(19 Feb, 2018)
President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday said that recent India – Oman pact for strategically located Duqm port is alarming for Pakistani Policy Makers. India will get access to the Red Sea through Gulf of Eden via Duqm Port located at the northern east corner of the Indian Ocean.
The veteran business leader while talking to the business community said Indian Navy will use the Duqm port for logistics support and will have the facility to use a dry-dock for vessels maintenance. The pact highly favors Indian trade across the World in addition to its Military benefits.
Mian Zahid Hussain said similar pact has been officialism between Iran and India through which India can get access to Chabahar port of Iran for trade activities. India in addition to strengthen its defense also takes serious measures for trade promoting across the region. Pakistan on the other hand has the CPEC project which is highly admired by investors and the Nation.
The former minister said that Government and Policy makers should take steps for early completion of the valued CPEC project and also start looking for new trade agreements with the neighboring countries especially Iran, Afghanistan and the Gulf. India is increasing its economical presence in Afghanistan in focus to land access to European markets through the Central Asian countries via Afghanistan.
Pakistan can compete with Indian’s treacherous objectives and can stop Indian’s superiority in the region through political stability of the Country and to increase foreign investment through better policy being attractive for foreign investors.
As a Nation we should realize that freedom, stability and strong defense is possible only if the economy of our Country is stable and to gain economical stability we need to eliminate political instability for which we need to work on every forum. CPEC should be extended to the Central Asian countries so that Pakistan can get easy access to the international markets.