Connect with us

South Asia

Illegal Imports From Afghanistan Hurting Pakistan’s Economy – Reports



The illegal imports from Afghanistan were negatively affecting Pakistan’s economy as Kabul was deliberately not providing complete and accurate data of its import according to a report by the Directorate General of Trade of Pakistan.

Not Pakistan, But Iran Is The No.1 Terror State In The World: Donald Trump

The details provided by Afghanistan to the UN’s sub-body of International Trade Centre puts the value of imports several times less than the actual figures which is an attempt to repeal the objections raised by Islamabad against Afghanistan.

Kabul has put the value of Afghan Transit Trade passing through Pakistan at $14.8 billion for the current year, while according to Pakistani valuation framework the value comes to $44.4 billion.

According to the report, mere stopping of smuggled items in the market would not yield results but there is a need to take stringent measures at zero line (border along with Iran and Afghanistan) to curb smuggling in cooperation with customs, Rangers, coastal guards and armed forces of Pakistan.

The report further said that “Bara markets” set up in big cities must be shut down immediately where smuggled items worth billions of rupees were being sold and a new mechanism to discourage bogus sales tax registration and import licenses needed to be introduced.

The report identified the goods declaration, duty assessment and anti-smuggling system of Pakistan to be ineffective.

According to details, FBR chairman a few months back had held a video conference with customs officers across the country with the purpose of eliminating smuggling.

During the conference, many senior officers said that the Afghan Transit Trade and especially the overall imports of Afghanistan were a big source of smuggling in Pakistan and for this reason Pakistan had a black economy. They opined that until the issue was addressed, the Pakistani economy could not improve.

According to sources, the FBR chairman had directed the director general to prepare a comprehensive report on Afghan Transit Trade.

The report said that Afghanistan imports 28% of its total value goods to Pakistan through Torkhum and Chaman routes, 37% through Iran’s area Islam Qila and 26 %o via Uzbekistan’s area Heman. The overall scenario of Afghanistan’s import changes with the diplomatic and trade ties with its neighbours, tariff policy and border situation.

The report revealed that Afghanistan was showing its import valueless to the UN’s body International Trade Centre.

Pakistan customs estimates the cost of Afghan Transit Trade items with the intention of carrying out its insurance which is based on the tariff of the goods and this is the actual cost that would be considered if Pakistan imports them.

Surprisingly, the Afghan authorities show a value of Afghan Transit Trade to Pakistan which is three times less than the real price just as Kabul put the value of transit trade through Pakistan at 0.82 billion dollars in 2016. However, according to Pakistan customs value additional table, the real worth was 2.9 billion dollars.

Via: Express Tribune




Featured20 mins ago

Indian SU-30 MKI Jets Loaded With BrahMos Missiles Practice Hitting Chinese Assets Far Away From From Ladakh

Soaring tensions between India and China in Ladakh has seen both the sides deploying thousands of troops, heavy artillery and...

China-and-India China-and-India
Asia Pacific47 mins ago

India-China War Highly Unlikely; Beijing Only Testing Indian Resilience – Experts

India-China War: The joint statement following the meeting said that ministers had a “frank and constructive discussion on the developments...

imran-khan imran-khan
Featured2 hours ago

India, Pakistan Clash At UNGA – Indian Diplomat Walks Out As Imran Khan Goes All-Out Over Kashmir

India strongly reacted to Pakistan PM Imran Khan's speech at UNGA calling it a 'diplomatic low'. India's envoy to the...

J-10VSF-16 J-10VSF-16
Featured11 hours ago

Next US Intervention In Taiwan & There Would Be No Taiwan – China

Amid suggestions for the United States to deploy its troops to Taiwan, Chinese military experts have warned that any such...

Americas11 hours ago

Donald Trump Or Jared Kushner: Why Son-In-Law Kushner Is A Deserving Candidate For The Nobel Peace Prize Over Trump?

Having brokered the historic normalisation accord between the United Arab Emirates (UAE) and Israel, US President Donald Trump has been...

SU-30 SU-30
Featured16 hours ago

Despite Rafale Jets, Why Su-30s Will Remain The Most Powerful Fighters In The Whole Of Asia?

Russia has won many hearts in India and China with its Sukhoi Su-30SM fighter jets, however, owing to the massive...

Featured17 hours ago

Can PM Modi Correct The ‘Balochistan’ Mistake That India Committed In 1947?

As history suggests, India lost out when the Sultan of Oman offered Gwadar as a gift to India but the...

eurasian-times eurasian-times
Featured18 hours ago

After SU-30 Jet, Now MiG-21 Fighter Jet Crashes In Western District

A Serbian military aircraft crashed Friday in western Serbia, the Defense Ministry confirmed. The ministry said that the MiG-21 military aircraft...

putin-russia putin-russia
EurAsian Region18 hours ago

Watch How Russian BM-30 Smerch Rockets Use GLONASS Navigation System To Hit Its Target

Russia has reportedly made another major breakthrough in boosting its missile launching capabilities with modernised BM-30 Smerch or 9A53-S Tornado...

Featured1 day ago

Clear Message To China: India Army Will Fire If PLA Soldiers Come Forward

As India-China border tensions are yet to be completely diffused, according to a report by The Hindu, New Delhi has given...