News Paper: Business Recorder
ISLAMABAD (July 20 2010): Afghan-Pakistan Transit Trade Agreement (APTTA) would affect the local industry and cause huge dent to country's economy, said Kashif Shabbir, President, Rawalpindi Chamber of Commerce and Industry (RCCI) here on Monday. "There was no need to sign the agreement in haste, as it would put the local industry at risk and RCCI would soon summon a meeting of All Pakistan Chambers to discuss the said accord," Kashif Shabbir said while talking to journalists at the Chamber.
Kashif said that decision was made in haste and business community was not taken into confidence before signing the accord. It is fact the Indian products would be dumped in Pakistani markets if the government failed in curbing smuggling, he said.
He was of the view that only positive thing about the agreement was that the Pakistan could access the markets of Central Asian States. However, adding that Indian involvement would harm Pakistan interest," he said. Kashif Shabbir suggested the government that all the trade should be based on Letters of Credit and a positive list of products must be approved by both sides.
-www.brecorder.com
Kashif said that decision was made in haste and business community was not taken into confidence before signing the accord. It is fact the Indian products would be dumped in Pakistani markets if the government failed in curbing smuggling, he said.
He was of the view that only positive thing about the agreement was that the Pakistan could access the markets of Central Asian States. However, adding that Indian involvement would harm Pakistan interest," he said. Kashif Shabbir suggested the government that all the trade should be based on Letters of Credit and a positive list of products must be approved by both sides.
-www.brecorder.com
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