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

Published
4
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

Conundrum
Updated 08 Oct, 2026

Conundrum

The two sides came close to a breakthrough in the last round. It is hoped that they can cross the finish line on their second attempt.
Gaza’s torment
08 Oct, 2026

Gaza’s torment

THREE years since the Oct 7 Hamas attacks on Israel, the people of Gaza continue to face a nightmarish existence....
The healthy-food gap
08 Oct, 2026

The healthy-food gap

PAKISTAN’S nutrition problem is usually blamed on poverty, poor eating habits or lack of awareness. But according...
Saudi deployment
Updated 07 Oct, 2026

Saudi deployment

The country values its deep ties with Saudi Arabia and should do all it can to protect the kingdom from external aggression.
Housing policy
07 Oct, 2026

Housing policy

THE government has finally launched the national housing policy in collaboration with UN Habitat, marking the first...
Manchhar in peril
07 Oct, 2026

Manchhar in peril

MANCHHAR lake is filling up, but for families who live around it, that has brought little relief. Pakistan’s...