A-PM-CI floats idea of formalising informal Pak-Afghan trade

By Staff Reporter
Wednesday – November 18, 2020
ISLAMABAD: The adviser to prime minister on commerce and investment (A-PM-CI) Abdul Razak Dawood led an official delegation to Afghanistan from November 16-17, 2020, for discussion on bilateral trade, Afghanistan-Pakistan Transit Trade Agreement (APTTA), preferential trade agreement (PTA) and investment-related matters between the two countries.

According to a press release, the visit was preceded by last month’s visit by Afghanistan’s acting industry and commerce minister (A-ICM) Nisar Ahmad Ghoriani, to Pakistan where he conveyed the special invitation of Afghan president Ashraf Ghani to visit Kabul this month.

A-PM-CI Dawood met a number of dignitaries representing a cross section of Afghan government.

He called on Afghan president Ghani and discussed wide range of issues pertaining to trade and economic integration.

A-PM-CI Dawood met Afghanistan’s high council for national reconciliation (HCNR) chairman Abdullah Abdullah and thanked him for his support.

He called on Da Afghanistan Wolesi Jirga (WJ) — Afghan parliament’s lower house — speaker and Da Afghan Bank governor.

The 7th meeting of the Afghanistan Pakistan Transit Trade Cooperation Authority (APTTCA) was held in Kabul after a break of more than four years.

During the official talks, extensive and fruitful deliberations were held on the whole spectrum of bilateral trade and investment relations including formalising of the informal cross-border trade.

A-PM-CI Dawood hoped that the visit will mark the beginning of a new era of trade and investment cooperation between the two countries, the visit will lead to integration of the two economies and move the bilateral trade to a more formal and documented arrangement.

This deepening of trade and investment relations between the two countries will also enhance trade, Pakistan’s exports to Afghanistan and beyond, to the central Asian countries, he mentioned.

Apart from A-PM-CI Dawood, the delegation included high-level officials from the commerce and maritime ministries, federal board of revenue (FBR) customs and the State Bank of Pakistan (SBP).