Pakistan-Uzbekistan Transit Trade Marks Historic Launch
Fahad Shabbir (@FahadShabbir) Published May 12, 2021 | 04:31 PM
Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad
ISLAMABAD, (UrduPoint / Pakistan Point News - 12th May, 2021 ) :Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad.
According to the Press Release from Ministry of Commerce, the Embassy of Uzbekistan in Pakistan together with Pakistani transport company "Best Trans Pvt. Ltd." and Uzbek freight forwarding company "Asad Trans" for the first time implemented pilot trans-Afghan logistics project for the direct delivery of Uzbek export goods to Pakistan through the territory of Afghanistan.
The project launched as the joint action of the Embassy of Uzbekistan in Islamabad with the support of the Ministry of Commerce of Pakistan, the partners of "Asad Trans" and "Best Trans Pvt. Ltd." since January of this year began working on a project for direct delivery through Afghanistan of Uzbek goods to Pakistani cities according to the "supplier's warehouse - importer's warehouse" scheme.
According to Press relase ,the implementation of the specified transit transportation of Uzbek goods is the implementation of trans-Afghan transport and logistics projects initiated by the President of Uzbekistan.
Successful implementation of the project provides to significantly reduce of the cost of transportation of Uzbek goods, including shipping at Uzbek-Afghan border, and subsequently at Afghan-Pakistani border in accordance with TIR CARNET Convention dated on 1975, members of which are Uzbekistan, Afghanistan and Pakistan, release said.
On May 11 of this year a cargo vehicle with Uzbek license plates safely crossed the Afghan transit route in two days and reached the Torkham checkpoint in Peshawar.
After the completion of customs clearance, the truck will reach the importer in Faisalabad.
The vehicle transports from Uzbekistan processed leather products (wet blue) for Pakistani leather factories. Further, have been planned regular direct delivery of Uzbek export goods (coal, mineral fertilizers and textiles) to the Pakistani cities Lahore, Karachi, Taxila and Faisalabad.
Partners of "Best Trans Pvt. Ltd." and "Asad Trans" are planning to increase the number of freight vehicles up to 50 units by the end of the year to ensure the smooth circulation of goods by Uzbek trucks.
According to the chairman of "Best Trans Pvt. Ltd." Ramiz Rabbani, the entry of the first Uzbek truck into the territory of Pakistan is a historical event, since before that, in the Uzbek-Pakistani economic relations, the delivery of Uzbek export goods directly to Pakistan through the freight transport of the Republic of Uzbekistan was not implemented.
According to him, the expected signing between Uzbekistan and Pakistan of intergovernmental agreements on preferential and transit trade will be an impetus for the development of inter regional freight circulation through the trans-Afghan route.
Related Topics
Recent Stories
London, Frankfurt stocks hit record highs on rate-cut hopes
May 9 culprits must be brought to logical end: Hanif Abbasi
Sanchez escapes through dust and gravel for nervy Giro triumph
Balochistan Assembly passes resolution to condemn May 9 attacks
Spain govt vows to block hostile BBVA bid for rival bank
NADRA holds open court to resolve public issues in Quetta
In south Brazil, race on to deliver aid ahead of new storms
Appeals against cipher case verdict adjourned till May 15
PIPS collaborates with CfP to enhance technological, educational infrastructure
China launches new satellite
Incidents of misbehavior with patrolling officers are unacceptable: IG NH&MP
Police arrests drug supplier, recover mainpuri
More Stories From Business
-
Spain govt vows to block hostile BBVA bid for rival bank
1 hour ago -
Tajir Dost Scheme aims at broadening tax-base: Federal Minister for Finance and Revenue, Muhammad Au ..
1 hour ago -
ICCI organize ceremony to express solidarity with Armed Forces of Pakistan
3 hours ago -
Habib Arif posted as MD SIDB KP
3 hours ago -
Finance minister highlights economy-stabilizing efforts
3 hours ago -
Call for Tobacco Tax Increase to Safeguard Child Rights and Public Health
4 hours ago
-
IPAK to raise Rs. 1.77b in book building process
3 hours ago -
Spanish bank BBVA goes hostile in Sabadell takeover bid
3 hours ago -
Pakistan's total liquid foreign reserves surge over $ 14.45 billion
3 hours ago -
Federal Minister for Economic Affairs, Ahad Khan Cheema chairs meeting with EDCF, Country Programme ..
5 hours ago -
London, Frankfurt stocks hit record highs on rate-cut hopes
5 hours ago -
Joint efforts imperative to address agriculture sector issues: minister
5 hours ago