Kerry Logistics has extended its foothold in Pakistan by forming a new subsidiary to tap into trade and opportunities on the China-Pakistan Economic Corridor (CPEC).
The subsidiary provides air and ocean freight, cross-border road freight to Afghanistan and China, project logistics and inland trucking services through its offices in Karachi and Lahore.
Kerry Logistics managing director – South and Southeast Asia, Robert Tan says: “We are extremely excited about the economic development of Pakistan in the past five years. Kerry Logistics is committed to developing an overland transportation network for road, rail and intermodal freight services in Asia.
“Riding on the immense opportunities brought on by the establishment of the CPEC, we will leverage our extensive international freight forwarding network and expertise in rail and road freight to provide end-to-end and cost-effective multimodal solutions for customers across the region.”
Proposed by the Chinese government in May 2013, CPEC, a major pilot scheme of the Belt and Road initiative is a multi-billion infrastructure development plan to link China with markets in Central and South Asia, and open new trade and transport routes across Asia.
CPEC will create a 3,000 kilometre economic corridor via roads, railways and oil and gas pipelines running from Kashgar, Xinjiang in Northwest China to Gwadar Port in Southern Pakistan.
