Pakistan, Turkmenistan agree to enhance bilateral economic ties

Pakistan, Turkmenistan agree to enhance bilateral economic ties
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Foreign Minister Shah Mehmood Qureshi says Pakistan will further enhance economic and trade relations with Turkmenistan.

He was addressing a joint press conference with Minister of Foreign Affairs of Turkmenistan Rashid Meredov in Islamabad, after delegation level talks between the two sides.

The Foreign Minister said both the countries have agreed to promote Pakistan-Turkmenistan Business Forum.

He said it was also discussed to form a working group for oil and gas exploration.

Shah Mehmood Qureshi said the most exciting development was the Turkmenistan-Afghanistan-Pakistan-India gas pipeline.

He said the linking of Gwadar and Turkmenistan and areas related to energy corridor were discussed.

The Foreign Minister said October 2019 has been finalized as the timeline to begin the construction work on the project and the plan is to complete the first phase by 2022.

The Turkmen Foreign Minister said he held constructive talks with Pakistani leadership in diverse fields.   

Earlier, Shah Mehmood Qureshi and his Turkmen counterpart led their respective delegations at the Second Round of Pakistan-Turkmenistan Bilateral Political Consultations in Islamabad.

The two sides agreed to enhance bilateral economic relations through joint ventures in mutually identified areas particularly agriculture, textile, livestock and IT sectors.

They also emphasized the need for specific measures to ensure greater connectivity through road, rail and air linkages in order to promote trade, tourism and people to people contact between the two countries.

Pakistan