ISLAMABAD: The federal government, with the financial assistance of the Asian Development Bank (ADB), has embarked on a flagship project titled “Integrated Transit Trade Management System”, under which three state-of-the-art border complexes would be established at the border posts of Torkham, Chaman and Wagah. The objective of the project is to facilitate trade with neighbouring countries without compromising on the security issues.
In order to review the progress of the project, a meeting was convened by the Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan at FBR Headquarters Islamabad. Member Customs Muhammad Zahid Khokhar also attended the meeting.
Country Director of the Asian Development Bank Ms Xiaohong Yang was also present. The Project Director of the project of FBR Dr. Zubair Yusafani gave detailed presentation, explaining background, objective, overview and progress of the project till date.
The Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan clarified that there shall be no deviation from overall objective of the project, which is to maximize facilitation to legitimate trade and passenger movement by reducing the dwell time, eliminating bottlenecks and improving procedures, without compromising on regulatory controls and security.
He also emphasized that FBR should ensure completing of the project within stipulated timeframe. It is pertinent to mention here that Asian Development Bank has provide $ 500 million for this project.
