Name: Uzbekistan looks to Pakistani ports
Brand: dawn.com
SKU: dawn-com-22
Availability: OnlineOnly

critic

Uzbekistan looks to Pakistani ports

preview

AdvertisementAdvertisementAdvertisementAdvertisementISLAMABAD: Uzbekistan on Thursday formally sought Pakistan’s support for accession to the Quadrilateral Traffic in Transit Agreement (QTTA) in a bid to utilise Karachi and Gwadar ports for its trade operations.The formal request was made by Uzbek Deputy Prime Minister Sardor Umurzakov during a video conference with Adviser to the Prime Minister on Commerce Razak Dawood. Uzbekistan’s Ambassador to Pakistan Furqat Sidikov also joined the meeting held at the Ministry of Commerce in Islamabad.The QTTA is a transit trade deal among Pakistan, China, Kyrgyzstan and Kazakhstan to facilitate the passage of goods and traffic. A road project under the China-Pakistan Economic Corridor will provide access to China and the Central Asian States to Pakistani ports.Responding to the request, Dawood assured Pakistan’s support for Uzbekistan in QTTA.Pakistan plays a central role in the QTTA which is believed to be an alternative route bypassing Afghanistan and relying on the Karakoram Highway via China to reach Central Asian States.Uzbekistan also sought the establishment of Joint Working Group for trade and investment cooperation.An official statement following the meeting said that Uzbekistan requested Pakistan to support its cause in accession to QTTA, and share its experience on achieving the Generalised System of Preferences Plus status.Dawood apprised the Uzbek side that a memorandum of understanding for Pakistan-Uzbekistan Joint Working Group on Trade and Investment will be ready for signing after seeking approval from the cabinet of Pakistan.During the meeting, it was resolved that all out efforts would be made to enhance bilateral trade relations, establishing joint ventures in various areas including agriculture, textile, pharmaceuticals, tourism and construction.Pakistan’s exports to Uzbekistan stood at $13.190 million FY19 as against $9.254m over the previous year. Similarly, Pakistan’s imports from Uzbekistan are very negligible as it stood at $5.449m in FY19 as against $3.640m over the previous year.Published in Dawn, May 8th, 2020AdvertisementAdvertisementAdvertisementComments (31) ClosedNow, Pakistan will be a super rich country.Great news.This will bring billions of dollars trade to Pakistan.Just even fruits and dry fruits exports to European and middle eastern countries would be beneficial for both countries!Welcome a new customer with open arm. Also invite all CAS states.While do not forget our eastern neighborhood, they are long demanding transit facilities to Afghanistan, give them Afghan Land Wagah transit with conditions that they will get their shipments in transits through any Pak Ports, Karachi, Bin Qasim, Gwadar, all their incoming and outgoing shipments from E.Punjab, Gujarat, thru Pak will save time &amp; money, ofcourse they have to pay transit fees per container. Pak needs money &amp; India wants to save, there’s a mutual interest. Go ahead.Splendid. But must work very hard to turn an opportunity into a reality.@kamal chowkidar,Pity you. No wonder your hate and jealousy has thrown you to the bottom of Happiness Index.@kamal chowkidar,Perpetually unhappy neighbour.Not our fault you elected a clueless bigot now hurting your country.Bypassing Afghanistan, the highway to the central Asian countries needs urgent attention from the government to activate and utilise Gwader port, creating jobs and income for Pak exchequer. Such income generating productive projects need priority.@Sairbeen plus.,India will have to stop terrorism in Pakistan, abandon foolish and failed idea of isolating Pakistan and injecting hate into own Hindu population.But that means no BJP rule. So not gonna happen.That's your isolation Modiji? Stop embarrassing Indians.CPEC is most beneficial if we make and export our own goods.Why do people always want free money.Charging for transit will not develop the country, it will help the foreign exchange reserves but it will not be massive amounts.We have to think big, we are 200 million.We have to better the quality of our education, work and make things so we can develop.Make in Pakistan so our people don't need to go abroad for work.That is how you develop.Foreign currency reserves, stock market etc.These are just numbers not signs of real development.We need to learn from Turkey and China not the west.They have developed a manufacturing base which has made them strong independent nations.Sadly, I have to say India is moving ahead in development because they are making things.@Sairbeen plus., Modi is trapped by his own narrative, having sold a delusional view of the world and history to his people. Don't really expect anything rational from a guy who thinks reality is like a bollywood movie.IK is crying over death of HM commander.Also,Chabhar is for that purpose.India has its own east west corridor for that purpose.@Ajaz, start living with reality CPEC is for china not Pakistan. China gets to warm waters, china gets their trade route, chinese firms gets their contracts for infrastructure dev, chinese firms setup with no taxes in SEZ, chinese labour gets employment, chinese banks give loans..Pakistan just pays for it all! Congrats!