AIRLINK 212.82 Increased By ▲ 3.27 (1.56%)
BOP 10.25 Decreased By ▼ -0.21 (-2.01%)
CNERGY 7.00 Decreased By ▼ -0.35 (-4.76%)
FCCL 33.47 Decreased By ▼ -0.92 (-2.68%)
FFL 17.64 Decreased By ▼ -0.41 (-2.27%)
FLYNG 21.82 Decreased By ▼ -1.10 (-4.8%)
HUBC 129.11 Decreased By ▼ -3.38 (-2.55%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.86 Decreased By ▼ -0.17 (-3.38%)
KOSM 6.93 Decreased By ▼ -0.14 (-1.98%)
MLCF 43.63 Decreased By ▼ -1.57 (-3.47%)
OGDC 212.95 Decreased By ▼ -5.43 (-2.49%)
PACE 7.22 Decreased By ▼ -0.36 (-4.75%)
PAEL 41.17 Decreased By ▼ -0.53 (-1.27%)
PIAHCLA 16.83 Decreased By ▼ -0.47 (-2.72%)
PIBTL 8.63 Increased By ▲ 0.08 (0.94%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 183.03 Decreased By ▼ -6.00 (-3.17%)
PRL 39.63 Decreased By ▼ -2.70 (-6.38%)
PTC 24.73 Decreased By ▼ -0.44 (-1.75%)
SEARL 98.01 Decreased By ▼ -5.95 (-5.72%)
SILK 1.01 Decreased By ▼ -0.02 (-1.94%)
SSGC 41.73 Increased By ▲ 2.49 (6.35%)
SYM 18.86 Decreased By ▼ -0.30 (-1.57%)
TELE 9.00 Decreased By ▼ -0.24 (-2.6%)
TPLP 12.40 Decreased By ▼ -0.70 (-5.34%)
TRG 65.68 Decreased By ▼ -3.50 (-5.06%)
WAVESAPP 10.98 Increased By ▲ 0.26 (2.43%)
WTL 1.79 Increased By ▲ 0.08 (4.68%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,866 Decreased By -213.1 (-1.76%)
BR30 35,697 Decreased By -905.3 (-2.47%)
KSE100 114,148 Decreased By -1904.2 (-1.64%)
KSE30 35,952 Decreased By -625.5 (-1.71%)

Tough conditional ties in Afghanistan-Pakistan Transit Trade Agreement (APTTA) discouraged Afghan traders to transport their goods through Pakistan; diverting 70 per cent business to Bandar Abbas and Chabahar Sea ports of the neighbouring Iran. According to sources in the Ministry of Commerce, the higher authorities of Pakistan had felt the economic loss inflicted on Pakistan in wake of the APTTA and now they had decided to review the agreement and woo the Afghan transit trade back to Pakistan.
An Afghan transit trade related trader told this scribe that Afghan Transit Trade Agreement 1965 was comprised of 15 clauses and only one Protocol while the new agreement known as APTTA has 58 clauses and three Protocols. In previous agreement, the transportation was the mandate of only Pakistan Railways, but the new agreement allowed bonded carriers, which resulted in notorious container scam.
The container scam has rattled not only the government functionaries, but also the business community concerned and the later are holding no other than the new agreement responsible for it, which had opened new lacunas. Furthermore, the tough condition like ban on the transportation of loose cargo under SRO 121 has also discouraged transportation of Afghanistan bound goods through Pakistan. Similarly, part-shipment and de-stuffing are also disallowed and clearing agents are facing severe difficulties in getting bank guarantees.
Though in case of loss to the goods, the bonded carrier should be responsible for payment of compensation, but under the new agreement, the Federal Board of Revenue (FBR) has protected only its own interest and leaving the owner of the good in quandary. In past, Pakistan Railways was used to pay compensation of the losses and the interest of the business community was also secured. The lack of guarantee of the safe transportation is also identified as big reasons behind the diversion of the transit trade to Iran.
The business circles attribute the container scam to the lack of guaranteeing secured transportation of the goods. The scam has plunged about 450 customs clearing and border agents into trouble and they are facing the hardships of proceedings in National Accountability Bureau (NAB). But, the passage of two years, NAB has yet to present proof against any customs clearing or border agent.
In such a situation, the customs clearing, forwarding and border agents from time to time are demanding relief from NAB, FBR authorities and concerned customs collectorates, but in vain. The new agreement, they said had been flopped as Pakistan-Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI), Chaman Chamber of Commerce and Industry (CCCI) and other trade associations have expressed severe reservations on the APTTA. These trade bodies are constantly demanding redressal of the difficulties of Afghan transit trade related business community by the federal government and preparation of mechanism in consultation with chambers for provision of relief to business community.

Copyright Business Recorder, 2014

Comments

Comments are closed.