Karachi: Muhammad Zubair Motiwala, Chairman Sindh board of Investment and president PAJCCI said that the formation of Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) is a breath of fresh air for both the countries.
Despite existing political upheavals and sensitive socio-cultural issues, the push for economic collaboration from business community across the border has always been explicit. This he said while holding a meeting at his office.
Muhammad Zubair Motiwala said that the economic platforms are eagerly rethinking their bilateral relationship and discussions are underway with respect to reviving the economic ties, curtailing smuggling and preventing flow of prohibited goods.
This pressing need was sensed by business representatives in both the countries and they mutually agreed to establish a cooperative body on a private initiative in order to bring the business communities of the two countries closer together. He said this dream was realized when Pakistan-Afghanistan Joint Chamber of Commerce and Industry was established and its offices started functioning in February 2012.
The entity is duly recognized and licensed by Islamic Republic of Afghanistan as well as Government of Pakistan. In its first board meeting held on March 13th, 2012, Mr. Muhammad Zubair Motiwala was unanimously chosen as President and Mr. Khan Jan Alokozai as Co-President of the PAJCCI board. Mr. Motiwala expressed his belief that the existing trade volume of $3 billion can be enhanced to $6 billion in next three years with the active role of PAJCCI members. He also emphasized that the major benefit of this Chamber will be the saving of losses to national exchequer being caused by smuggling under the garb of Afghan Transit Trade (ATT).
The Secretary General PAJCCI, Ms. Faiza Nasir briefed the meeting regarding core objective of this trans-border arrangement which is not only to transform the economic landscape of the South and Central Asian region but also to facilitate peace prospects and to curb extremism and terrorism.
The Chamber was established having members of Business and Industrial community with a motive to provide level playing field for promoting the bi-lateral trade and investment, ensuring transfer of technology, exploring new trade opportunities and areas of mutual interests, alleviating illegal trade and promoting positive image of both the countries across the globe. In addition to that, the Chamber shall constitute an Arbitration Tribunal / Committee to which the members may refer for settlement of all those cases of dispute arising out of their commercial transactions.
It was agreed mutually that this platform will not only resolve trade based issues amicably but would strategize on the macro-level to facilitate respective Governments to revive bi-lateral political relationship as well, in the greater interest of both the countries. She said under the visionary leadership of Mr. Muhammad Zubair Motiwala, the Chamber will facilitate Pakistan to gain access to the Central Asian States via Afghanistan and would further enhance the trade opportunities.
The Chamber will serve to ensure win-win situation for all stakeholders and will serve as a body to enhance trade relations between two brotherly nations without succumbing to any unrelated political or cultural influence.
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