@kamal chowkidar, India under Modi seeks to share prosperity with neighbors.Now open everything. Bring money. Don't follow lockdown rules...waste of time..our poor people will die.Efforts to be made to include Tajikistan and Kazakhstan as well. Fast and result oriented actions should be taken. There are opportunities even the world is going through the pandemic of COVID-19. Kick off the production and export more. most importantly get into fruitful and long term agreement considering this is a normal situation. Explore the new areas where trade can be done. Keep an eye on the corrupt. Create more and sustainable employments. Medicine, technical and automobiles are very lucrative sectors.@NSG, “ India has its own east west corridor for that purpose.”Great. Use that corridor then.We must give them all facilities to make best use of our ports.Less than 20 million dollars of trade. Even if it doubles, it is no big deal. At this volume decades wold be needed to be profitable.@Truthsayer, Before you jump to conclusions, please make sure that Pakistan's ports are clean enough for international to berth there, which is very much doubtful seeing as how the average Pakistani's poor hygiene habits.!!!!! You just have step into a PIA plane after it has landed, and you will understand what I am saying is true!!!@Fastrack, The mutual interest in changed circumstances teach wisdom, the Corona has changed everything. The returning Overseas Paks, &amp; Indians are common pain, PM Modi now desperate for normalcy, he understands that economy of SAARC nations will be hard hit, whatever resources we have we must gather &amp; work for prosperity, this is no time for confrontation, or politics. Pak has important part to play, let’s turn the page, for new fresh trustworthy relationships.The two brotherly states must enhance cooperation in every field and increase their bilateral trade into hundred million dollars if not billion dollars.The total import was $5 million, even if you charge 10% commission on it (usually fee is 1-2%), the maximum you gain ins $500,000. Applause to those dreaming of billionsIndia looks to Bangladeshi Sea ports for its landlock 7 North-Eastern states.@kamal chowkidar, will this deal ever see the light of the day with the poor failed economic condition in Pakistan and struggling China trying to regain its lost manufacturing nd exports. The anti China wave may see several foreign manufacturing units relocating further pulling down China's economy. Moreover even with the best of efforts, Pakistan"s economy will require at least 8 to 10 years to stabilise with repayments starting from next year, lower repatriation, lower exports, etc.@Truthsayer, Counting chickens before they are hatched.@Fastrack, lets world decide who is a trouble maker?@kamal chowkidar, Yes sir, why not?@kamal chowkidar, Pak is taking low interest loans and giving high interest loans to other countries and see the profit now.Excellent idea. Build a railroad services from Pakistan to Uzbektan, through Afghanistan of course. It would create many jobs for afghan people. Ask rich countries to help out in financing or loans for rail road projects in Afghanistan.AdvertisementAdvertisementAdvertisement010203040506070809The issue with the PTA’s vision of the internet in Pakistan is that it only views it from a security and business lens, completely ignoring citizens' basic rights.AdvertisementThe world’s most consequential relationship between the US and China needs to be managed responsibly.There are many precedents for the ‘minus-one formula’ and ‘technical knockout’ in Pakistan’s political history.SOCIAL hyperpolarisation, gradually becoming apparent not just in developing democracies but also in the more ...AFTER over six years since the project was launched, Karachi got its second multicoloured bus rapid transit line to...The world’s initial response to the tragedy has so far been underwhelming at best.THE families of missing people are caught in a nightmare that appears to have no end. Stonewalling, platitudes, ...IN Pakistan, it is often the case that the state and its functionaries are at the beck and call of the elite, often...Advertisement

AdvertisementAdvertisementAdvertisementAdvertisementISLAMABAD: Uzbekistan on Thursday formally sought Pakistan’s support for accession to the Quadrilateral Traffic in Transit Agreement (QTTA) in a bid to utilise Karachi and Gwadar ports for its trade operations.The formal request was made by Uzbek Deputy Prime Minister Sardor Umurzakov during a video conference with Adviser to the Prime Minister on Commerce Razak Dawood. Uzbekistan’s Ambassador to Pakistan Furqat Sidikov also joined the meeting held at the Ministry of Commerce in Islamabad.The QTTA is a transit trade deal among Pakistan,...

public

Mubarak Zeb Khan

This is http://Dawn.com's live Twitter feed, your window to latest news, analysis and features from Pakistan, South Asia and the world.

Uzbekistan looks to Pakistani ports

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS