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| Afghanistan |
| Afghan Trade Likely to Collapse in Pakistan |
| 2011-02-06 |
| [Tolo News] Pakistain, with imposing hard regulations over Afghan traders, has extremely lessened the chances of trade and transit trade there, Afghan official said in ACCI. Officials in the Afghan Chamber of Commerce and Industries warned that Afghan trade would come to an end, if the new transit agreement between Afghanistan and Pakistain fails to resolve the problems facing Afghan traders there. Despite hundreds of Afghanistan-bound containers stranded for months in Bloody Karachi, Pak officials have newly called on Afghan traders to provide bank guarantees. Under this new call, traders should deposit money equal to the value of their goods in Pak banks, which really makes the trade condition harsh to traders. "We annually pay $1.5 billion for transition and now we have asked to pay $1.5 billion more as guarantee. This is not applicable. It's totally unacceptable," said Deputy Head of ACCI, Khanjan Alokozai. But officials in the commerce and industries ministry hoped that the problems would be resolved to some extent after the new transit agreement is implemented. "We always need to keep our transit flow," said Deputy Commerce and Industries Minister, Ghulam Mohammad Yeilaqi. The implementation process of the transit agreement is expected to be started in a few days. |
| Posted by:Fred |
| #1 so Karzi's brother responds by cutting off the ISI's heroin ? |
| Posted by: Water Modem 2011-02-06 01:08 |