Pakistani PM’s commerce adviser due in Kabul today for trade talks

Prime Minister Imran Khan’s adviser on commerce and industry, Abdul Razak Dawood, is addressing an annual conference organized by the Ministry of Industries in Islamabad in 2019. (PID/File)
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Updated 02 March 2021
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Pakistani PM’s commerce adviser due in Kabul today for trade talks

  • Abdul Razak Dawood says Islamabad wants to increase bilateral trade to $5 billion in five years
  • Experts say trade volume can be enhanced to $10 billion if bottlenecks removed 

KARACHI: Prime Minister Imran Khan’s adviser on commerce and industry, Abdul Razak Dawood, will leave for Kabul on a three-day visit today, Thursday, for talks on enhancing trade between the two neighbors.
Pakistan has said it plans to increase the volume of bilateral trade with Afghanistan, which stood at $2 billion in 2019, to $5 billion in the next five years.
Dawood’s visit comes just weeks after his Afghanistan counterpart, Nisar Ahmad Faizi Ghoryani, met Prime Minister Imran Khan to discuss trade ties.
Traders have long urged officials in Kabul and Islamabad to ease border measures to expedite the movement of goods between the two countries, a process that has slowed down even further in recent months due to new rules introduced to curb the spread of the coronavirus pandemic.
“The agenda of the visit will focus on three points,” Dawood told Arab News on Wednesday. “Number one is bilateral trade and how we are going to improve it between the two countries; the next one is the Afghan Transit Trade (ATT); and the third is to focus on many technical issues at the border crossing that need attention.”
“Our [bilateral trade] target for the next five years is $5 billion,” Dawood said. ”It used to be $2 billion or so and went down, though now it is back up again. We will do it.”

 

 

He said Pakistan had already taken several measures to address border problems, adding that more initiatives would be discussed during his meeting with Afghan officials.
“Border issues need to be resolved, though a lot of them have already been sorted out and only a few of them are left,” Dawood said.
On the Afghanistan-Pakistan Transit Trade Agreement (APTTA), which allows Kabul to use Pakistan’s land to transport goods to India, the adviser said the pact would be reviewed in February 2021.
“The ten-year agreement is coming to end, and we will start it with another agreement that both sides are negotiating to finalize,” Dawood said.
Signed in 2010, under APTTA goods are taken to the Wagah crossing point using Pakistan’s territory from where Indian trucks transport them to their intended destinations. Pakistan does not allow import of goods from India to Afghanistan via land route.
Dawood said he would also take a delegation of Pakistani businessmen to Afghanistan during his next visit to help them explore new opportunities, though his three-day visit starting today will only include government-to-government interactions.
Stakeholders say the potential for bilateral trade between Afghanistan and Pakistan is much more than $5 billion.
“There are a lot of issues when it comes to bilateral and trilateral trade. We have to export to the Central Asian countries, but there are issues. We have issues of transit trade and exports,” Mohammad Zubair Motiwala, chairman of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry, told Arab News.
“The $5 billion [target] is the minimum potential of bilateral trade,” he added. “If trade-related issues are resolved, the volume can even be enhanced to $10 billion.”


Pakistan Super League 11th edition to kick off on March 26

Updated 48 min 57 sec ago
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Pakistan Super League 11th edition to kick off on March 26

  • The PSL is Pakistan’s premier T20 cricket league which features a mix of local and international players
  • Hyderabad, Sialkot will join the 11th edition of PSL after they were bought for record prices this month

ISLAMABAD: The 11th edition of the Pakistan Super League (PSL) T20 tournament will kick off on March 26, the Pakistan Cricket Board (PCB) announced on Friday, which will feature eight franchises competing across multiple venues.

The statement came after a meeting of the PSL governing council at the National Cricket Academy in Lahore, which was presided over by PCB Chairman Mohsin Naqvi.

The meeting began with the PCB chairman and all participants congratulating and welcoming the new team owners of Sialkot and Hyderabad, according to the PCB.

“Detailed discussions were held on various matters including the schedule of the HBL PSL 11, player retentions, adoption of the player auction or a unique combination of auction and draft termed as ‘drauction’ and the option of opening direct signings,” the board said.

“It was decided that the HBL PSL 11 will kick off on Thursday, 26 March as the fans, players and stakeholders look forward to entering the new era of the league.”

The PSL is Pakistan’s premier T20 cricket league which features a mix of local and international players. The league already had six city-based teams which include Karachi Kings, Multan Sultans, Lahore Qalandars, Islamabad United, Peshawar Zalmi and Quetta Gladiators.

Hyderabad and Sialkot will join the 11th edition of PSL after they were bought for record prices at an auction organized by the PCB this month.

The board will run the Multan Sultans team for the 11th edition before looking for a potential buyer. The previous owner of Multan Sultans, Ali Tareen, announced last month he was walking away from his ownership of the franchise.