Pakistan-China Trade Restored, Khunjerab Bypass Opened After Three Years
Pakistan-China Trade Restored, Khunjerab Bypass Opened After Three Years
After three years of closure, trade and travel between China and Pakistan will resume from Monday, with the Khunjerab Bypass opening today.
According to Express News, the authorities of China and Pakistan have completed all arrangements to reopen the Khunjerab Pass Corridor for the resumption of CPEC activities and bilateral trade, after which CPEC projects and bilateral trade have once again picked up pace. will
Under an agreement, the two countries conduct trade and transit activities through the Khunjerab Pass throughout the year from April 1 to November 30. Under the agreement, a daily bus departs from the Swast Valley border point of Gilgit-Baltistan to Xinjiang region of China.
Why Khunjerab Bypass Was Closed?
Under the framework of the China Pakistan Economic Corridor (CPEC), the arrangement was in full swing since November 2016, but was closed in November 2019 for the corridor and trade and travel arrangements.
The reason for this closure was the Corona epidemic. Thousands of people became unemployed due to this shutdown. An estimated 70 percent of the local population depends on trade and transportation activities through the Khunjerab Pass.