ISLAMABAD: Pakistan, Turkiye, and Iran Road Transport Corridor, in combination with the Belt and Road Initiative (BRI) project, will prove to be a game-changer in increasing regional trade among the four friendly countries. This initiative is poised to reshape the regional trade dynamics among these three friendly nations while opening doors to deeper economic integration.
The Islamabad-Tehran-Istanbul Road Transport Corridor is on the cusp of redefining regional trade by bolstering ties between Pakistan, Iran, Turkey, and China within the context of the Belt and Road Initiative (BRI). This transformative project is envisioned to bridge geographical gaps, enhance connectivity, and unlock new opportunities for economic growth and cooperation.
Moazzam Ghurki, President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), highlighted the profound impact of this initiative. He emphasized that the China-Pakistan Economic Corridor (CPEC) and the BRI have breathed fresh life into these alliances, creating a conduit for synergies between Turkey and Pakistan. Ghurki stated that this corridor would not only facilitate the movement of goods between Turkey and Pakistan but also provide a streamlined path for Turkey’s exports to Chinese markets.
Significance of Turkish Investments in Pakistan
Fang Yulong, Senior Vice President of PCJCCI, further reiterated the significance of Turkish investments in Pakistan, surpassing $1 billion. This robust strategic partnership encompasses a wide spectrum of sectors, including science, technology, defense, tourism, education, and health. The recently signed Strategic Economic Framework agreement underscores the commitment to strengthening ties.
Hamza Khalid, Vice President of PCJCCI, urged Pakistan to strategically recalibrate its priorities in line with the evolving bilateral dynamics with Turkey. He spotlighted ongoing collaborative endeavors like the Trans-Afghan Railway project, CASA-1000, and the TAPI gas pipeline, which stand to elevate Pakistan’s connectivity with Western Asia and Europe.
Salahuddin Hanif, Secretary General of PCJCCI, emphasized the broader implications of Pakistan’s economic challenges and their reach beyond domestic boundaries. He acknowledged the complexities of navigating international relations that align with economic goals while preserving the scope of China’s regional development program.
This collaboration among Pakistan, Iran, and Turkey, underpinned by the Belt and Road Initiative, reflects a commitment to fostering economic growth, trade expansion, and mutual understanding.
