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References in periodicals archive ?
The chamber Vice president, Haris Mufti, Industrialist Association Hayatabad president, Zarak Khan Khattak, SVP Ayub Zarkori, former APTMA provincial president and SCCI president, Afan Aziz, Haripur Chamber of Commerce and Industry president Attaur Rehman, former president Haji Mohammad Afzal, traders, SCCI executive body members, industrialists, traders and people attached with Afghan transit Trade business were present during the press conference.
Talking mediamen, senior custom clearance agent and the leader of afghan transit trade union at Torkham Gulab Khan Shinwari said that the empty trucks of afghan transit trade were taking some 20 to 25 days to be cleared on Afghan side to enter Pakistan.
Despite this, the Pakistani ports of Karachi and Gwadar are still the most economical routes for Afghan transit trade. This has been confirmed by business leaders in both countries.
Also the PAJCCI report confirms Afghan transit trade through Pakistan has declined mostly because of security bottlenecks and under the table costs and "unnecessary delays" by Pakistani customs.
KABUL (PAN): The Khyber Pakhtunkhwa government has decided to impose one percent tax on Afghan transit trade goods under its annual budget that has been approved by the provincial cabinet.
Transit to Afghanistan through Pakistan is broadly governed by the 1965 Afghan Transit Trade Agreement, which specifies the port, route, transport modes and customs transit procedure.
The government has reduced withholding tax to 1% from 3.5% on all local supplies made by the textile, carpets, leather, sports and surgical goods sectors in a bid to make them competitive against influx of smuggled goods under the garb of Afghan transit trade.
On Wednesday, the Federal Tax Ombudsman submitted a comprehensive report regarding fraud in the garb of Afghan Transit Trade, which testified that over 50,000 transit containers carrying Afghan trade goods had been pilfered inside Pakistan.
Black tea is also imported under Afghan Transit Trade (ATT) and despite the fact that its consumption is very low among Afghan people when compared with green tea, the import of black tea under ATT has shown a considerable increase over the last few years and a large quantity of black tea imported under ATT finds its way back into Pakistan through illegal channels.
PESHAWAR, July 24 -- The provincial government has expressed its resentment to the federal government over the new Afghan Transit Trade Agreement (ATTA), sources told this news agency on Friday.
The long-standing Afghan Transit Trade Agreement already allows Afghan companies to import goods duty-free via Pakistani ports.
Electronics, raw materials and automobile tires, for example, are believed to be smuggled into Pakistan under the Afghan transit trade.
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