Pak-China links: Logistics complex construction to facilitate trade

The project covers an area of about 58 hectares southwest to the county


APP April 02, 2016
PHOTO: REUTERS

KARACHI:


Construction on a logistics complex that will deepen bilateral trade between China and Pakistan began in Tashkurghan Tajik Autonomous County in Xinjiang on Friday.


According to the local government, the project covers an area of about 58 hectares southwest to the county and will use up a total investment of 3 billion yuan ($464 million). The first stage of the three-stage project includes an Internet service administration centre, a cross-border ecommerce enterprise incubator, and a modern warehousing and logistic centre.


In the meantime, a comprehensive transportation system, especially for cross-border cold-chain logistics, will be further developed. RMB settlement will be introduced as well, reports China official news agency - Xinhua. Further stages will see the completion of a commodity exhibition centre, manufacturing and assembly factories, hotels, entertainment facilities and vehicle maintenance station. 

Published in The Express Tribune, April 3rd, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS (2)

Aleem | 4 years ago | Reply A fantastic move will create jobs and financial benefits to both countries.
Parvez | 5 years ago | Reply Logical and good move......if made to work would benefit many.
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