logo
PAJCCI welcomes Dar's visit to Afghanistan

PAJCCI welcomes Dar's visit to Afghanistan

PESHAWAR: Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has warmly welcomed the first official visit of Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, to Afghanistan, marking a pivotal moment in strengthening bilateral relations, security, and trade between the two nations.
PAJCCI's Senior Vice President, Zia-ul-Haq Sarhadi while talking to this scribe here on Monday expressed optimism that this high-level engagement will foster enhanced cooperation in critical areas, including trade, transit, security, and people-to-people ties.
'This visit underscores a shared commitment to mutual prosperity and long-term partnership,' Zia stated, adding that PAJCCI remains dedicated to supporting initiatives that drive sustainable growth and connectivity between Pakistan and Afghanistan.
Zia highlighted the significance of both nations reaffirming their commitment to stronger bilateral relations during the visit. He particularly welcomed Deputy PM Dar's announcement of a new Transit Track and Trade System, set to launch on June 30, 2025, which will streamline Afghan transit goods and reduce logistical bottlenecks.
'The new system will significantly ease bilateral trade and lower costs,' Zia remarked. He also lauded Pakistan's decision to allow two additional companies to join the National Logistics Cell (NLC) in transporting Afghan goods, promoting healthy competition and cost efficiency.
Additionally, Zia praised the approval of insurance guarantees for transit goods, a long-standing demand of traders. 'Moving forward, A++ insurance company guarantees will replace traditional bank guarantees, simplifying the process for businesses,' he explained.
Another key development is the introduction of cross-stuffing, enabling the transfer of goods between containers, which will commence on June 30, 2025, starting with 500 consignments monthly or sooner if feasible.
Zia expressed confidence that the agreements reached during Dar's visit will boost regional cooperation, enhance security, and unlock new trade opportunities, further solidifying the bond between the two neighbouring brotherly nations.
Copyright Business Recorder, 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Telenor Group awaits approvals for PTCL acquisition of Telenor Pakistan, Orion Towers
Telenor Group awaits approvals for PTCL acquisition of Telenor Pakistan, Orion Towers

Business Recorder

time8 hours ago

  • Business Recorder

Telenor Group awaits approvals for PTCL acquisition of Telenor Pakistan, Orion Towers

ISLAMABAD: Telenor Group is still anticipating receiving the required approvals regarding the Pakistan Telecommunication Company Limited (PTCL) acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers in the coming months, with subsequent closing of the transaction in the second half of 2025. This was revealed by the Telenor Group while responding to a Business Recorder query. According to the agreement, the transactions regarding the acquisition were earlier set for December 2024, but due to delay, a new deadline of end June 2025 was set. Regulatory approvals delayed: H1 closure likely for Telenor's PTCL acquisition The PTCL acquisition has been delayed due to pending regulatory approvals, with the transaction now expected to close in the second half of 2025, according to Telenor Group's first-quarter report for 2025. Telenor Group had earlier stated in February that it expected the PTCL-Telenor merger to complete in the first half of 2025. However, in its latest update, the Group said obtaining the necessary regulatory approvals for the divestment of Telenor Pakistan has taken longer than anticipated. PTCL has already warned that further delay in Competition Commission of Pakistan's (CCP) decision regarding acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers may impact the agreement between the two companies, as the deadline is approaching nearer. 'We have submitted all the required documents and information to CCP, however the delay in announcing the decision regarding acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers is unusual', said Group CEO earlier, while urging for earlier decision to remove confusion and move forward.

Pakistan and UAE sign accords to boost investment and digital cooperation
Pakistan and UAE sign accords to boost investment and digital cooperation

