Pakistan Border Trade

[ghazi52]

.,.,

 

[ghazi52]

,.,.

Afghanistan, Iran, Russia: Country outlines process for barter trade​

• Govt tries to manage balance of payments crisis amid record inflation

Reuters
June 3, 2023

KARACHI: Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday.

Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is desperately trying to manage a balance of payments crisis and curb inflation after it hit a record of nearly 38% last month.

The government order, called the Business-to-business (B2B) Barter Trade Mechanism 2023 and dated June 1, lists goods that can be bartered. State and privately owned entities would need approval to participate in the trade mechanism.

 

[ghazi52]

,..,.,

First truck of Russian goods arrives in Pakistan​

The Express Tribune
Jul 10, 2023

ISLAMABAD: The first truck carrying export goods from Russia has successfully arrived in Pakistan, marking an important milestone under the Transport International Routes (TIR) Convention.

The road transport agreement between Pakistan and Russia holds great importance in the current geographical and economic context, according to Federal Minister of Communications Asad Mehmood. He highlighted the agreement’s potential as a catalyst for boosting Pakistan’s economy and facilitating expanded trade.

The Russian Embassy confirmed the successful arrival of goods from Russia under the TIR Convention, signalling a positive trajectory in Pakistan-Russia trade. By May 2023, trade between the two countries had witnessed a nearly 50% increase, surpassing $760 million. This milestone represents a crucial step toward strengthening mutual cooperation.

Mehmood reiterated the significance of the road transport agreement between Pakistan and Russia, which was signed during his visit to Moscow in November 2022.

 

[ghazi52]

.,.,.

 

[ghazi52]

.,.,.

Afghan Taliban criticises closure of main border crossing with Pakistan​

Reuters

KABUL: The Afghan Taliban criticised the closure of its main border crossing with Pakistan this week after clashes between security forces, saying the halt in trade would see heavy losses for businesses.

The busy Torkham border crossing closed on Wednesday after Pakistani and Afghan Taliban forces started firing at each other, according to local officials.

“The Islamic Emirate of Afghanistan deems the closure of Torkham gate and opening of fire on Afghan security forces by the Pakistani side contrary to good neighbourliness,” Taliban administration’s Ministry of Foreign Affairs said in a statement late on Saturday.

The statement said the incident had started after Pakistani security forces fired at Afghan Taliban forces fixing an old security outpost near the border.

Pakistan’s foreign office did not immediately respond to request for comment.

Hundreds of trucks laden with goods have been halted and traders have complained that trade is affected.

“The closure of Torkham gate can adversely affect bilateral and regional trade, and cause trade and financial losses to common mercantile class on both sides,” the statement said, adding many travellers were also stuck on each side of the border.

The Torkham border point is the main point of transit for travellers and goods between Pakistan and landlocked Afghanistan.

Disputes linked to the 2,600 km (1,615 mile) border have been a bone of contention between the neighbours for decades.

Pakistan has been facing issues of its own, and recently saw its army chief vowing to uplift the economy through targeted action on smuggling and tax evasion.

 

[ghazi52]

.,.,

Pakistan concerned about 'misuse' of transit trade deal with Afghanistan: FO​

• FO Spokesperson Mumtaz Zahra Baloch says Pakistan will contact Afghan authorities to resolve the problem

 

[ghazi52]

.,.,.,

Need for erecting more gates on Taftan border crossing discussed​

Recorder
September 16, 2023