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Home»BUSINESS»Pak-Afghan trade surges, boosting customs revenue
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Pak-Afghan trade surges, boosting customs revenue

Sudhir Ahmad AfridiBy Sudhir Ahmad AfridiNovember 19, 2024Updated:November 20, 2024No Comments2 Mins Read7 Views
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Customs authorities have committed to further reforms aimed at bolstering trade efficiency and transparency along the Pak-Afghan border

By Sudhir Ahmad Afridi

TORKHAM BORDER: The trade relationship between Pakistan and Afghanistan has experienced remarkable growth over the past three months, leading to a significant boost in customs revenue for Pakistan. According to official documents, both imports and exports have surged, underpinned by improved customs operations and streamlined processes at key border points such as Torkham.

In August, the import value reached approximately Rs. 6.92 billion, facilitated by nearly 4,947 vehicles, which generated Rs. 1.6 billion in customs duties and taxes. Exports during the same month amounted to Rs. 13.32 billion, adding Rs. 47.82 million in revenue. Additionally, Rs. 0.4 million were collected under e-imports. September continued the trend, with imports valued at Rs. 5 billion, yielding Rs. 1.49 billion in tax revenue. Exports for the month stood at Rs. 12.92 billion, contributing Rs. 46.43 million. E-imports also saw an increase, bringing in Rs. 0.57 million.

October marked a sharp rise, with imports soaring to Rs. 11.01 billion, generating a substantial Rs. 3.42 billion in customs duties. Export values climbed to Rs. 19.77 billion, contributing an additional Rs. 71.19 million to Pakistan’s revenue. The increase in trade activity has been attributed to enhanced customs operations at the Torkham border, where officials have improved clearance processes to manage a higher volume of vehicles. In August, 4,947 import and 3,733 export vehicles were processed, while September saw the numbers rise to 4,532 import and 5,763 export vehicles. October recorded an impressive 7,986 import and 8,505 export vehicles cleared.

Customs officials, however, identified delays in filing Goods Declarations (GDs) as a persistent issue. Clearing agents often hold back submissions until vehicle scans are complete to avoid liability for restricted items. Despite this, the improved infrastructure and operational protocols at Torkham have largely minimized inefficiencies. Customs authorities have committed to further reforms aimed at bolstering trade efficiency and transparency along the Pak-Afghan border.

By addressing logistical challenges and enhancing infrastructure, they anticipate sustained growth in bilateral trade, which will contribute significantly to Pakistan’s economic resilience. The recent surge in trade underscores the potential for deeper economic collaboration between Pakistan and Afghanistan. By fostering greater efficiency and transparency, this relationship could pave the way for enhanced regional commerce and mutual prosperity.

#AfghanistanImports #BilateralTrade #CrossBorderTrade #CustomsOperations #CustomsReforms #CustomsRevenue #EconomicCollaboration #PakAfghanTrade #PakistanEconomy #PakistanExports #TorkhamBorder #TradeEfficiency #TradeGrowth
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Sudhir Ahmad Afridi

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