Wednesday, February 21, 2024

Pakistan and Afghanistan Trading without any problem: Razak

On Saturday, Commerce Advisor Abdul Razak Dawood stated that the Taliban’s takeover of Afghanistan had had no effect on commercial activities, which we’re continuing as usual.

Speaking to journalists after the launch of the Pakistan Footwear Design Hub, which was established in collaboration with the Pakistan Footwear Manufacturers Association (PFMA) and the United Nations Industrial Development Organization, he stated that no one should be concerned because the country had been granted GSP+ status for two years.

Mr. Dawood stated, “We are aware of the situation in Afghanistan.” Though there are issues, there is no reduction in the Pak-Afghan trade. The trucks will pass via Torkham and other land borders on their way there.”

He went on to say that commerce with India was non-existent. “For the time being, we must concentrate on our western frontiers. Later, we’ll visit the eastern border.”

In response to a query, Mr. Dawood stated that Pakistan has been granted GSP plus status for two years and that attempts to extend the status for another two years are now underway. “In this aspect, there is no problem. “The prime minister just met with us as well,” he continued.

According to the commerce adviser, the government’s well-structured policies have resulted in Pakistan being a mobile phone exporter. “For the first time, Pakistan exported 5,000 to 10,000 mobile phones to other nations in July of this year. “We are virtually finished with the old culture of importing everything,” he continued.

Mr. Dawood stated that Pakistan was not the only nation in the globe where commodity, food, and other costs were rising. Aside from commodities, the prices/tariffs of freight containers, shipping, and other services have reached an all-time high for the first time, he noted.

In response to a query on the rising dollar rate in Pakistan, despite receiving $3 billion from the IMF and $2 billion in foreign remittances, the adviser said the government would be content if the dollar rate fluctuated between Rs160 and 165 or less.

Earlier, when discussing the shoe sector, he stated that the country’s footwear exports have always been relatively low in the past owing to a variety of difficulties, including the failure to prepare globally acceptable designs in partnership with other countries.

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