Pakistan interested in expanding business ties with Turkmenistan

Business Materials 10 January 2020 17:42 (UTC +04:00)
Pakistan interested in expanding business ties with Turkmenistan

ASHGABAT, Turkmenistan, Jan. 10

By Huseyn Hasanov– Trend:

Pakistan is interested in expanding business partnership with Turkmenistan, Chairman of the Senate of Pakistan Muhammad Sadiq Sanjrani said at a meeting with the Ambassador of Turkmenistan Atajan Movlamov, Trend reports with reference to Associated Press of Pakistan.

Sanjrani drew attention to enhancing bilateral cooperation in trade, transport, industry, agriculture and other sectors.

The chairman of the Pakistani Senate also touched upon the need to expand regional ties for trade and multilateral cooperation between Pakistan and Central Asia.

According to Sanjrani, Pakistan's Gwadar seaport provides the shortest way for trade and economic activity of the landlocked Central Asian states.

He also expressed interest in establishing air links with Turkmenistan.

Turkmenistan and Pakistan actively cooperate in promoting multifaceted transport and energy projects, including gas pipeline construction of Turkmenistan-Afghanistan-Pakistan-India (TAPI), power lines and fiber optic communication on route Turkmenistan-Afghanistan-Pakistan (TAP), said in a statement.

Since 1996, the National Bank of Pakistan, which has a full banking license, has been operating in Turkmenistan. As noted, opening of the bank's Ashgabat branch meets the aspirations of Pakistan’s government to strengthen economic and trade relations between two countries, as well as giving impetus to the promotion of the TAPI gas pipeline project.