Pak, Iran and Turkey agree to run container rail
Islamabad (PTI): Pakistan, Iran and Turkey have agreed to run a container rail linking Islamabad, Tehran and Istanbul and a demonstration run will take place on August 14, Foreign Minister Shah Mahmood Qureshi has said.
The decision to launch the train service was approved at a meeting of the Council of Ministers of the Economic Cooperation Organisation held in Tehran on Monday.
The decision is a "major development" for promoting trade and economic cooperation in the region", Qureshi told reporters.
Qureshi travelled to participate in the meeting of the Council of Ministers ahead of the ECO Summit to be held on Wednesday.
He stressed the need for a regional approach and increased cooperation to tackle terrorism and extremism.
"With the world looking at Afghanistan and Pakistan, a regional approach is required to tackle the challenges of terrorism and militancy," he said.
The ECO Summit is being held against the backdrop of the deepening global financial crisis. The Council of Ministers endorsed a proposal to establish a working group to study the implications of the crisis and suggest corrective measures.
It approved Pakistanís call to expedite the implementation of the ECO Trade Agreement to increase intra-regional trade.