Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Karachi seen as major hub for transit trade
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Customs Delays
PhotoNews Pakistan > Business > Karachi seen as major hub for transit trade
Business

Karachi seen as major hub for transit trade

Web Desk
By Web Desk Published August 19, 2014 2 Min Read
Share
Pakistani Naval personnel stands guard beside a ship carrying containers during the opening of a trade project in Gwadar port, Pakistan. Photo Credits: Arab News
SHARE

Experts convened at a seminar yesterday shared a unanimous perspective on Karachi’s potential to evolve into a significant hub for transit trade, linking the landlocked and energy-rich Central Asian countries to the north with the oil-rich, capital-abundant Middle East to the west, and the economically vibrant East Asia, which has a strong energy demand.

The seminar was a collaborative effort, jointly organized by the International Road Union (IRU), the Economic Cooperation Organization, and the Ministry of Commerce. The speakers emphasized Karachi’s strategic position as a central node in the trade routes connecting these diverse regions.

During the discussions, there was a strong call for the early ratification of various international conventions that support the seamless movement of goods across land routes. Among these, the TIR Convention of the United Nations, which ensures the facilitation of international transport of goods under cover of TIR carnets, was highlighted as particularly crucial.

Furthermore, the speakers urged the government to take decisive steps towards modernizing its trucking policy and fostering the development of the country’s international freight forwarding industry. Although the federal cabinet approved a trucking modernization policy in 2007, its implementation has yet to occur.

This delay in policy implementation underscores a critical gap in capitalizing on Karachi’s geographic and economic positioning to enhance its role in global trade networks. The experts’ dialogue at the seminar pointed out the pressing need for infrastructural and regulatory upgrades to efficiently meet the demands of international trade and commerce.

TAGGED:Karachi
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Ashura 2024 Pakistan

Muharram 9 Processions Held Across Pakistan Under Tight Security

Julian McMahon Death

Julian McMahon, Nip/Tuck and Charmed Star, Dies at 56

Fluminense vs Al Hilal Club World Cup 2025 Quarter-Final

Fluminense Beats Al-Hilal 2-1 in 2025 Club World Cup Quarter-Final

Post Archives

More Popular from Photonews

Justice Shah JCP Seniority
Pakistan

Justice Mansoor Ali Shah Questions JCP’s Judge Seniority Process

2 Min Read
World’s Most Powerful Passport in 2025
Pakistan

Henley Passport Index 2025: Singapore Tops Global Rankings, Pakistan at 100th

3 Min Read
Punjab Cyber Crackdown for Social Media Posts During Muharram
Punjab

Punjab Cracks Down on Inflammatory Social Media Posts During Muharram

2 Min Read
Sports

Pakistan vs India Asia Cup 2025 Clash Set for September 7 in Dubai

Indian media reports that Pakistan and India will face off in the much-anticipated 2025 Asia Cup…

July 2, 2025
Business

Nvidia Hits $3.92 Trillion Market Cap, Eyes Most Valuable Company Title in 2025

On July 3, 2025, Nvidia’s market capitalisation reached $3.92 trillion, briefly surpassing Apple’s record to become…

July 4, 2025
Sindh

TikTokers Arrested for Rs130M Robbery in Karachi’s PECHS Area

In a shocking incident on June 26, 2025, four siblings, known for their TikTok presence, were…

June 30, 2025
Entertainment

Salman Khan Unveils Intense Battle of Galwan First Look

On July 4, 2025, Bollywood superstar Salman Khan unveiled the first look of his upcoming film,…

July 4, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?