Pakistan-ADB Transit

Transit Corridor

Central Asia Regional Economic Cooperation (CAREC)

Regional

CAREC is an Asian Development Bank (ADB) initiative, aimed at fostering transit transport facilitation in the Central Asian region through a multi-faceted strategy. Pakistan is part of the CAREC transit initiative.

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CAREC Initiative

ADB Report

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Central Asia Regional Economic Cooperation (CAREC)

Regional

CAREC is an Asian Development Bank (ADB) initiative, aimed at fostering transit transport facilitation in the Central Asian region through a multi-faceted strategy. Pakistan is part of the CAREC transit initiative.

Download

The Central Asia Regional Economic Cooperation, or CAREC, Program is a partnership of 10 countries (Afghanistan, Azerbaijan, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, People's Republic of China, Tajikistan, Turkmenistan and Uzbekistan), supported by 6 multilateral institutions, working together to promote development through cooperation, leading to accelerated growth and poverty reduction.

With the rapid economic expansion of the People's Republic of China and Japan to the east, the Russian Federation to the north, and Pakistan to the south, there is unprecedented opportunity for CAREC countries to emerge as a center of trade and commerce, achieve higher levels of economic growth, and reduce poverty.

Pakistan’s participation in CAREC is set to provide the country an additional opportunity to access Central Asia and other countries besides developing its energy, trade, and transportation systems, since CAREC envisages developing key road and rail routes linking Central Asia to China and South Asia between now and 2020 to realize the huge trade potential between the three regions.

The plan, endorsed by the CAREC ministers at the twelfth meeting in Astana, Kazakhstan, involves road, rail, logistics, and border facilities projects in priority corridors and requires an investment of $38.8 billion in the coming seven years.

Pakistan offers considerable appeal as a transit route for CAREC countries through its cluster of ports and transportation infrastructure. 

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