National
May 4, 2021
ISLAMABAD: Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Monday informed that first-ever shipment from Pakistan under Transports Internationaux Routiers (TIR) reached Tashkent (Uzbekistan) in 48 hours from Torkham, Pakistan.
The adviser said that the long-term vision of the government for trade and economic relations with Afghanistan, Uzbekistan and Central Asian Republics (CARs) is that “we want to make Pakistan a hub for trade, transit and transshipment”.
Razak Dawood said that connectivity with trading partners is vital for viable trade relations. He said that the structure and efficiency connectivity networks enable access to markets and should be considered a facet of the trade competitiveness.
The first-ever shipment under the Convention on the International Transport of Goods for traffic-in-transit of goods across the border has left for Uzbekistan from Pakistan via the Torkham border customs station. Photo courtesy Razak Dawood Twitter
ISLAMABAD: After a delay of 30 months, the first-ever shipment under the Convention on the International Transport of Goods for traffic-in-transit of goods across the border has left for Uzbekistan from Pakistan via the Torkham border customs station.
Pakistan Customs processed the first-ever TIR consignment from Karachi at Torkham destined for Tashkent via Afghanistan. The consignment consisted of herbal medicines and after completion of all Customs formalities at Torkham it crossed into Afghanistan.
First-Ever Shipment from Pakistan Under TIR Leaves For Uzbekistan
The Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, announced on Friday that the first shipment truck under the TIR Rules has passed Torkhum on its way from Karachi to Uzbekistan.
His tweet in this regard read: “MOC has been working to open up trade with Uzbekistan and beyond. We are pleased to share that the first containerized shipment by truck from Karachi under the TIR Rules has cleared Torkhum on its way to Uzbekistan”.
MOC has been working to open up trade with Uzbekistan and beyond. We are pleased to share that the first containerised shipment by truck from Karachi under the TIR Rules has cleared Torkhum on its way to Uzbekistan. pic.twitter.com/NKqpHLacWx
First-ever shipment from Pakistan under TIR leaves for Uzbekistan: Razak Dawood
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Razak Dawood said this would ensure that Pakistan leverages its geo-economic location in the region
ISLAMABAD (Dunya News) – Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood Friday said Pakistan crosses milestone in trade world by sending first ever Transports Internationaux Routiers (TIR) consignment by Afghanistan to Uzbekistan.
The adviser informed that a milestone has been achieved in Pakistan’s transit trade history as Pakistan Customs processed the first-ever, TIR consignment at Torkhum destined for Tashkent (Uzbekistan) via Afghanistan yesterday, said a press release issued by Ministry of Commerce here.
Regional blocs, corridors to improve market access
Says International Chamber of Commerce-Bangladesh
Padma bridge is expected to enhance regional integration in South Asia and facilitate Bangladesh’s access to neighbouring markets. Photo: Star/file Star Business Report Star Business Report
Bangladesh has been at the centre of initiatives such as the BBIN Motor Vehicle Agreement, the BCIM Corridor and the BIMSTEC alliance, which envisage greater market access and create an enabling environment for rapid economic development.
The economic corridors and blocs Bangladesh Bhutan India and Nepal (BBIN), Bangladesh China India and Myanmar (BCIM) and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) were initiated to ease business processes among the participating nations.