ITTMS : A project to make Pakistan a transit hub of Asia

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ITTMS : A project to make Pakistan a transit hub of Asia

ISLAMABAD: (APP) Minister for Finance Senator Muhammad Ishaq Dar chaired the 7th meeting of the Steering Committee on the development of Integrated Transit Trade Management System (ITTMS) here Thursday.

The minister reviewed the progress on the decisions taken in the sixth meeting as well as current situation of the project.

Federal Board of Revenue (FBR) Chairman Nisar M Khan briefed the meeting that they were on an advanced stage of finalizing the lease agreement for land acquisition at Torkham and Wagha, a Finance Ministry press statement said.

Secretary Economic Affairs Division (EAD) Tariq Bajwa also briefed the committee that for civil and other works under the project, all contracts had been awarded through international competitive bidding, in line with ADB guidelines.

The minister expressed satisfaction on the progress of the work so far and issued directives to expedite the progress on the remaining work.

He also said that the completion of this project would make Pakistan the trade and transit hub of Central and South Asia.

The minister directed that in case any difficulty arose in the completion of the project, his help and support would be available in every possible manner.

The meeting was attended by senior officials of Finance Ministry, EAD, FBR and Commerce Ministry.