KARACHI: Mian Nasser Hyatt Maggo, President FPCCI, has demanded that State Bank of Pakistan (SBP) should allow customs department to enable exporters to Afghanistan conduct their trade transactions under ‘Firm Contract’. Currently, exporters to Afghanistan are only allowed to trade on advanced payment basis, he added.

He reiterated that, few months back, during FPCCI delegation’s visit to SBP and meeting with the State Bank Governor, this issue was raised and an agreement was reached in principle to allow exports to Afghanistan under Firm Contract. However, customs department is still displaying its inability to allow such arrangements; as it maintains that SBP is yet to issue a formal notification in this regard.

Copyright Business Recorder, 2021