Gwadar: Afghan transit trade has started at Gwadar Port, marking a first in-sea trade between the two countries. Developmental works and advancements are now on the right track with reference to the vertical and horizontal growth of Gwadar City. The strategic location of the city and the recent initiative of Afghan sea-trade make a blend to serve as a ray of hope amid the corona pandemic situation.
The trade business has commenced under the Afghanistan-Pakistan Transit Trade Agreement-2010 (APTTA), authorities at the ministry informed.
In a series of tweets, Advisor to Prime Minister on Commerce and Investment Abdul Razzak Dawood shared that a ship carrying 16,000 metric tonnes of urea and fertilizer for Afghanistan had arrived in Gwadar, beginning a new chapter of trade via sea route from the Gwadar Port to Afghanistan.
The cargo ship SIBULK TRADITION has berthed at Gwadar, carrying 16000 Tonnes of urea for Transit to Afghanistan. This is a first and marks the beginning of a new era in Pakistan’s trade by sea 1/2
@ImranKhanPTI @aliya_hamza @PTIofficial @PTVNewsOfficial @RadioPakistan pic.twitter.com/nNsCKP3QBrAbdul Razak Dawood (@razak_dawood) May 29, 2020
Pakistan handles around 48 percent of total Afghan exports and approximately 60 percent of Afghan transit trade goes through the Torkham border. Now the traffic at Gwadar port will increase besides decreasing the load of work at Karachi port. It will also reduce the cost and time for the transportation of the commodities to Afghanistan.
This is a green signal for the developers and investors to shift their focus to Gwadar and dig it for gold-coins. For the real estate industry, Afghan Transit Trade is a stimulant as an unprecedented development is on its way to Gwadar City.
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