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January 6, 2011

What happened to ATTA?

World

REUTERS
January 6, 2011

The Afghan Transit Trade Agreement was supposed to come into effect on January 1. However, imported goods for Afghanistan from Karachi and Port Qasim are still being transported under the old agreement signed in 1965. The Pakistan Customs has not yet received instructions to implement the new agreement. Neither are the Afghan importers providing bank guarantees to Pakistan Customs, nor is electronic surveillance of all containers bound for Afghanistan being carried out, as required under the new agreement.
Non-implementation of the agreement will mean that the Afghan transit goods will end up in the local markets, causing massive revenue losses to the government.
Shakir Lakhani
Karachi

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