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World Bank underlines real progress on SAFTA

World Bank underlines real progress on SAFTA

Dec 06, 2018 - 09:58

PESHAWAR (Pajhwok): The Worldinfo-icon Bank has underlined the need for efforts to achieve real progress on the South Asia Free Trade Agreement (SAFTA).

In a report released on Wednesday, the World Bank called for multi-pronged effort to remove non-tariff barriers, focusing on information flows, procedures and infrastructure.

Connectivity was a key enabler for robust regional cooperation and integration in South Asia, said the report “Glass Half Full: Promise of Regional Trade in South Asia.”

Trust promoted trade and trade fostered trust, interdependency and constituencies for peace, the author of the document, Sanjay Kathuria, told reporters in Islamabad.

Pakistaninfo-icon had least air connectivity with South Asian countries, especially Afghanistaninfo-icon and India, he said. Pakistan had only six weekly flights with each of the two neighbours.

Compared to this, India has 147 weekly flights with Sri Lanka, followed by 67 with Bangladesh, 32 with the Maldives, 71 with Nepal, 22 with Afghanistan and 23 with Bhutan.



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