Islamabad: The federal government has decided to impose restrictions on theimports of luxury items through Afghan transit trade.
According to details, it has been revealed that the national treasury hasincurred an annual loss of more than 185 billion rupees from Afghan transittrade, prompting the federal government to impose restrictions on theimports of luxury items through Afghan transit trade.
Sources say that this decision to impose restrictions on the imports foritems such as tires, fabrics, cosmetics, and tiles, among others, was madeafter consultation with the Special Investment Facilitation Council’s apexcommittee.
According to sources, in just one year, the volume of Afghan transit tradehas increased from $2.5 billion to $6.71 billion, mitigating the effects ofincome restrictions from Pakistan’s side. Items subject to incomerestrictions or increased duties are now being demanded in Afghan transittrade.It is reported that due to lower duties in Afghanistan, most itemsare smuggled and sold in Pakistan.
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The Ministry of Commerce has recommended that goods should be insured andbank guarantees obtained for 100% of their value.
