National

LATEST NATIONAL NEWS. READ MORE

Business News

Current Business News. Read More

Company News

Corporate Company News. Read more

Official News

Government Official News. Read more

Press Releases

All Press Releases. Read More

Advertisement
Home » Islamabad

Pakistan, Afghanistan business leaders meet to bolster trade, jobs

July 9, 2020

ISLAMABAD:Private sector representatives from Pakistan and Afghanistan met to boost prosperity and create jobs in both countries. The participants in the US government-facilitated event addressed a range of trade issues between the two countries that have held back the growth of the cross-border economy.

“Pakistan-Afghanistan Bilateral Trade – Private Sector Perspectives, Strategy and Recommendations” conference was a first-of-its-kind cross-border dialogue held in Islamabad on July 8. The conference was organized by the United States Agency for International Development (USAID). The participants met virtually because of the ongoing COVID-19 pandemic.

Participants included the Pakistan-Afghanistan Joint Chamber of Commerce and Industry, the Sarhad Chamber of Commerce and Industry, and the Chaman Chamber of Commerce and Industry, as well as a number of Afghanistan chambers of commerce and a variety of logistics service providers, transport operators, and traders from both countries.

The participants highlighted a desire to forge closer cross-border private sector partnerships and government ties to promote trade between the two countries. Many of the participants expressed concerns over unscheduled closures of border crossing points, slow clearing processes, lack of facilities at the Torkham border, and increasing transport costs.

They also supported the creation of a core team of representatives from all participants to plan subsequent coordination efforts with the governments of Pakistan and Afghanistan. This inaugural virtual discussion sets the stage for a sustained and continued effort to improve trade relations between Pakistan and Afghanistan.

Related Posts

PPI_Banner