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Inauguration of Pak-Afghan JEC 8th Session: JEC for import of 1,000 MW from CARs
* Also decides to create road link between Pakistan and Tajikistan via Afghanistan
* Afghan side requests release of 700 containers blocked in Pakistan
By Sajid Chaudhry
ISLAMABAD: Finance ministers from Pakistan and Afghanistan decided to lay down a ‘time bound road map’ of the steps for enhancing cooperation between the two neighbouring countries, especially import of 1,000 megawatts power and gas from Central Asian Republics (CARs) and road link between Pakistan and Tajikistan via Afghanistan.
Finance Minister Dr Abdul Hafeez Shaikh and Afghan Finance Minister Dr Hazrat Omer Zakhilwal discussed this during the inauguration of the Pakistan and Afghanistan Joint Economic Commission 8th Session, which started here on Monday.
Pakistan has agreed to confirm the status of 700 Afghan commercial cargo containers for their release on priority basis, as Afghan side has raised the issue of blockade of their 700 containers and informed Pakistani authorities that these containers belong to Afghanistan’s private sector and not to the NATO or ISAF, official sources informed.
The Federal Board of Revenue chairman has been directed to confirm the status of the 700 containers so a decision on their release could be taken immediately, added the sources.
The agenda of the JEC included bilateral trade with special focus on review of trade, measures to enhance bilateral trade, problems and issues related to private sector and traders of both the countries. In the area of transit trade facilitation, the JEC would review the current status of implementation of Afghanistan-Pakistan Transit Trade Agreement (APTTA).
Transit trade facilitation: Current status of implementation of APTTA, signed in October 2010 will be reviewed, road link between Pakistan and Tajikistan via Afghanistan, $300 million Pakistan’s grant, development projects initiated under grant from Pakistan, current status of projects initiated under Afghanistan-Pakistan G-8 Initiative, establishment of Joint Cooperation Mechanism to initiate and implement development projects, new projects and proposals, technical assistance capacity building, scholarship scheme for Afghan students, training in commercial banking, custom training, police training, postal training, training in audit and accounts, deepening of economic cooperation, cooperation in communication sector, status of CASA 1000 Power Transmission Project, cooperation in industrial and engineering sectors, investment in natural resources in Afghanistan, petroleum and natural resources, cooperation in education sector, cooperation in information and media cooperation, agreement in the areas of culture and arts and cooperation agreement in the area of tourism.
After the inaugural session, while talking to reporters Zakhilwal said that APTTA is a big agreement and there would arise issues on its implementation and we are here to discuss these issues as well as other measures for enhancing trade volume and cooperation between private sectors of both the countries. He informed that 70 percent work on Torkam Jalalabad road is completed and we are now discussing resource mobilisation for completion of remaining 30 percent. He informed that the second phase of this project would link Jalalabad to Kabul and completion of which would help facilitate bilateral trade.
Shaikh informed the reporters that JEC would be focusing on four key areas for enhancing bilateral trade and economic cooperation between the two countries. In the trade areas, the minister said that JEC will discuss issues on implementation of APTTA, insurance guarantee for Afghan importers, border crossing for trade purposes and trade safeguards to make trade easy for the trading community. JEC would also be discussing projects completed in the past, and resource mobilisation for completion of Torkam Jalalabad road. He also informed that JEC would also discuss issues relating to regional integration for promoting cooperation in gas and power import, increasing transport and communication links.
Shaikh informed that both the ministers have directed the technical experts of both sides to be pro-active and finalise a technically feasible plan for the initiatives to help easy implementation of these measures by the political leadership of the countries.
The minister further informed that both sides have agreed to facilitate private sectors of both sides to work together for exploiting the potential in mining, construction, hydro-power and other areas of mutual interest. He admitted that both countries have not done much to facilitate the private sector in the past. He informed that to promote the regional economic cooperation, Pakistan would host regional conference with the help of World Bank in May 2012 and some viable proposals would be finalised in this regard. JEC will conclude today (Tuesday) and some key decisions are expected to be announced.
