AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

Businessmen have opposed the proposal to allow Afghanistan to import goods from India via Wagah-Attari border, what they called it as contradictory to Pak-Afghan Transit Trade Agreement and against interest of local industries, which could create uncompetitive environment for Pakistani products in market.

"The mutual Pak-Afghan transit trade agreement was a bilateral and not a trilateral as per WTO rules, so the proposal couldn't workable and unfeasible," said Shahid Hussain, Acting President of Sarhad Chamber of Commerce and Industry while addressing at a meeting regarding proposed amendments in the Afghan Transit Trade Agreement (ATTA), which was held under auspices of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) here at the chamber house on Wednesday.

SCCI Vice President, Abdul Jalil Jan, PAJCCI Senior Vice President Khalid Shehzad, Director Joint Chamber Naumul Haq, former SVP PAJCCI Ziaul Haq Sarhadi, WCCI President Rukhsana Nadir, PAJCCI Secretary General Faiza, Director Khyber Chamber Syed Jawad Hussain, honorary Consul General of Tajikistan, Said Mehmood, Syed Ali Hammad, Syed M Zubair, Tufail Gurwara, Farooq Ahmad, Imtiaz Ahmad Ali, Ammar Ansari and Gul Rehman.

Shahid Hussain said that if the Afghanistan was allowed to import goods from India via Wagah border then Pakistani products could not be remained competitive in market that will ultimately damage local industries.

SCCI chief urged the government to allow transportation of loose cargo to give further boost to Pak-Afghan transit trade. While expressing concerns over imposition of Axle Load Regime by government, Shahid Hussain said the business community is being faced with financial losses due to its enforcement and urged the government to immediate withdraw the regime and to ensure equal implementation of all relevant laws.

He urged the government and the State Bank of Pakistan to clear rebate of business community on head security and demurrage and called for bringing easiness in system to avoid traders and exporters from financial losses.

Copyright Business Recorder, 2020

Comments

Comments are closed.