CAREC Secretariat briefs Commerce Minister Jam Kamal Khan on the facility
The Asian Development Bank (ADB) is expected to approve a Border Connectivity and Logistics Upgrade Facility for Pakistan in the coming weeks, aimed at modernising the country’s border infrastructure and boosting regional trade and connectivity, a delegation from the Central Asia Regional Economic Cooperation (CAREC) Secretariat informed Federal Minister for Commerce Jam Kamal Khan.
The delegation called on the minister and briefed him on regional initiatives aimed at strengthening trade, connectivity, investment and economic integration among CAREC member countries. It noted that Pakistan remains an active participant in the Regional Trade and Investment Facilitation Partnership (CARIF) framework, which is now entering its operational phase to advance trade facilitation, logistics cooperation and investment across the CAREC region.
The meeting reviewed preparations for the upcoming CAREC Ministerial Conference and Business Forum, scheduled to be held in Mongolia on September 29-30, 2026.
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The CAREC Secretariat formally invited Jam Kamal Khan to attend the conference, which is expected to bring together ministers, senior government officials, development partners, international investors and private sector representatives from across the region.
The delegation said the Business Forum would focus on logistics, energy security, critical minerals, digital connectivity, investment opportunities and private sector collaboration. It also shared plans to establish a Regional Chambers Alliance, backed by the ADB, to strengthen business-to-business cooperation among Chambers of Commerce and Industry across CAREC member countries.
Separately, the delegation briefed the minister on an ADB-supported Digital Corridor Study involving Pakistan and other CAREC countries, aimed at enhancing regional digital connectivity.
Jam Kamal Khan appreciated the continued support of CAREC and the ADB in advancing regional economic integration and reaffirmed Pakistan’s commitment to strengthening trade, connectivity and investment cooperation across the region.
Reference Link:- https://profit.pakistantoday.com.pk/2026/07/29/adb-likely-to-approve-border-connectivity-and-logistics-upgrade-facility-for-pakistan-in-coming-weeks