Search

x
Join our whatsapp channel for News Updates

Land ports being set up at Torkham, Chaman, Wagha borders: Senate told

10:18 PM | 26 Jul, 2016
Land ports being set up at Torkham, Chaman, Wagha borders: Senate told
ISLAMABAD - Minister for Commerce, Engineer Khurram Dastagir Khan on Tuesday informed the Senate that land ports and warehouses were being set up at Torkham, Chaman and Wagha borders this year to enhance trade volume.

Responding to various questions during Question Hour, the minister stated that the mass of trade between Pakistan and Afghanistan at present stood at $ 2.28 billion in 2014-15.

Pakistan exported US$ 1.962 million worth of goods to its neighbor, while imports from Afghanistan were at the level of US$ 323 million in 2014-15, he added.

To a supplementary question, he said that commercial transit trade between the two states had increased and stood at $ 2.25 billion during the outgoing financial year, despite concerns of Afghanistan shifting the trade towards Iran.

He said that due to recent military escalations the Torkham border had been closed, and, as a result, business and commercial activities remained suspended. Hundreds of trucks and trailers loaded with fruits and vegetables were stranded on both sides of the border due to the closing of the Pak-Afghan Highway, he added.

The minister said necessary measures to raise trade with Afghanistan were being considered.

In this regard, both Pakistan and Afghanistan have agreed in a meeting of Afghanistan Pakistan Transit Trade Coordination Authority (APTTCA) that the commissariat of the APTTA-2010 shall be revised and amended appropriately with the objective of further facilitating transit trade.

Khurram said that Pakistan had offered to start negotiations on the Preferential Trade Agreement- (PTA) with Afghanistan. In this respect, a draft text of the proposed PTA has also been shared with Afghan.

A response from Afghan side was being awaited, he added.

He added that the Pak-Afghan Joint Business Council Joint Business Council, comprising leading businessmen from both sides, had been established to increase business-to-business interactions.

Advertisement

Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter