ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday allowed entry of Azerbaijan’s registered vehicles transporting transit and bilateral trade cargo into Pakistan.
The FBR on Thursday issued SRO 25(I)/2025 to notify Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024 for processing of transit trade cargo through the specified ports under Customs Computerized System, to and from Azerbaijan.
It will cover Azerbaijan’s cargo imported through Karachi Port, Port Muhammad Bin Qasim and Gwadar Port and Azerbaijan’s cargo to other countries through Karachi Port, Port Muhammad Bin Qasim and Gwadar Port.
The rules revealed that Azerbaijan’s registered vehicles holding valid permits and being utilized for the transport of transit and bilateral trade cargo shall enter Pakistan without the requirement of submission of any financial security for the duty and taxes leviable on the vehicle, on the basis of reciprocity, as agreed by the two Contracting Parties (Azerbaijan and Pakistan).
Trade cargo: Govt opens borders to registered Azeri vehicles
The rules said that all transport operators and Customs clearing agents handling transit goods shall be required to open, and maintain a “Revolving Insurance Guarantee PD Account” with Customs.
Under the new rules, Directorate General Reforms and Automation, Karachi shall generate one or more user IDs.
The foreign entities i.e., traders, government organizations, United Nations (UN) or Diplomatic Missions shall complete the requisite registration proforma which shall be submitted in the Customs Computerized System by the relevant Ministry of Azerbaijan electronically.
The vehicles transporting transit and bilateral goods shall be licensed by the competent authorities of the Contracting Parties as transport operator authorized to conduct international transportation.
Every vehicle while exiting or entering Pakistan shall carry valid permit issued by the competent authority on the prescribed format.
The Directorate of Transit Trade, Peshawar, Quetta and Gwadar shall be authorized to issue and regulate permits at their respective land border Customs stations, the FBR added.
Copyright Business Recorder, 2025
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