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Pakistan can resolve energy crisis

Atadjan Movlamov, ambassador of Turkmenistan to Pakistan, on Thursday said that Pakistan can resolve its energy crisis by expediting work on Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, according to a statement. Turkmenistan is extending its railways and power network to Afghanistan, which can offer new opportunities to Pakistan boost its transit trade business and cope with the power shortfall, he said.

Talking to Haji Ghulam Kadir Sherani, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Iftikhar Ali Malik, vice president of Saarc Chamber, Haroon Rashid, vice president of the FPCCI, Malik Sohail, chairman media of the FPCCI, Hina Mansab and others, Movlamov said that concerns about security challenges to TAPI gas pipeline are baseless as the Afghan government will get eight percent of the revenue, while all stakeholders there favour this mega project.

Turkmenistan is holding more road shows on 1,420 millimetres diameter TAPI after holding three in London, New York and Singapore with the help of the Asian Development Bank (ADB) to attract investors, he said. The ambassador invited the FPCCI to participate in a grand business forum being held in Asghabat in November to explore opportunities. “We are interested in holding Pakistan Business Forum and single country exhibition to boost bilateral trade,” he said, adding that Pakistan and Turkmenistan will soon hold three separate meetings of the working groups on energy, agriculture and trade.

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