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Afghan Pakistani Trade Agreement Controls

The government is pursuing a variety of proposals to introduce amendments to the Afghan-Pakistani Trade Agreement (APTTA) to control withdrawal of goods from Afghanistan and Pakistan (APTTA) to Afghanistan.

Amendment has been proposed 

The amendment has been proposed in several forums after complaints about the smuggling of goods in countries that damage local production. This issue became more important after US transit trade to Pakistan was turned into US sanctions against Iran. A Commerce Department source suggested Dawn to move the proposal into three areas: increasing the number of products on the negative list, allowing quotas for certain products, collecting tariffs on Pakistani ports, and refunding transfers.

According to the existing agreement, there are only two items in the negative list of cigarettes and car parts. "We have proposed several items to be included in this list," the source said. Items on the exclusion list can not be imported by contract. According to the old Afghanistan transit trade agreement, there was an import quota allocation for many smuggled items under the treaty.

With the implementation of the revised pact, the Pakistani government removed these conditions. A senior official at the Federal Board of Revenue said Dawn should allow quota-based imports of smuggled items under the contract of carriage. According to him, three methods are used globally for negative listings, refunds and refunds and quota-based earnings. "We liberalized our contracts to harm our industry," he said.

Another source at the agency said the goods in transit crossed the border with electronic surveillance. He said the tracking and tracking system is already in place to check the stolen goods in the country. We have adjusted 100 percent of the goods in real time between the two customs of Pakistan and Afghanistan," the official claimed. He said the goods would come back into the country through porous borders.

Imports of transport

In 2018-19, imports of transport goods increased by 66.6% from Rs 3 billion to Rs 5 billion over the previous year. The value of the cargo can be attributed to recent sanctions on Iran, officials said. Afghan importers have largely switched their public transport revenues to Bandar Abbas harbor due to a number of restrictions set out in the revised Transit Trade Agreement. "We have seen an increasing trend in the cargo we are carrying at the port of Pakistan," he said.

The government has already established a customs office to encourage and control theft of goods in accordance with the agreement. Last month, the two countries resumed talks aimed at eliminating differences in transit treaties after a three-year collapse. Another follow-up meeting is scheduled for Aug. 6 in Islamabad.

Kabul spokesman Mahmoud Ahmadinejad insisted that India should be included in talks on a trilateral trade agreement (FTA) involving India, Pakistan, Afghanistan and Tajikistan. The talks came after Afghanistan's President Ashraf Ghani met with Prime Minister Imran Khan in Islamabad on Monday.

Both sides agreed to deepen trade relations. Pakistan's Afghanistan exports peaked at $ 2.4 billion in 2010-11, down from $ 2 billion in the 2011-12 and 2012-13 and down to $ 1.3 billion in 2018-19.

Record high of 10.34pc in six years

The KSE-100 fell 437 points, or 1.4 percent, to close at 52,600, the lowest level at 31,666. Investors' attention spiked in July when headline inflation hit a record high of 10.34pc in six years. Delays in launching state-owned corporate funds expected to support the market; In particular, expectations for a deterioration in financial performance on the economic fluctuations in the quarter ended June 30 are expected.

With merchant strikes and generally poor economic indicators released, traders kept the market on the Ten Hook market. The problem was that the government - sponsored Senator Sadiq Sanjrani, who had survived a surprising vote of confidence on Thursday, took up a large part of his political activities, despite the large number of opposition parties in the Senate.

Investors have ignored the US government, which resumes $ 125 million in military sales to Pakistan. The government plans to issue another 2 billion rupee energy sukuk following Eid (third week of August) to reduce the outstanding energy sector's cyclical debt, and the government raises $ 500 million through Islamic syndicate loan by 12 bank consortium did.

The Federal Board of Revenue (IRS) recorded RMB222.7 billion, or 95% of its July target, and did not impress investors. According to data released by Pakistan's National Clearing Company, foreign investors bought $ 3.4m of net buyers during the week. Major foreign portfolio inflows totaled $ 3.1 million in cement and $ 1.2 million in other areas.

Mutual funds continued to dump stocks

In local funds, mutual funds continued to dump stocks worth $ 4.8 million, followed by companies selling $ 1.7 million. Trading weekly average daily trading volume declined 25% to 57m, trading volume down 21% to $ 13m. Commercial banks lowered the index by 239 points for a week, while exploration and production and tobacco companies eroded cumulative 109 points in the index. Oil and gas marketing companies shed 32 points.

Major losers were Pakistan Oil (69 points), MCB (62 points), Pakistan Tobacco (57 points), United Bank (56 points) and Bank Al Havib (44 points). Pakistan ruins 37, Engro Corporation 17, and Packages Ltd 15. In the future, most analysts expect the market to be out of range with quarterly financial results, which are expected to have poor quarterly results.

Another major negative factor is the current account deficit and the economic problem that large-scale manufacturing is slowing down. Uncertainty about Pakistan 's success in avoiding placing it on the Financial Action Task Force blacklist and the immorality of the political front is another concern for investors. On a positive note, if earnings surprises and multi-year undervaluation reach 5.5x, net profit may increase.

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