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Friday, January 27, 2023

The Pakistan Logistics Market is growing owing to CPEC investment, Pakistan Vision 2025 and industrial parks a - openPR

Last updated Thursday, December 29, 2022 13:05 ET , Source: TopWireNews

Press release
Focus on Modernization and Expansion, Private sector participation and regional connectivity Are Major Factor Contributing towards development of Logistics Market in Pakistan.
China-Pakistan Economic Corridors (CPEC): Pakistan's alignment for efficient delivery of cargo to Central Asia, Eurasia, the Commonwealth of Independent States (CIS) countries, the Middle East, the Islamic Republic of Afghanistan, the Islamic Republic of Iran, and India gives it great leverage as a land transit country. The CPEC will not only benefit Pakistan and China, but will also have a positive impact on the region. The relationship will result in enhanced regional connectivity through improved road, rail and air infrastructure.
Logistics as a pillar of growth for Pakistan's exports: Logistics is the turning wheel behind any country's economy to help enter the global supply chain industry, which is rapidly digitalizing and creating a new generation of consumers. Moreover, it plays an even larger role in countries that enjoy a geostrategic advantage such as Pakistan. This sector is becoming one of the most important accelerators of trade and industry in developing and developed countries. Specifically, an efficient supply chain network has the potential to increase rural income manifold, which can lead to a multiplier effect on the overall economy.
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