ICAP Proposes Anti-Smuggling Measures for Afghan Transit Trade
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called for stricter measures to address rampant smuggling plaguing the Afghan Transit Trade (ATT).
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called for stricter measures to address rampant smuggling plaguing the Afghan Transit Trade (ATT).
Karachi, November 25, 2023 – Pakistan has declared a relaxation period for Afghan transit goods, alleviating some of the conditions previously imposed, including the requirement for bank guarantees.
Karachi, October 7, 2023 – In a bid to enhance security measures and curb pilferage of Afghan transit goods on Pakistani soil, Pakistan has initiated the process of collecting bank guarantees for goods intended for Afghan transit trade.
Karachi, October 4, 2023 – Pakistan has expanded its negative list to prohibit certain goods imported by Afghanistan under transit arrangements, in a move aimed at curbing smuggling and preventing the misuse of transit facilities,
Karachi, October 4, 2023 – The Pakistan Customs authorities have announced the commencement of physical inspections of Afghan transit goods as they pass through the country’s major trade routes.
Karachi, October 3, 2023 – In a bid to bolster customs security and ensure compliance with customs procedures, Pakistan has introduced a new system of bank guarantees for Afghan transit trade goods.
ISLAMABAD: The Federal Board of Revenue (FBR) has notified procedure for issuance of temporary admission document (TAD) under Afghan Transit Trade. The FBR issued SRO 802(I)/2022 to amend Customs Rules, 2001 by inserting new rule 482A. In March 2022, Pakistan and Afghanistan implemented movement of transit and bilateral trade through TAD for commercial vehicles. Under […]
KARACHI: State Bank of Pakistan (SBP) on Monday relaxed conditions of the Foreign Exchange Manual to facilitate Afghan Transit Trade in the wake of prevailing conditions in the neighboring country. The central bank issued a circular to relax the conditions. The SBP through Foreign Exchange Circular No. 07 dated August 05, 2021 in terms of […]
ISLAMABAD: Pakistan and Afghanistan on Thursday signed a protocol to extend the existing transit trade agreement of 2010 for six months beyond May 11, 2021. The extension was essential to facilitate uninterrupted flow of transit trade between the two countries and to provide sufficient time to technical teams to conclude negotiations on the new APTTA […]
ISLAMABAD: A preferential trade agreement (PTA) between Pakistan and Afghanistan will be finalized by end of next month, Adviser to Prime Minister on Commerce on Investment, Abdul Razak Dawood said on Monday.