Pakistan to get ADB-backed border logistics upgrade facility soon
MG News | July 29, 2026 at 11:52 AM GMT+05:00
July 29, 2026 (MLN): Pakistan is set to benefit from an Asian Development
Bank (ADB)-backed Border Connectivity and Logistics Upgrade Facility, expected
to be approved in the coming weeks to support modernization of the country's
border infrastructure and enhance regional trade and connectivity.
The update was shared by a delegation from the Central Asia Regional
Economic Cooperation (CAREC) Secretariat, which called on Federal Minister for
Commerce Jam Kamal Khan and briefed him on key regional initiatives aimed at
strengthening trade, connectivity, investment and economic integration among
CAREC member countries.
The delegation informed the Minister that Pakistan remains an active
participant in implementing the Regional Trade and Investment Facilitation
Partnership (CARIF) framework, which is entering its operational phase to
promote trade facilitation, logistics cooperation and investment across the
CAREC region.
The meeting also reviewed preparations for the upcoming CAREC Ministerial
Conference and Business Forum, to be held in Mongolia on September 29-30, 2026,
with the Secretariat formally inviting the Minister to attend, said a press
release issued.
The conference is expected to bring together ministers, senior government
officials, development partners, international investors and private sector
representatives from across the CAREC region, with the Business Forum focused
on logistics, energy security, critical minerals, digital connectivity,
investment opportunities and private sector collaboration.
The delegation further shared plans to establish a Regional Chambers
Alliance to strengthen business-to-business cooperation among Chambers of
Commerce and Industry across the CAREC region, with support from the ADB, and
briefed the Minister on an ADB-supported Digital Corridor Study involving
Pakistan and other CAREC member countries aimed at enhancing regional digital
connectivity.
Jam Kamal Khan appreciated the continued support of CAREC and the ADB in
promoting regional economic integration and reaffirmed Pakistan's commitment to
strengthening regional trade, connectivity and investment cooperation.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 176,279.34 119.93M | -0.76% -1344.55 |
| ALLSHR | 106,669.05 362.79M | -0.75% -803.22 |
| KSE30 | 52,718.84 42.73M | -0.78% -412.72 |
| KMI30 | 248,951.37 57.29M | -0.74% -1863.56 |
| KMIALLSHR | 68,429.26 171.76M | -0.79% -542.24 |
| BKTi | 50,205.46 10.21M | -1.11% -564.01 |
| OGTi | 34,678.93 2.03M | -0.91% -320.19 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,480.00 | 64,515.00 63,520.00 | 610.00 0.96% |
| BRENT CRUDE | 87.09 | 88.13 86.35 | 3.00 3.57% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.50 -0.47% |
| ROTTERDAM COAL MONTHLY | 120.00 | 0.00 0.00 | 0.25 0.21% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 82.11 | 83.30 79.92 | 2.85 3.60% |
| SUGAR #11 WORLD | 14.60 | 14.61 14.57 | 0.05 0.34% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Business Confidence Survey