Senior Vice President of Pakistan-Afghanistan Joint Chamber of Commerce and Industry, Zia-ul-Haq Sarhadi, on Wednesday expressed his deep concern over extreme decrease in the bilateral trade with Afghanistan and Central Asian countries.In a press statement, Sarhadi who is likewise Executive Member Sarhad Chamber of Commerce and Industry blames enforcement of 2 percent Infrastructure Development Cess by Khyber Government on export cargo as one of the reason for current dip in trade between Pakistan, Afghanistan and Central Asian Republics, Pakistani media reported.He said in the current past the volume of bilateral trade between Pakistan and Afghanistan was around 2.5 billion dollars which has diminished to mere 700 million dollars.Citing other reasons behind this plunge in trade volume, Zia stated it consists of frequent closure of Pak-Afghan border at Torkhem border, Temporary Admission Document, application of ban on Pak-Afghan trade including 100 percent bank guarantee, addition of 14 items into unfavorable list, enforcement of 10 percent processing fees, constraints at Karachi port causing holding of more than 300 containers of transit trade.The post Joint chamber worried over decrease in Afghanistan-Pakistan trade initially appeared on Ariana News.
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