BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.16 Decreased By ▼ -0.05 (-0.96%)
BML 56.60 Decreased By ▼ -0.90 (-1.57%)
BOP 33.82 Decreased By ▼ -0.21 (-0.62%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.07 Decreased By ▼ -1.63 (-2.98%)
FFL 16.58 Decreased By ▼ -0.11 (-0.66%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.27 Decreased By ▼ -0.13 (-1.76%)
KOSM 5.73 Decreased By ▼ -0.04 (-0.69%)
LOTCHEM 29.55 Increased By ▲ 0.23 (0.78%)
MLCF 92.90 Decreased By ▼ -1.46 (-1.55%)
NBP 202.00 Decreased By ▼ -1.05 (-0.52%)
NCPL 56.84 Decreased By ▼ -0.16 (-0.28%)
NPL 66.62 Decreased By ▼ -1.08 (-1.6%)
OGDC 318.98 Increased By ▲ 3.14 (0.99%)
PACE 10.55 Decreased By ▼ -0.09 (-0.85%)
PAEL 42.31 Decreased By ▼ -0.89 (-2.06%)
PIBTL 16.39 Decreased By ▼ -0.35 (-2.09%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 51.20 Increased By ▲ 2.01 (4.09%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 26.96 Decreased By ▼ -1.29 (-4.57%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 17.99 Decreased By ▼ -0.25 (-1.37%)
TPLP 13.44 Increased By ▲ 0.17 (1.28%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 59.48 Decreased By ▼ -0.66 (-1.1%)
By

ISLAMABAD: In a major move, the government has granted a temporary waiver of Electronic Import Form (EIF) for Afghanistan in order to facilitate trade activities.

This was decided during the meeting of Afghanistan Inter-Ministerial Coordination Cell (AICC) chaired by National Security Advisor, Dr. Moeed Yusuf. The meeting was attended by Pakistan’s Special envoy to Afghanistan, Mohammad Sadiq and representatives from Foreign Office, Ministry of Interior, Ministry of Commerce, FBR, and FIA.

The waiver, initially granted for 45 days, comes as compliance with the directions of the Prime Minister Imran Khan to assist Afghanistan in addressing the impending humanitarian and economic crisis.

As EIFs were not being issued by the corresponding banks to execute transactions for imports, this had led to a situation with long queues of cargo vehicles being stuck at Torkham and Chaman border crossings.

However, now with the introduction of the new measures, imports from Afghanistan would be possible without the mandatory requirement of Electronic Import Form (EIF) as required by the State Bank of Pakistan.

The new initiative comes as a huge relief for the trader community and would help in immediate clearance of hundreds of cargo trucks currently stuck up at various border crossings due to non-availability of EIF. It will also enhance the overall trade volume between the two countries.

Comments

Comments are closed for this article.