Daily Times - Leading News Resource of Pakistan
* Also decides to create road link between Pakistan and Tajikistan via Afghanistan
* Afghan side requests release of 700 containers blocked in Pakistan
By Sajid Chaudhry
ISLAMABAD: Finance ministers from Pakistan and Afghanistan decided to lay down a ‘time bound road map’ of the steps for enhancing cooperation between the two neighbouring countries, especially import of 1,000 megawatts power and gas from Central Asian Republics (CARs) and road link between Pakistan and Tajikistan via Afghanistan.
Finance Minister Dr Abdul Hafeez Shaikh and Afghan Finance Minister Dr Hazrat Omer Zakhilwal discussed this during the inauguration of the Pakistan and Afghanistan Joint Economic Commission 8th Session, which started here on Monday.
Pakistan has agreed to confirm the status of 700 Afghan commercial cargo containers for their release on priority basis, as Afghan side has raised the issue of blockade of their 700 containers and informed Pakistani authorities that these containers belong to Afghanistan’s private sector and not to the NATO or ISAF, official sources informed.
The Federal Board of Revenue chairman has been directed to confirm the status of the 700 containers so a decision on their release could be taken immediately, added the sources.
The agenda of the JEC included bilateral trade with special focus on review of trade, measures to enhance bilateral trade, problems and issues related to private sector and traders of both the countries. In the area of transit trade facilitation, the JEC would review the current status of implementation of Afghanistan-Pakistan Transit Trade Agreement (APTTA).
Transit trade facilitation: Current status of implementation of APTTA, signed in October 2010 will be reviewed, road link between Pakistan and Tajikistan via Afghanistan, $300 million Pakistan’s grant, development projects initiated under grant from Pakistan, current status of projects initiated under Afghanistan-Pakistan G-8 Initiative, establishment of Joint Cooperation Mechanism to initiate and implement development projects, new projects and proposals, technical assistance capacity building, scholarship scheme for Afghan students, training in commercial banking, custom training, police training, postal training, training in audit and accounts, deepening of economic cooperation, cooperation in communication sector, status of CASA 1000 Power Transmission Project, cooperation in industrial and engineering sectors, investment in natural resources in Afghanistan, petroleum and natural resources, cooperation in education sector, cooperation in information and media cooperation, agreement in the areas of culture and arts and cooperation agreement in the area of tourism.
After the inaugural session, while talking to reporters Zakhilwal said that APTTA is a big agreement and there would arise issues on its implementation and we are here to discuss these issues as well as other measures for enhancing trade volume and cooperation between private sectors of both the countries. He informed that 70 percent work on Torkam Jalalabad road is completed and we are now discussing resource mobilisation for completion of remaining 30 percent. He informed that the second phase of this project would link Jalalabad to Kabul and completion of which would help facilitate bilateral trade.
Shaikh informed the reporters that JEC would be focusing on four key areas for enhancing bilateral trade and economic cooperation between the two countries. In the trade areas, the minister said that JEC will discuss issues on implementation of APTTA, insurance guarantee for Afghan importers, border crossing for trade purposes and trade safeguards to make trade easy for the trading community. JEC would also be discussing projects completed in the past, and resource mobilisation for completion of Torkam Jalalabad road. He also informed that JEC would also discuss issues relating to regional integration for promoting cooperation in gas and power import, increasing transport and communication links.
Shaikh informed that both the ministers have directed the technical experts of both sides to be pro-active and finalise a technically feasible plan for the initiatives to help easy implementation of these measures by the political leadership of the countries.
The minister further informed that both sides have agreed to facilitate private sectors of both sides to work together for exploiting the potential in mining, construction, hydro-power and other areas of mutual interest. He admitted that both countries have not done much to facilitate the private sector in the past. He informed that to promote the regional economic cooperation, Pakistan would host regional conference with the help of World Bank in May 2012 and some viable proposals would be finalised in this regard. JEC will conclude today (Tuesday) and some key decisions are expected to be announced.
Daily Times - Leading News Resource of Pakistan