Islamabad, Kabul give three-month extension to transit trade agreement

Published April 2, 2021
A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country.  — AP/file
A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country. — AP/file

ISLAMABAD: A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country.

Both countries have already exchanged drafts for the revision of the APTTA, which is yet to be finalised. Both sides expressed satisfaction over the extension of the agreement and decided that technical teams from the two countries would conclude the revised agreement soon.

Adviser to the Prime Minister on Commerce and Investment Razak Dawood and Afghan Minister of Industry and Commerce Nisar Ahmad Ghoriyani signed the protocol on behalf of their respective countries.

The signing ceremony was held via video link simultaneously in Kabul and Islamabad. Commerce Secretary of Pakistan Sualeh Ahmad Faruqui was present on the occasion. Representatives of both embassies in the two capitals also attended the signing ceremony.

According to an official announcement, Mr Dawood said that trade and economic relations with Afghanistan and Central Asian Republics (CARs) would make Pakistan a hub for trade, transit and transshipment.

“Our trade must be based on secure, open, consistent, reliable and legal movement of goods at the Afghan border along with enhanced connectivity with Afghanistan and CARs,” he said.

Mr Dawood said that this was a long-term vision and through “our current engagement with Afghanistan and Uzbekistan, Pakistan is laying down the foundation for its implementation”. “This will ensure that Pakistan leverages its geo-economic location in the region to enhance its international trade. Our discussions with Afghanistan and Uzbekistan are a step in this direction,” the adviser to the PM said.

Meanwhile, in a meeting with Afghan Ambassador Najeebullah Ali Khel, Speaker of National Assembly Asad Qaiser said that peace in Afghanistan was imperative for regional economic development and connectivity.

He said that peace would ensure prosperity in Afghanistan and the region, adding that that Pakistan would stand firm with an indigenous Afghan-owned peace process.

During the meeting, Pak-Afghan relations and the political situation in the region and issues of mutual interest also came under discussion.

Published in Dawn, April 2nd, 2021

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Khuzdar atrocity
22 May, 2025

Khuzdar atrocity

NO cause can justify the murder of innocent non-combatants, particularly children. That is why Wednesday’s suicide...
Budget and climate
22 May, 2025

Budget and climate

THE government’s plan to present a climate-focused budget for the next fiscal year is a paradigm shift in national...
Justice for Noor
22 May, 2025

Justice for Noor

THE death penalty awarded to Zahir Jaffar for the brutal killing of Noor Mukadam in 2021 has been upheld by the...
Gaza’s horror
Updated 21 May, 2025

Gaza’s horror

The quickest way to stop the bloodshed would be for the US to immediately halt all military and financial aid to Israel.
Climate planning
21 May, 2025

Climate planning

ALTHOUGH the effects of climate change manifest themselves throughout the year, they seem particularly more...
Failed auction
21 May, 2025

Failed auction

THE poor response to the government’s bid to sell three redundant thermal power plants indicates the investors’...