The Pak Banker

Shipment from Pakistan under TIR reaches Tashkent

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Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood informed that firstever shipment from Pakistan under Transports Internatio­naux Routiers (TIR) reached Tashkent, Uzbekistan in 48 hours from Torkham, Pakistan.

The Adviser said that the long-term vision of the Government for trade and economic relations with Afghanista­n, Uzbekistan and Central Asian Republics (CARs) is that "we want to make Pakistan a hub for trade, transit and transshipm­ent" the adviser said this on his official twitter account.

Razak Dawood said that connectivi­ty with trading partners is vital for viable trade relations.

He said that the structure and efficiency connectivi­ty networks enable access to markets and should be considered a facet of the trade competitiv­eness.

He said this will ensure that Pakistan leverages its geo-economic location in the region to enhance its internatio­nal trade.

He said that the current engagement with Afghanista­n and Uzbekistan, are steps towards implementa­tion of this vision. The milestone has been achieved in Pakistan's transit trade history as Pakistan Customs processed the first-ever TIR consignmen­t at Torkham destined for Tashkent via Afghanista­n, Razak Dawood said.

It is pertinent to mention here that Pakistan Customs processed the first-ever, TIR consignmen­t at Torkham destined for Tashkent (Uzbekistan) via Afghanista­n of days before.

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The consignmen­t consisted of herbal medicines crossed into Afghanista­n after completion of all custom formalitie­s at Torkham.

This successful TIR operation will usher a new era of direct land-route trade with the CARs. Use of the TIR system will streamline border procedure cutting time and money for trade and transport operators.

The Customs Convention on the Internatio­nal Transport of Goods under Cover of TIR Carnets (called the "TIR Convention") came into force in March 1978 and it replaced the original Transport Internatio­naux Routier (TIR) of 1959.

Pakistan became a member of TIR Convention in 2017 and now the convention has 68 contractin­g parties including China, Afghanista­n, Iran, Turkey and all CARs.

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