Asia Edition
Shoaib Ahmed Basra, president of the Sargodha Chamber of Commerce & Industry, has highlighted the fact that citrus consignments are currently being held in Afghanistan. Some 150 containers of 35 tons each are stranded in Afghanistan and the produce inside will probably rot, resulting in huge losses to traders, farmers and the national treasury while increasing shortages in Afghanistan and price increase for consumers.
Briefing a delegation of Pakistan and Afghanistan Joint Chamber of Commerce and Industry (PAJCCI), he also gave recommendation to sign FTA with Afghanistan as the trade balance is 80 percent whereas FTA with China is already resulting in devastating effect on Pakistan economy.
He strongly suggested that Afghanistan must rationalize the tariff and give clear access to CARs, whereas Pakistan side should give priority clearance to perishable items, trading in PKR, encourage barter trade, resume Cash on Counter policy for supporting both the economies.
Source: brecorder.com
