Islamabad, (TDI): The Memorandum of Understanding (MoU) between Gwadar and Turkmenbashi ports, under the China-Pakistan Economic Corridor (CPEC), is expected to significantly boost Pakistan’s logistics sector by establishing new trade routes with Central Asia.
The development is particularly promising for Secure Logistics Group (SLGL), which, with its newly acquired TIR (Transports Internationaux Routiers) license, stands ready to expand its logistics services across the region, according to experts.
Turkmenistan is set to become the first Central Asian nation to access the Gwadar Port under CPEC as both countries are about to sign a deal in this regard.
Pakistan and Turkmenistan are already venturing multiple joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions – South and Central Asia.
Experts said that SLGL’s positioning in the market is set to improve, particularly on high-revenue long-haul routes.
Read Also: High Level Chinese Delegation Visits Gwadar
For instance, a round trip from Karachi to Tashkent generates approximately PKR 2.3-2.4 million (around USD 8,000), which is nearly double the earnings of two Karachi-Islamabad trips.
This new agreement is anticipated to further cement SLGL’s role in regional trade, taking advantage of the ongoing CPEC infrastructure developments.
Read Also: Pakistan and China reaffirms commitment to CPEC
With this enhanced access, SLGL is likely to benefit from strategic partnerships in cross-border logistics, ultimately contributing to improved gross margins and overall profitability for the company.
