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Pakistan plans new curbs on Afghan importers.

Under a new Afghan-Pakistan Transit Trade (Com.) the business conected with the passage of goods through a country to their destination.

See also: Transit
 Agreement (APTTA), Islamabad has suggested Afghan importers submit bank guarantees on transportation of goods to the landlocked country A landlocked country is commonly defined as one enclosed or nearly enclosed by land.[1][2][3][4] As of 2007, there are 43 landlocked countries in the world. .

A leading Pakistani newspaper, quoting official sources, reported on Saturday financial securities in the form of bank guarantees would be taken at the time of import of consignments under the fresh APTTA.

The Business Recorder Business Recorder is the first and the leading financial daily in Pakistan.

Business Recorder is a hugely credible and undoubtedly the most respected financial and business newspaper in the country.
 said: "The bank guarantee on transit consignments would be equivalent to the amount of duties and taxes involved in the consignments being imported into Afghanistan." Pakistan will discuss with Afghan customs authorities the proposal for including a clause of bank guarantees in the new APTTA.

The present agreement restricts transport of Afghan cargo through the Pakistan Railways alone, although most the consignments are being transported by National Logistic Cell (NLC NLC National League of Cities
NLC National Library of Canada
NLC National Library of China
NLC Northern Lights College (British Columbia, Canada)
NLC North Lake College (Irving, Texas) 
).

In line with the proposal, the daily added, Afghans will be required to submit bank guarantees for the transit of goods through Pakistan.

If a container goes missing in transit process, the bank guarantees will be encashed to make the recovery.

Officials of the Federal Board of Revenue (FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm)
FBR Fast Breeder Reactor
FBR Federal Benefit Rate
FBR Foundation for Biomedical Research
FBR Foundation for Blood Research
FBR Fluidized Bed Reactor
), Ministry of Commerce and other departments took up the proposal at a recent meeting of the National Trade and Transport Facilitation Committee (NTTFC NTTFC National Trade and Transport Facilitation Committee (Ministry of Commerce - Pakistan) ).

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Publication:Pajhwok Afghan News (Kabul, Afghanistan)
Date:Oct 4, 2009
Words:216
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