Pakistan eyes trade corridors with Belarus for access to Central Asia, Europe
Business
Pakistan and Belarus have moved closer to foster stronger trade
ISLAMABAD (Web Desk) - Communications Minister Abdul Aleem Khan on Thursday stressed the importance of creating trade corridors between Pakistan and Belarus, APP reported, noting that they could be instrumental in helping both countries access markets in Central Asia and Europe.
Pakistan and Belarus have moved closer to foster stronger trade and economic cooperation in recent months. Both countries marked 30 years of diplomatic ties last year. Belarus’s prime minister visited Islamabad in October 2024 to meet key Pakistani civilian and military officials to bolster economic cooperation.
Khan arrived in Minsk on an official two-day visit to the country on Thursday. He met Belarusian Minister of Energy Denis Moroz and the country’s Transport Minister Alexei Lyakhnovich, APP reported.
“He emphasised the importance of creating trade corridors between the two countries which could play a key role in facilitating access to Central Asian States through routes in Pakistan, China, Afghanistan, or Iran, ultimately opening up pathways to Eastern Europe,” APP reported.
“Abdul Aleem Khan stated that these infrastructure projects would also be a strategic milestone.”
Khan highlighted the potential for “significant improvement” in the communications sector between both countries during his meeting with Belarusian ministers, APP said.
It said the Pakistani minister is being hosted as a state guest in the eastern European country. He will have the opportunity to sign several new memoranda of understanding (MOUs) during his trip, APP said.
Pakistan and Belarus agreed to boost cooperation in industry, media, tourism and other economic sectors during the eighth session of the Pakistan-Belarus Joint Ministerial Commission on Trade and Economic Cooperation held in February this year.
Islamabad has aggressively pushed for trade and investment ties with regional allies such as China, Saudi Arabia, United Arab Emirates, Central Asian countries and others recently in its bid to escape a prolonged macroeconomic crisis.
Pakistan has signed MoUs worth billions of dollars with businesses and entities in China, Saudi Arabia, UAE, Azerbaijan and other countries since last year to ensure sustainable economic growth driven by increasing exports and financial reforms mandated by the International Monetary Fund (IMF).
