Islamabad July 8 2021: Mr. Abdul Razak Dawood, Advisor to Prime Minister on Commerce and Investment and Mr. Nisar Ahmad Faizi Ghoryani, Afghan Minister for Industry & Commerce, chaired today a virtual ceremony organized for signing of Protocol-VI of APTTA 2010 to extend the agreement for six (06) months beyond June 11 2021.
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The Secretary Commerce of Pakistan and Deputy Commerce Minister of Afghanistan also attended the ceremony. Ambassador of Pakistan alongwith Trade & Investment Counsellor in Kabul represented Government of Pakistan in the ceremony at Ministry of Industry and Commerce, Kabul, says a press release received here today from Kabul.
Pakistan exported goods of USD895 million during the first eleven months of this fiscal year against exports of USD807 million during the same period last year, showing an increase of 11 percent. Pakistan’s imports since July recorded at a mere USD164 million against imports of USD119 million during the same period last year, showing stellar growth of 37 percent on Year on Year basis. State Bank of Pakistan
The extension was essential to facilitate uninterrupted flow of transit trade between the two countries and to provide sufficient time to technical teams to conclude negotiations on the new APTTA 2021. The Ministers appreciated the work of technical teams for the progress attained so far in the negotiations. They directed the technical teams to forge consensus on the outstanding issues in the new APTTA 2021, to ensure its conclusion, signing and notification at the earliest for the benefit of trade, transit, investment and connectivity between the two brotherly countries.
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Exports to Afghanistan forms approximately four percent of Pakistan’s total exports
The Ministers also agreed to meet in Kabul on the sidelines of 9th APTTCA meeting to push forward the negotiations on APTTA 2021 and also to hold business & investment conference in August, 2021.
