Pakistan, China Border May be Opened from 15th July

The border between Pakistan and China is expected to open from July 15, following necessary arrangements in the wake of Covid-19.

As per the Ministry of Commerce sources, Pakistan Customs, Federal Investigation Agency (FIA) and National Logistic Cell (NLC) have suggested allowing 10 containers a day to prevent crowding.

The Chinese side has told Islamabad that the border can be temporarily opened and that China wants 186 containers to be released as a special arrangement.

With the COVID-19 spread in the world, the traders from both countries approached various ministries to open borders to encourage trade on a limited basis.

Phase II Pakistani meat has been ranked zero from 9-10 per cent under China Pakistan FTA. Commerce Ministry claims that a joint drive from the public-private sector can be very helpful in taping the Chinese meat import market for $19-20 million.

Meanwhile, Abdul Razak Dawood, trade advisor, has congratulated DG Khan Cement for making a breakthrough in winning orders to export cement to Philippines. It follows on from their China performance. He said exporters would follow this example of increasing their globe wide business presence.

He said, “As the market expands, it will boost market share. Increasing regional diversification is an essential part of our global foreign strategy.”

He further claimed that export remittances from IT and ITES sector have also picked up, showing a rise of 21 per cent and fetching over a billion dollars in foreign exchange, in just 11 months of FY 2019-20.

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Pak Revenue

A reliable source for business, taxation & financial news, covering incentives for CPEC, automobile and performance of stock and mercantile exchanges.

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