Business

Pak-Afghan Joint Economic Commission discuss trade initiatives

Latest Update: November 23, 2015 | 376 Views
Pak-Afghan

ISLAMABAD: Finance Minister Ishaq Dar has stressed the need for ensuring implementation of decisions taken between Pakistan and Afghanistan for betterment of both the countries.

He was addressing Joint Economic Commission meeting in Islamabad on Monday.

Finance Minister said most of the decisions taken during the last Joint Economic Commission and during the visit of Afghan Pesident, have been implemented. However, he said, there are some decisions that need to be implemented on fast track.

Finance Minister said serious efforts are needed to achieve the declared trade volume of five billion dollars till 2017.

He said facilitation is issuance of visas to businessmen is necessary for promotion of trade between the two countries.

Ishaq Dar said there is progress on Pak-Afghan Transit Trade. He said Pakistan is waiting Afghan response of Preferential Trade Agreement.

He urged the Afghan side to expedite the process of activation of Joint Business Council so that its meeting will be held at the earliest. He said it will help facilitate investors of both the countries in a big way.

He said peace and prosperity is equally important for Pakistan and Afghanistan.

He said Pakistan is implementing different development projects in Afghanistan. He said work on Torkhum-Jalalabad highway is going on and will be completed by December next year.

He said hostel in Rehman Baba School comprising one thousand rooms will be completed in the mid of next year with the financial assistance of Pakistan.

He said educational scholarships to over two thousand Afghan students have been awarded in different disciplines.

The meeting discussed projects relating to trade, energy, railways and roads. The Commission considered to link Chaman with Kandahar and Peshawar with Jalalabad through rail. It also exchanged views to increase trade volume between the two countries.