Afghanistan, Pakistan agree on steps for smooth bilateral trade traffic, launching luxury bus service

Author: APP

ISLAMABAD: Pakistan and Afghanistan have agreed on multiple measures to ensure early clearance and free movement of bilateral trade traffic, improve efficiency in goods clearance and launch luxury bus services between the two countries by the end of next month.

The bilateral trade relations were discussed between the authorities of the two countries during the visit of a Pakistani delegation led by Secretary Commerce Muhammad Sualeh Ahmed Faruqui to Kabul from July 18-20.

The visit was meant to discuss mutual actions for enhancing bilateral, trade, transit and connectivity and take necessary trade facilitation measures with a view to addressing the practical problems and impediments being faced by importers, exporters, traders and businessmen from both sides.

The Pakistan delegation included representatives from all relevant ministries and departments relating to economic interaction, trade, transit, commercial exchanges and enhancing facilitation at all border crossing points.

The delegation held meetings with ministers and senior officials of relevant Afghan ministries including Acting Minister of Commerce Nooruddin Azizi, and Acting Minister of Foreign Affairs Amir Khan Muttaqi.

During the discussions, the two sides agreed that during the current financial year, bilateral trade and transit had registered a growth.

They underscored that the momentum needed to be sustained and further strengthened on a mutually beneficial basis.

It was agreed to make border crossing points more efficient to ensure early clearance of trade and transit traffic and address the bottlenecks and impediments on a priority basis.

The two sides agreed to implement a Temporary Admission Document (TAD) allowing free movement of bilateral trade vehicles and preventing loading and unloading of goods at the border crossing points with a view to further increase trade between the two countries.

The relevant authorities of the two sides also agreed to increase operational timings at all crossing points, particularly Torkham, Kharlachi, Ghulam Khan and Chaman/Spin Boldak.

The heads of the customs departments of the two countries agreed to work together and evolve mutually connected custom procedures and systems to improve efficiency in clearance of goods.

The two sides agreed to make all out efforts to launch luxury bus service between Peshawar and Jalalabad and Quetta and Kandahar by end of August this year.

It was also agreed that the difficulties in visa processing would be addressed through mutual coordination.

The two sides also reaffirmed to maintain regular coordination for implementing these understandings and further expand economic cooperation.

Share
Leave a Comment

Recent Posts

  • Top Stories

Senior executives at Mercuria to face investigation by Pakistan’s FIA

Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…

13 hours ago
  • Business

PSX extends bullish trend with gain of 862 points

Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…

13 hours ago
  • Business

PKR depreciates by 3 paisas to 278.24 vs USD

The rupee remained on the back foot against the US dollar in the interbank market…

13 hours ago
  • Business

SECP approves PIA’s scheme of arrangement

The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…

13 hours ago
  • Business

Gold snaps losing streak

Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…

13 hours ago
  • Business

Rs 83.6 billion loaned to young entrepreneurs: Rana Mashhood

Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…

13 hours ago