Pak-Afghan chamber sees new trade opportunities

PESHAWAR: The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has welcomed the first official visit of Deputy Prime Minister and Foreign Minister Ishaq Dar to Afghanistan, calling it a moment in strengthening bilateral relations, security and trade between the two nations.

In a press statement issued on Monday, the chamber’s Senior Vice President Ziaul Haq Sarhadi expressed optimism that this engagement would foster enhanced cooperation in critical areas, including trade, transit, security and people-to-people ties.

“This visit underscores a shared commitment to mutual prosperity and long-term partnership,” he added.Sarhadi said the chamber remained dedicated to supporting initiatives that drive sustainable growth and connectivity between Pakistan and Afghanistan.

He highlighted the significance of both nations reaffirming their commitment to stronger bilateral relations during the visit. Sarhadi particularly welcomed the deputy PM’s announcement of a new transit track and trade system, set to be launched on June 30, which would streamline Afghan transit goods and reduce logistical bottlenecks.

“The new system will ease bilateral trade and lower costs,” he hoped and also lauded Pakistan’s decision to allow two additional companies to join the National Logistics Cell in transporting Afghan goods, promoting healthy competition and cost efficiency.

He praised the approval of insurance guarantees for transit goods, a long-standing demand of traders.“Moving forward, A++ insurance company guarantees will replace traditional bank guarantees, simplifying the process for businesses,” he explained.

Another key development is the introduction of cross-stuffing, enabling the transfer of goods between containers, which will commence on June 30, starting with 500 consignments monthly, or sooner if feasible.

Sarhadi expressed confidence that the agreements reached during Dar’s visit would boost regional cooperation, enhance security and unlock new trade opportunities, solidifying the bond between the two neighbouring brotherly nations.