Asian Development Bank to fund border trade facility

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Commerce Minister Jam Kamal holds a meeting with the Central Asia Regional Economic Cooperation Secretariat on July 29, 2026. — photo courtesy pid
Commerce Minister Jam Kamal holds a meeting with the Central Asia Regional Economic Cooperation Secretariat on July 29, 2026. — photo courtesy pid

ISLAMABAD: The Asian Development Bank (ADB) is expected to approve a border connectivity and logistics upgrade facility in the coming weeks to support the modernisation of Pakistan’s border infrastructure and enhance regional trade and connectivity.

This was stated by the Central Asia Regional Economic Cooperation (CAREC) Secretariat in a meeting with Commerce Minister Jam Kamal, which briefed him on key regional initiatives aimed at strengthening trade, connectivity, investment and economic integration among CAREC member countries.

An official announcement said that during the meeting, the delegation informed the minister that Pakistan remains an active participant in implementing the Regional Trade and Investment Facilitation Partnership framework, which is entering its operational phase to promote trade facilitation, logistics cooperation and investment across the CAREC region.

The meeting reviewed preparations for the upcoming CAREC Ministerial Conference and Business Forum, to be held in Mongolia on Sept 29-30.

The Business Forum will focus on logistics, energy security, critical minerals, digital connectivity, investment opportunities and private sector collaboration.

Published in Dawn, July 30th, 2026

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