The National Logistics Company (NLC) has marked a significant achievement by effectively transporting the initial shipment of goods to Kyrgyzstan through China using the Transport International Aux Rotaire (TIR) system.
This successful endeavor not only establishes a novel trade route connecting Pakistan to Central Asian nations but also creates valuable connections with Russia and Eastern Europe.
The activation of the TIR system, combined with the China-Pakistan Economic Corridor (CPEC), holds the promise of fostering greater stability in trade between China and Pakistan. This enhanced stability is anticipated to have positive ripple effects on the overall economic landscape of Pakistan.
This ambitious project has already demonstrated its economic impact by generating savings of $2.5 million in trade, achieved through the facilitation of approximately 1000 trucks on a daily basis.
The success of this alternative trade route is poised to pave the way for further expansion of Pakistan’s international trade ventures. As a result, Pakistan is positioning itself as a crucial player in both regional and global trade dynamics.
Beyond the economic implications, the newfound success in trade connectivity is likely to elevate Pakistan’s status as a regional and global trade hub. The strategic alignment of the TIR system with the CPEC initiative not only ensures the efficient transportation of goods but also enhances the competitiveness of Pakistan’s trade network on the international stage.
This milestone achieved by the NLC signifies not just a successful logistical operation but a transformative development that has the potential to bring economic stability, foster regional partnerships, and elevate Pakistan’s standing as an active participant in the global trade arena.
The successful implementation of alternative and efficient trade routes is a positive step toward realizing Pakistan’s ambition of becoming a key player in the global trade landscape.