Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Pak-Afghan trade declines to $500m during current FY: Collector Saeed Jadoon

byIrfan Bahadur
07/06/2018
in Latest News, National, Slider News
Share on FacebookShare on Twitter

PESHAWAR: Trade between Pakistan and Afghanistan has declined dramatically due to disturbing political ties and administrative tussles related to commerce.

Collector Customs Muhammad Saeed Jadoon agreed that the trade volume between both countries has decreased and the figures of government are not impressive.

You might also like

Iranian CG, Saigol inaugurate Wall of Iqbal at LCCI

23/09/2026

Chairman FBR meets delegation of tax bar association at LTO Lahore

23/09/2026

“Bilateral trade volume was $1.6 billion during 2014-15, $1.22 billion during 2015-16, $1 billion during 2016-17,” Jadoon said.

The Collector Customs added “this year (trade volume was) $930 million till April 2018,” which clearly shows sharp decline.

“There are several reasons behind the deteriorating Afghan trade, including the imposition of regulatory duty on imports, the return of most of the US and NATO forces from Afghanistan and the Afghanistan-Pak Transit Trade Agreement on which the chamber of commerce was not taken onboard,” said Jadoon

While agreeing about some legitimate concerns, Collector Mohammad Saeed Jadoon said: “Now fresh fruit are allowed to cross the border without quarantine certificates to prevent the food from perishing.”

Along with the issues mentioned above, another one preventing the trade process from taking place seamlessly is the visa policy.

Director of the Pak-Afghan Joint Chamber of Commerce and Industry Ziaul Haq Sarhadi informed Customs Today that the recently launched Web-Based One Customs (WeBoc) system also delays trade from Pakistan.

But additional Collector Customs at Torkham border Ziaullah Shams told that the system brought transparency to trade activities with Afghanistan. “The system has also helped eliminate any ‘gray area’ that may previously have existed,” Shams said.

A Peshawar-based analyst on economy, Riaz Khan Daudzai, said that tax barriers such as duty/levy and non-tax barriers such as geo-political situation have both affected trade with Afghanistan. “India and Iran have capitalized on the poor relations between Pakistan and Afghanistan,” he added.

Related Stories

Iranian CG, Saigol inaugurate Wall of Iqbal at LCCI

byCT Report
23/09/2026

LAHORE: Iranian Consul General Mehran Movahedfar and Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol jointly...

Chairman FBR meets delegation of tax bar association at LTO Lahore

byCT Report
23/09/2026

LAHORE: As part of the initiative undertaken in line with the directives of the Prime Minister, Chairman Federal Board of...

Govt digitizes civil servants’ asset declarations via new FBR Portal

byCT Report
23/09/2026

ISLAMABAD: The federal government recently issued a memorandum to digitize income and asset declarations for senior civil servants. Officers in...

Finance minister advances energy, aviation, healthcare, climate goals at UNGA

byCT Report
23/09/2026

UNITED NATIONS: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held high-level meetings on the sidelines of the 81st...

Next Post

Finance Minister Dr Shamshad directs FBR to achieve Rs3.93tr target

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.