LAHORE: Welcoming the inauguration of the Pak-Iran border market, Pakistan Business Forum (PBF) leader Ejaz Tanveer has suggested re-launching a cargo train between Pakistan, Iran and Turkiye to reap the maximum benefit of formal trade between the three countries.

“A successful experience has already been done in the near past and should be initiated on a permanent basis which can lead to increased trade between these three countries by providing a faster, more cost-effective and more reliable transportation option for goods,” he said in a press statement issued on Tuesday.

This could lead to increased economic growth and job creation as Turkiye is the gateway to Europe while a cargo train can travel to Europe in just 15 days via Turkiye. He said Pakistan should take advantage of this strategic location of Turkiye and introduce a more reliable and safe transportation mode for cargo.

He said it could diversify Pakistan’s trade routes, reducing the country’s reliance on sea and air transportation, which can be affected by geopolitical tensions and other risks.

The cargo train project could also provide a boost to Pakistan’s logistics industry by creating new opportunities for logistics providers, freight forwarders, and other businesses involved in the transportation of goods, he added.

Published in Dawn, May 24th, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...