ISLAMABAD: Pakistan’s Envoy to the United Arab Emirates (UAE) Ambassador Faisal Niaz Tirmizi has underscored Pakistan’s freight corridors, port projects at a global logistics conference in Dubai, saying the South Asian has the potential to become a crucial hub for regional trade, transport and economic cooperation.
Ambassador Tirmizi said this while delivering a keynote address at the 12th Global Logistics Alliance (GLA) conference in Dubai, according to Pakistan’s Press Information Department (PID).
The three-day event, running from May 15 till May 18, has brought together over 2,000 industry leaders, experts and potential partners from 130 countries to network, acquire knowledge and explore opportunities in the logistics sector.
In his speech, Ambassador Tirmizi highlighted Pakistan’s strategic location at the crossroads of South Asia, Central Asia and West Asia as well as the Middle East.
“Pakistan is poised to become a vital corridor of connectivity and cooperation across the region,” he said, lauding the UAE-based firms DP World and AD Ports for their investments in freight corridors and port development projects in Pakistan.
The development comes as Pakistan strives to boost trade and overseas investment amid a gradually healing macroeconomic environment after a prolonged downturn that forced Islamabad to seek external financing from friendly nations and multiple loan programs with the International Monetary Fund (IMF).
The Pakistani government has pursued aggressive economic diplomacy in recent years, signing several agreements and memoranda of understanding with countries in Central Asia and the Middle East.
In her remarks, GLA President Grace Sun emphasized the importance of the event in creating new business synergies and accelerating global logistics collaboration.
On the sidelines of the conference, Ambassador Tirmizi and Sun discussed the potential of organizing a regional networking conference in Pakistan under the GLA framework, with a focus on engagement from South and Central Asian logistics stakeholders, according to the PID.
Ambassador Tirmizi reaffirmed Pakistan’s commitment to working with international partners to develop “smart, efficient, and sustainable logistics infrastructure,” particularly through transformational initiatives like the China-Pakistan Economic Corridor (CPEC).
