Federal Secretary Commerce Muhammad Saleh Ahmed Farooqui says that Irregularities were coming to the fore in the transit trade, which was depreciating the rupee.
A meeting of the Senate Standing Committee on Trade was held under the chairmanship of Senator Zeeshan Khanzada.
During the meeting, on the issue of ban on goods under Afghan transit trade, it was stated in the briefing by the Secretary Commerce that under Afghan transit trade, we facilitated Afghanistan, which led to an extraordinary increase in Afghan transit trade.
Secretary Commerce said that some measures were proposed by FBR and one was proposed by Commerce, four SROs were issued in which three were issued by FBR and one by Commerce. There was transit trade.
Secretary Trade said during the meeting that the transit trade increased to 6.7 billion rupees in the last financial year alone, the question arises where all these things are financed?
Federal Secretary Trade Muhammad Saleh Ahmad Farooqi said that bank guarantee has been imposed on all exports of transit trade, those going through Afghanistan take a cash guarantee of 110 billion rupees on our goods.
According to Secretary Commerce, the data was shared with the Afghan authorities before the notification on the ban on goods under transit trade, our ambassador also met with the Afghan authorities before the ban on goods under transit trade.
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