy-third session of the UNGA in New York.
Mr. Qureshi said, “The Istanbul-Tehran-Istanbul corridor and the Pakistan-Iran-Turkmenistan rail link were being made functional.”
Furthermore, the Foreign Minister said that Pakistan has cordial and brotherly relations with the countries that are members of the European Cooperation Organization.
The statement by Shah Mahmood Qureshi said, “These relations can be further strengthened with regional connectivity projects. In this regard, the Minister highlighted CPEC as a great example of connectivity.”
Mr. Qureshi gave reference of the 13th ECO Summit held in Islamabad in 2017 on the topic “Connectivity for Regional Prosperity” to highlight the importance of energy connectivity.
The statement added, “He referred to the fact 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.”
Furthermore, the Finance Minister talked about the energy projects that Pakistan is already a part of and said that the ECO trade agreement needs to be revisited to promote and boost trade liberalization within the ECO region.
“He also supported 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.”
It will help in linking Pakistan with Central Asian countries and European nations.