Four trucks loaded with yarn arrive from Uzbekistan

Published November 4, 2021
Commerce Adviser Abdul Razak Dawood  (L-4) and National Security Adviser Moeed Yusuf (L-3) along with an Uzbek delegation visit Torkham on Wednesday. — PID
Commerce Adviser Abdul Razak Dawood (L-4) and National Security Adviser Moeed Yusuf (L-3) along with an Uzbek delegation visit Torkham on Wednesday. — PID

ISLAMABAD: The first-ever consignment of trucks from Uzbekistan under an Convention on the International Transport of Goods for traffic-in-transit of goods across the border has reached Pakistan via the Torkham border.

Commerce Adviser Abdul Razak Dawood and National Security Adviser Moeed Yusuf received four trucks loaded with yarn. Security officials from both countries were present on the occasion.

“This is a continuation of the government’s efforts to strengthen regional coordination,” Mr Dawood said, adding that Pakistan would further strengthen trade ties with Central Asian States and Uzbekistan.

A similar consignment from Pakistan has already reached Uzbekistan via the Torkham border.

To speed up trade under the convention, the Customs department has developed a robust system for joining paperless regime and integrating sea to the journey by road in order to tap maximum potential of traffic-in-transit of goods across the border.

The Customs estimates with inherent advantages of 80 per cent shorter and 38pc cheaper trade routes the development of road-sea multimodal TIR module and implementation of digital TIR will result in a sharp increase of imports, exports and transit through Pakistan under TIR regime.

A senior customs official told Dawn that a procedure was developed for integrating sea to the journey by road and was sent to the International Road Union (IRU) — another body of TIR regime for vetting. The IRU approved the procedure on August 17.

Published in Dawn, November 4th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Counterterrorism plan
Updated 23 Nov, 2024

Counterterrorism plan

Lacunae in our counterterrorism efforts need to be plugged quickly.
Bullish stock market
23 Nov, 2024

Bullish stock market

NORMALLY, stock markets rise gradually. In recent months, however, Pakistan’s stock market has soared to one ...
Political misstep
23 Nov, 2024

Political misstep

FORMER first lady Bushra Bibi’s video address to PTI followers has triggered a firestorm. Her assertion implying...
Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...