Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Loss-making chemical maker in Pakistan pegs revival hopes on BMR – Markets

July 22, 2025

BYD outsells Tesla in Hong Kong EV market as mainland firms eye global expansion

July 22, 2025

Alibaba upgrades flagship Qwen3 model to outperform OpenAI, DeepSeek in maths, coding

July 22, 2025
Facebook X (Twitter) Instagram
Tuesday, July 22
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Resumption of direct flights to improve trade: Nepali envoy – Business & Finance
Economist Intelligence

Resumption of direct flights to improve trade: Nepali envoy – Business & Finance

adminBy adminApril 22, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 39


LAHORE: The Ambassador of Nepal to Pakistan Ms Rita Dhital has said that the resumption of direct flights between Nepal and major Pakistani cities like Karachi and Islamabad will serve as a catalyst for strengthening bilateral trade, economic cooperation and tourism exchange between the two friendly nations.

She expressed these views during meeting with LCCI President Mian Abuzar Shad at the Lahore Chamber of Commerce and Industry. LCCI Executive Committee Members Ahsan Shahid, Karamat Ali Awan and Irfan Qureshi were also present on the occasion.

The Ambassador said that direct air connectivity plays a pivotal role in reducing logistical barriers and building people-to-people linkages, which in turn enhance business opportunities and regional understanding. The revival of direct flights between Kathmandu and cities like Karachi and Islamabad will not only make travel easier but will also give a substantial boost to commercial and cultural ties.

She proposed that a high-level trade delegation from Pakistan should visit Nepal to explore the diverse range of trade and investment opportunities available there. Such exchanges will help the business communities of both sides understand each other’s markets and regulatory environments, paving the way for deeper cooperation.

Highlighting the strong cultural affinity between the two nations, Ms. Rita Dhital said that Pakistan and Nepal share rich historical traditions, mutual respect and longstanding friendship dating back to the 1960s.

She said that both countries can benefit immensely from joint ventures in a wide range of sectors, particularly pharmaceuticals, information technology, education, tourism and agriculture.

“There is immense untapped potential for academic linkages and exchange programs between our institutions. Similarly, our pharmaceutical sectors can engage in technology transfer, manufacturing collaborations and product development to address regional health needs,” she added.

The Ambassador said that regional cooperation must be revived with a renewed focus on connectivity and economic integration. Nepal, being a landlocked country deeply understands the importance of robust regional partnerships for sustainable growth.

LCCI President Mian Abuzar Shad, while welcoming the Ambassador, said that Pakistan and Nepal, as members of SAARC, have enjoyed friendly relations since the 1960s. He highlighted LCCI’s consistent stance in promoting regional peace by strengthening trade and economic relations among SAARC member countries.

“Nepal, being a landlocked country situated between China and India, understands the significance of regional trade more than others,” said Mian Abuzar Shad. “Nepal’s import-oriented economy is heavily reliant on its neighbors, with imports valued at $10.4 billion compared to exports of just $1.2 billion in 2023. India and China accounted for nearly 70% and 17% respectively of Nepal’s total imports.”

He stressed that while this dependence leaves limited space for other countries to capture a fair share in Nepal’s trade, Pakistan can still find opportunities by adopting innovative strategies to identify and tap into potential areas of cooperation.

Despite decades of good relations, trade volume between Pakistan and Nepal remained limited to $3.1 million during 2023-24. However, Mian Abuzar Shad pointed out a positive development in the first nine months of 2024-25, with Pakistan’s exports to Nepal reaching $1.9 million and imports at $1.4 million.

“There is still a long way to go, but this positive momentum should be further built upon,” he said. “Nepal imported products such as rice ($207 million), pharmaceuticals ($205 million), coal ($133 million), dried vegetables ($107 million), corn ($105 million), fruits ($100 million) and motorcycles ($87 million) in 2023. Pakistan can supply these products at highly competitive rates, potentially increasing bilateral trade to triple figures.”

He emphasized the importance of establishing strong linkages between business support organizations, particularly chambers of commerce from both countries. “Private-to-private sector contacts must be encouraged to bridge the communication gap and motivate business communities on both sides to actively pursue trade ties,” he added.

President Abuzar Shad further proposed the improvement of banking channels, initiation of direct flights, organization of trade delegations and holding of single-country exhibitions as practical steps to open new avenues for bilateral trade between Pakistan and Nepal.

Copyright Business Recorder, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Loss-making chemical maker in Pakistan pegs revival hopes on BMR – Markets

July 22, 2025
Economist Intelligence

PFA, PDA join hands to uplift dairy sector – Business & Finance

July 22, 2025
Economist Intelligence

Accountants can thrive in AI-dominated workplace: ACCA report – Business & Finance

July 22, 2025
Economist Intelligence

January-June CY25: Mohtasib provides Rs822.25m relief to banking customers – Business & Finance

July 22, 2025
Economist Intelligence

Minister, Australian HC discuss cooperation in energy sector – Business & Finance

July 22, 2025
Economist Intelligence

REAP opposes additional 2pc tax on exporters – Business & Finance

July 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Loss-making chemical maker in Pakistan pegs revival hopes on BMR – Markets

July 22, 2025

CCP continued robust advocacy drive during 2024-25 – Business & Finance

July 22, 2025

PFA, PDA join hands to uplift dairy sector – Business & Finance

July 22, 2025

Accountants can thrive in AI-dominated workplace: ACCA report – Business & Finance

July 22, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Loss-making chemical maker in Pakistan pegs revival hopes on BMR – Markets
  • BYD outsells Tesla in Hong Kong EV market as mainland firms eye global expansion
  • Alibaba upgrades flagship Qwen3 model to outperform OpenAI, DeepSeek in maths, coding
  • investors await Fed chair Powell’s speech
  • China warns souvenirs from overseas could spy on citizens and leak state secrets

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Loss-making chemical maker in Pakistan pegs revival hopes on BMR – Markets

July 22, 2025

BYD outsells Tesla in Hong Kong EV market as mainland firms eye global expansion

July 22, 2025

Alibaba upgrades flagship Qwen3 model to outperform OpenAI, DeepSeek in maths, coding

July 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.