Four trucks loaded with yarn arrive from Uzbekistan

Published November 4, 2021
Commerce Adviser Abdul Razak Dawood  (L-4) and National Security Adviser Moeed Yusuf (L-3) along with an Uzbek delegation visit Torkham on Wednesday. — PID
Commerce Adviser Abdul Razak Dawood (L-4) and National Security Adviser Moeed Yusuf (L-3) along with an Uzbek delegation visit Torkham on Wednesday. — PID

ISLAMABAD: The first-ever consignment of trucks from Uzbekistan under an Convention on the International Transport of Goods for traffic-in-transit of goods across the border has reached Pakistan via the Torkham border.

Commerce Adviser Abdul Razak Dawood and National Security Adviser Moeed Yusuf received four trucks loaded with yarn. Security officials from both countries were present on the occasion.

“This is a continuation of the government’s efforts to strengthen regional coordination,” Mr Dawood said, adding that Pakistan would further strengthen trade ties with Central Asian States and Uzbekistan.

A similar consignment from Pakistan has already reached Uzbekistan via the Torkham border.

To speed up trade under the convention, the Customs department has developed a robust system for joining paperless regime and integrating sea to the journey by road in order to tap maximum potential of traffic-in-transit of goods across the border.

The Customs estimates with inherent advantages of 80 per cent shorter and 38pc cheaper trade routes the development of road-sea multimodal TIR module and implementation of digital TIR will result in a sharp increase of imports, exports and transit through Pakistan under TIR regime.

A senior customs official told Dawn that a procedure was developed for integrating sea to the journey by road and was sent to the International Road Union (IRU) — another body of TIR regime for vetting. The IRU approved the procedure on August 17.

Published in Dawn, November 4th, 2021

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

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...