- Completion of TAPI to bring multiple benefits to Pakistan's economy: Turkmenistan Ambassador
Completion Of TAPI To Bring Multiple Benefits To Pakistan's Economy: Turkmenistan Ambassador
Sumaira FH 2 months ago Tue 02nd February 2021 | 07:20 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 2nd Feb, 2021 ) :Ambassador of Turkmenistan to Pakistan Atadjan Movlamov here on Tuesday said that his country possessed the world's 2nd largest gas reserves and was ready to provide 3000 MW electricity to Pakistan.
The electricity would cost Pakistan almost half of its current energy price helping its industry to achieve better growth, he added while giving a presentation to the business community at Islamabad Chamber of Commerce and Industry (ICCI) on potential areas of bilateral cooperation between Turkmenistan and Pakistan.
He identified 1840-km TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline, 1635 Km optic fibre line and power transmission line as potential areas of strong cooperation between Turkmenistan and Pakistan and added that materialization of these mega project would bring multiple benefits to the economy of Pakistan. He said that Turkmenistan would start construction of the TAPI gas pipeline this year up to the Herat Province of Afghanistan.
Atadjan Movlamov said that Turkmenistan was waiting for the visit of Pakistani business community after the COVID-19 pandemic to explore new avenues of bilateral cooperation between the two countries.
He said that Afghanistan provided the shortest trade route to Pakistan for Turkmenistan and establishment of peace in Afghanistan would enable both countries to promote bilateral trade up to their actual potential.
Speaking at the occasion, ICCI President Sardar Yasir Ilyas Khan said that current level of bilateral trade between Pakistan and Turkmenistan was much less than the potential of both countries, therefore, both should focus on developing strong business linkages between their private sectors to improve bilateral trade.