{"id":12390,"date":"2024-12-29T03:47:14","date_gmt":"2024-12-29T03:47:14","guid":{"rendered":"https:\/\/gsrra.com\/?p=12390"},"modified":"2024-12-29T03:47:15","modified_gmt":"2024-12-29T03:47:15","slug":"pakistan-opens-multimodal-trade-route-linking-china-to-uae","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=12390","title":{"rendered":"Pakistan opens multimodal trade route linking China to UAE"},"content":{"rendered":"\n

Through this route cargo will take 10 days to reach Dubai, significantly reducing 30-day transit time of the sea route<\/em><\/strong><\/p>\n\n\n\n

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In a landmark development, Pakistan\u2019s National Logistics Corporation (NLC) has commenced its first multimodal Transports Internationaux Routiers (TIR) operation, creating a trade corridor linking China to the United Arab Emirates (UAE) via the Khunjerab Pass.<\/p>\n\n\n\n

Officials have hailed the move as a \u201cgood omen\u201d for the nation\u2019s trade and logistics sectors. The TIR system is a global customs transit framework that facilitates seamless cross-border trade by minimising customs interference.<\/p>\n\n\n\n

NLC trucks transported electronic equipment from Kashgar, China, to Dubai\u2019s Jebel Ali Port via Pakistan. The cargo will take 10 days to reach Dubai, significantly reducing the 30-day transit time of the sea route.<\/p>\n\n\n\n

\u201cThis achievement signifies a major leap forward in the operationalisation of the China-Pakistan Economic Corridor (CPEC),\u201d NLC said in a statement, adding that the initiative highlights the year-round utility of the Khunjerab Pass for regional trade.<\/p>\n\n\n\n

The Khunjerab Pass, at over 4,600 metres above sea level, has previously only facilitated bilateral trade. It connects Pakistan\u2019s Gilgit-Baltistan region with China\u2019s Xinjiang province, serving as a critical gateway for South Asia-Europe trade.<\/p>\n\n\n\n

The first TIR operation included a ceremony at Sost Dry Port, the initial stop for the shipment, before its journey continued toward Karachi for the sea leg.<\/p>\n\n\n\n

Local traders and leaders welcomed the initiative. Imran Ali, a former president of the Gilgit-Baltistan Chamber of Commerce, called the development a \u201cgood omen for Pakistan\u2019s economy,\u201d saying it would boost regional trade and benefit local communities.<\/p>\n\n\n\n

Muhammad Iqbal, president of the Gilgit-Baltistan Importers and Exporters Association, said the project could \u201cchange the fate of the country,\u201d improving local economic conditions and generating revenue.<\/p>\n\n\n\n

Customs officials reported a record Rs9.5 billion ($34.87 million) in revenue collected at the Sost Dry Port in the first half of the fiscal year 2024-25, up from Rs6.5 billion ($23.4 million) in the same period last year. Anti-smuggling efforts also yielded confiscated goods worth Rs600 million ($2.16 million).<\/p>\n\n\n\n

Experts view the initiative as a step towards transforming Pakistan into a major regional trade hub while boosting economic activities in Gilgit-Baltistan and Gwadar.<\/p>\n\n\n\n

Reference Link:- https:\/\/tribune.com.pk\/story\/2518762\/pakistan-launches-multimodal-trade-route-linking-china-to-uae-via-khunjerab-pass<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Through this route cargo will take 10 days to reach Dubai, significantly reducing 30-day transit time of the sea route In a landmark development, Pakistan\u2019s National Logistics Corporation (NLC) has commenced its first multimodal Transports Internationaux Routiers (TIR) operation, creating a trade corridor linking China to the United Arab Emirates (UAE) via the Khunjerab Pass. […]<\/p>\n","protected":false},"author":1,"featured_media":12391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[282,29,9141,424,132,105,9146,9142,9143,36,9140,9145,9144,1004],"class_list":["post-12390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-bri","tag-china","tag-china-pakistan-uae","tag-cpec-2","tag-economy","tag-geopolitics-2","tag-multi-model-transportation","tag-national-logistics-corporation","tag-nlc","tag-pakistan","tag-pakistan-opens-multimodal-trade-route-linking-china-to-uae","tag-tir","tag-transport-internationaux-routiers","tag-uae"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/12390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12390"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/12390\/revisions"}],"predecessor-version":[{"id":12392,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/12390\/revisions\/12392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/12391"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}