SAARC Chamber hails Pak-Afghan Transit Trade Accord extension

ISLAMABAD: SAARC Chamber of Commerce and Industry Wednesday hailing the Pak-Afghan Transit Trade Accord extension said it would help uninterrupted flow of trade activities between two Muslim neighbouring countries.

In a press statement, President SAARC chamber Iftikhar Ali Malik said that the decision to extend the agreement was mainly aimed at preventing any disruption in trade and transit affairs between the both countries whereas it would also help buy time to further discuss the proposed amendments in the agreement.

He said Pakistan’s clear vision for trade and economic relations with Afghanistan and Central Asian Republics (CARs) was to make Pakistan a hub for trade, transit and shipment.

He further explained that Pakistan trade was based on the secure, open, consistent, reliable and legal movement of goods at the Afghan boarder along with enhanced connectivity with Afghanistan and CAR’s, he added. He said it’s good omen that both sides expressed satisfaction with the extension of the agreement and decided that technical teams of either countries would conclude the revised accord soon.

Iftikhar Ali Malik said that over the last decade, a total of 832, 819 containers of Afghan transit trade carrying goods valued $33 billion had passed through Pakistan which totalled 30 percent of Afghan transit trade cargo whereas remaining crossed through Iran, Uzbekistan and Tajikistan.

Concluding he said Pakistan always attached great importance to Afghanistan and played significant key role for durable peace in the region.

He said SAARC chamber had established special cell to facilitate the Afghan traders, importers, exporters and private sector.