Newsnomics AJAY ANGELINA reporter |
Pakistan's Ministry of Commerce has banned the export of 212 items to Afghanistan to meet the annual financial losses and enhance the control over Afghan transit trade.
The SRO numbers include confectioneries, chocolates, footwear, various machinery, blankets, home textiles, garments and home appliances including fridges, refrigerators, air conditioners, juicers, and mixer blenders from being taken to Afghanistan.
Pakistan also banned 17 types of clothes, nuts, dry and fresh fruits, tea leaves, all types of vehicle tires, cosmetics and dozens of toiletries to Afghanistan.
The export items ban comes a day after Pakistan imposed a ten per cent processing fee on several items imported under the Afghan transit trade agreement.
"The Federal Government is pleased to impose processing fee at the rate of ten per cent ad valor em on the following Afghan transit Commercial goods imported into Afghanistan via Pakistan in exercise of the powers conferred by section 18 D of the Customs Act, 1969 (IV of 1969)" said a custom department notification.
The sources notified that Pakistan suffered an annual financial loss of 180 billion PKR (Pakistani rupees) from the Afghan transit trade.
Therefore, Pakistan government has decided to end the smuggling of luxury items through the Afghan transit trade following the recommendations of the Special Investment Facilitation Council's (SIFC) apex committee.
For further significance, Pakistan’s Federal Board of Revenue (FBR) formulated a new strategy to stop smuggling of the transit commodities to restrain the financial losses demands that Pakistan would take a 100 per cent guarantee of all luxury items in the Afghan transit trade.