Express Tribune

time11 hours ago

  • Express Tribune

Pakistan and UAE sign accords to boost investment and digital cooperation

Listen to article Pakistan and the United Arab Emirates signed on Wednesday a Memorandum of Understanding (MoU) on mutual exemption of visa entra requirements among other agreements during the 12th session of the Pakistan-UAE Joint Ministerial Commission held in Abu Dhabi. The session was co-chaired by Pakistan's deputy prime minister and minister of foreign affairs, Senator Ishaq Dar, and the UAE's minister of foreign affairs and international cooperation, Sheikh Abdullah bin Zayed Al Nahyan. The two countries signed different agreements aimed at enhancing cooperation in areas such as investment, artificial intelligence and the digital economy, reported Radio Pakistan. Read: Pakistan, UAE reaffirm commitment to peace The meeting was held in a spirit of mutual understanding and brotherhood, with both sides exchanging views on regional and international developments. They reaffirmed their commitment to peace and stability in the region. My Brother HH Sheikh Abdullah bin Zayed @ABZayed and I signed an agreement on mutual visa exemption for the holders of diplomatic & official passports of our two countries, at the conclusion, very late last night, of a highly productive 12th session of the Pakistan-UAE Joint… — Ishaq Dar (@MIshaqDar50) June 25, 2025 Among the outcomes of the session was the signing of a protocol that establishes procedural frameworks for follow-up actions, sectoral working groups, and reciprocal visits. It was pleasure to Co-Chair with Brother HH Sheikh Abdullah bin Zayed @ABZayed the 12th Pak-UAE Joint Ministerial Commission (JMC) meeting, after gap of 12 years, in Abu Dhabi, which concluded very late last night; an important step in further deepening strategic, economic, and… — Ishaq Dar (@MIshaqDar50) June 25, 2025 This meeting, scheduled in October 2024, was the first session of the JMC in 13 years. The last session took place in Islamabad from 6 to 7 November 2013. Dar had reached the UAE on Monday to represent Pakistan. Read more: Pakistan, UAE sign multiple agreements to boost bilateral ties Both delegations expressed satisfaction with the progress made and agreed to convene the 13th session of the JMC in Pakistan on mutually agreed dates. Before the official session, a preparatory working group of the JMC met under the leadership of Special Assistant to the Prime Minister (SAPM) Tariq Bajwa and UAE Minister of State Ahmed Ali Al Sayegh. Officials reviewed the full scope of bilateral relations and agreed on practical measures to expand cooperation in trade, banking, investment, energy, aviation, railways, food security, healthcare, climate change, higher education, defence, manpower and information technology. Both countries emphasised the need to strengthen institutional mechanisms and promote inter-ministerial coordination to ensure follow-through on joint initiatives. Both delegations expressed satisfaction with the progress made and agreed to convene the 13th session of the Joint Ministerial Commission in Pakistan on mutually agreed dates. Earlier this month, Prime Minister Shehbaz Sharif paid an official visit to the UAE, where he met with UAE President Sheikh Mohamed bin Zayed Al Nahyan. The two leaders discussed a broad range of bilateral, regional, and global issues and reaffirmed their commitment to advancing collaboration. The premier also expressed his gratitude to the UAE for its constructive diplomatic role in easing tensions between Pakistan and India, and acknowledged the country's broader efforts to promote peace and stability in the region.

Pakistan, UAE sign visa exemption agreement for select passport holders
Pakistan, UAE sign visa exemption agreement for select passport holders

Business Recorder

time13 hours ago

  • Business Recorder

Pakistan, UAE sign visa exemption agreement for select passport holders

Pakistan and the UAE have signed a visa exemption agreement for diplomatic and official passports, Ishaq Dar, deputy prime minister and minister of foreign affairs of Pakistan announced in a statement on X on Wednesday. The announcement was made following the developments at the 12th session of Pakistan-UAE Joint Ministerial Commission (JMC) that took place in Abu Dhabi on Tuesday. 'Three important MoUs were signed: Visa exemption for diplomatic and official passport holders; Cooperation in AI & the digital economy; and joint investment promotion, which will pave the way for enhanced engagement to the mutual benefit of both nations,' Dar added. The meeting was co-chaired by Ishaq Dar and Sheikh Abdullah bin Zayed Al Nahyan, deputy prime minister and minister of foreign affairs of the UAE. The session discussed matters across multiple domains of bilateral cooperation and explored new avenues for collaboration in trade, investment, energy, infrastructure development and IT. Both sides emphasised enhancing institutional mechanisms as well as promoting inter-ministerial coordination. UAE remains one of the top locations where Pakistani workers are employed – 64,130 individuals (9 percent). Saudi Arabia and Oman are the top choices for emigrating labor from Pakistan. Brain drain: Pakistan lost 727,381 workers to overseas employment in 2024 According to The Bureau of Emigration & Overseas Employment (BE&OE) and the Overseas Employment Corporation (OEC) registered a total of 727,381Pakistanis working overseas in 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store