Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Uncategorized

Afghan President sees country as transit hub

byCustoms Today Report
31/03/2015
in Uncategorized
Share on FacebookShare on Twitter

KABUL: Afghan President, Ashraf Ghani, wants Afghanistan to be the transit hub for connecting South Asia, East Asia and West Asia.

Addressing the New York-based Council on Foreign Relations, President Ghani spoke of his development plans for Afghanistan and said, “Our goal is to become a transit country for transport, power transmissions, gas pipelines and fiber optics.”

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

“In the next 25 years, Asia is going to become the world’s largest continental economy,” Ghani stressed. “What happened in the U.S. in 1869 when the continental railroad was integrated is very likely to happen in Asia in the next 25 years. Without Afghanistan, Central Asia, South Asia, East Asia and West Asia will not be connected.

His plans require a robust rail network in order to create economies of scale. He hoped for Afghanistan to have 70% of its imports and exports via the Caspian.

His remarks about turning war-torn Afghanistan into a transit country followed after he secured a commitment from the Whitehouse to slow down the process of troops’ withdrawal from Afghanistan.

The transport sector accounted for 22% of Afghanistan’s gross domestic product (GDP) during the US occupation. The sector has been crippled ever since foreign funds have dried down.

The Asian Development Bank (ADB) has been a major contributor to the development of Afghanistan’s infrastructure system. To date under the Central Asia Regional Economic Cooperation (CAREC) program, 2.6 billion dollars have been invested in transport, trade, and energy projects, of which 15 are ongoing and 10 have been completed.

The ADB has invested USD 1.2bn in Afghanistan for roads, railways and airport projects.

In the transport sector, six projects are ongoing and eight projects have been completed, including the 75-km railway project connecting Hairatan bordering Uzbekistan and Mazar-e-Sharif.

Tags: Asian Development Bank (ADB)Central Asia Regional Economic Cooperation (CAREC) programfiber opticsForeign Relationstransit hub

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

2200MW projects: K2, K3 nuclear plants to generate cheapest electricity, says Dar

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.