PESHAWAR -- The Business community demanded the removal of hurdles to PakAfghan transit trade
and urged the authorities concerned to take pragmatic measures to resolve them amicably.
PESHAWAR -- The members of business community have highlighted the problems and obstacles impeding the Pak-Afghan transit trade
, and urged the authorities concerned to take pragmatic measures to amicably resolve it.
He said that during the visit of President of Afghanistan, Muhammad Ashraf Ghani both sides discussed the issues of bilateral transit trade
and the two sides also expressed willingness to increase the volume of bilateral trade.
Karachi -- Directorate General of Transit Trade
has seized large number of Indian origin consignments mis-declared as 'White Crystalline Sugar', destined to be consumed in Afghanistan, as the sugar was expired and unfit for human consumption.
Pakistan's provision of transit trade
facilities to Afghanistan was first formalised under the Afghanistan Transit Trade
Agreement (ATTA) signed in 1965.
Islamabad -- Pakistan is likely to impose ban on Indian exports under transit trade
in the name of inspection of goods.
The resumption of trade will ease political tensions and increase bilateral trade which presently has been mixed amid a new deal signed in 2010 to strengthen trade relations and facilitate Afghan transit trade
through Pakistan as both sides of the border complaining of continued barriers to exchange.
During the meeting, Pakistan voiced concerns over a sudden fall in bilateral trade, whilst the Afghan delegated requested the country to permit transit trade
between Afghanistan and India.
KARACHI -- Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has asked the Ministry of Commerce to facilitate early holding of a meeting of the Afghanistan-Pakistan Transit Trade
Coordination Authority (APTTCA).
In a statement here Tuesday, he said India's policy to facilitate and incentivize its traders by helping pay their travel expenses, subsidizing air freight, and investing $500 million in developing transit trade
route to Iran has greatly helped it to get a stronghold of Afghan market.
He said that smuggled goods through the borders of Afghanistan, Iran China, India and the Afghan Transit Trade
form a chunk of the informal economy volume of which ranges between 50 to 60 percent of the formal economy.
Peshawar-Torkham Expressway - a gateway to Central Asia will leverage the Afghan-Pakistan Transit Trade
Agreement (APTTA) signed in 2010, and will facilitate access to potential new regional markets.