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More exports allowed thru Ghulam Khan border

More exports allowed thru Ghulam Khan border

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Jan 10, 2014 - 13:10

ISLAMABAD (Pajhwok): The Pakistaninfo-icon government, accepting local traders’ demand, has allowed the export of all items to Afghanistaninfo-icon through the northwestern Ghulam Khan border.

The decision was taken at a high level meeting, chaired by Minister for Finance Mohammad Ishaq Dar in Islamabad on Thursday. Participants reviewed Pakistan’s trade with Afghanistan.

The Ghulam Khan route was previously restricted to cement exports alone. The Karachi Chambers of Commerce and Industries chief, supported by the Federal Board of Revenue and the Ministry of Commerce, made the demand.

Dar hoped allowing export of all items through the North Waziristan border town would help develop business in backward areas of Khyber Pakhtunkhwa province and stimulate the growth of exports to Afghanistan.

The meeting also decided payments against exports to Afghanistan would no longer be accepted in the Pakistani rupees and the normal trading regime would apply with effect from March 17.

A two-month grace period was, however, given to let exporters serve existing contracts. Pakistan’s export to Afghanistan during 2012-13 amounted to $2.3 billion.

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