https://sputniknews.in/20240202/kazakhstan-invited-to-leverage-sifc-framework-pakistani-ambassador-6422716.html
Kazakhstan Invited to Leverage SIFC Framework: Pakistani Ambassador
Kazakhstan Invited to Leverage SIFC Framework: Pakistani Ambassador
Sputnik India
Pakistan continues to seek to develop its connections with Kazakhstan through a variety of avenues, according to Pakistan's ambassador to Kazakhstan, Nauman Bashir Bhatti, who insisted that "the two sides are already working towards this end."
2024-02-02T17:22+0530
2024-02-02T17:22+0530
2024-02-02T18:45+0530
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Kazakhstan has been requested to take advantage of the favorable investment opportunities that Pakistan is offering under the framework of the Special Investment Facilitation Council (SIFC), according to Pakistan's ambassador to Kazakhstan, Nauman Bashir Bhatti, on Friday, media reports.The envoy emphasized Pakistan's advantageous location by pointing out that his nation offered Kazakhstan's shortest path to the Arabian Sea, “Pakistan remains keen to strengthen its connectivity with Kazakhstan in multiple ways and through multiple channels. The two sides are already working towards this end.”He concurred that the Karakoram Highway, which passes through China and Kyrgyzstan, was the most direct and affordable path for connecting and transporting products between Pakistan and Kazakhstan.It is the most cost-effective, reliable, and safest route, according to Ambassador Nauman. Unfortunately, because of the Khunjerab Pass's four-month winter shutdown, the path is currently unusable.“It will not only boost Pakistan’s connectivity with China but also with Kazakhstan. Therefore, we need to work towards making the QTTA more effective”, the Ambassador highlighted.
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Kazakhstan Invited to Leverage SIFC Framework: Pakistani Ambassador
17:22 02.02.2024 (Updated: 18:45 02.02.2024) Pakistan continues to seek to develop its connections with Kazakhstan through a variety of avenues, according to Pakistan's ambassador to Kazakhstan, Nauman Bashir Bhatti, who insisted that "the two sides are already working towards this end."
Kazakhstan has been requested to take advantage of the favorable investment opportunities that Pakistan is offering under the framework of the Special Investment Facilitation Council (SIFC), according to Pakistan's ambassador to Kazakhstan, Nauman Bashir Bhatti, on Friday, media reports.
“I must highlight that Pakistan has established a SIFC and has opened priority sectors for investments. We have invited Kazakhstan to benefit from the favourable investment opportunities offered under the SIFC framework,” the Ambassador said.
The envoy emphasized Pakistan's advantageous location by pointing out that his nation offered Kazakhstan's shortest path to the Arabian Sea, “Pakistan remains keen to strengthen its connectivity with Kazakhstan in
multiple ways and through multiple channels. The two sides are already working towards this end.”
He concurred that the Karakoram Highway, which passes through China and Kyrgyzstan, was the most direct and affordable path for connecting and transporting products
between Pakistan and Kazakhstan.“It is also known as the Quadrilateral Traffic in Transit Agreement between Pakistan, China, Kazakhstan, and Kyrgyzstan or the QTTA Route. Goods can be transported through this route on trucks and containers directly from Karachi, Pakistan, to Almaty, Kazakhstan, and back, without the need to change trucks”, the Ambassador noted.
It is the most
cost-effective, reliable, and safest route, according to Ambassador Nauman. Unfortunately, because of the Khunjerab Pass's four-month winter shutdown, the path is currently unusable.
As part of the China-Pakistan Economic Corridor (CPEC), he noted that China and Pakistan had just decided to work together to maintain the Karakoram Highway operational throughout the year.
“It will not only boost
Pakistan’s connectivity with China but also with Kazakhstan. Therefore, we need to work towards making the QTTA more effective”, the Ambassador highlighted.
