PESHAWAR
Sarhad Chamber of Commerce and Industry expressed grave concerns over undue delay in implementation of the replacement of the existing banking guarantees with insurance guarantees for transit trade through Pak-Afghan border.
Fazal Moqeem Khan, president of the SCCI in a statement here on Thursday urged the government to take concrete steps for the replacement of bank guarantees with insurance guarantees to boost Pak-Afghan bilateral and transit trade.
Earlier this year, he stated the policy was announced by the government to facilitate transit trade between Pakistan and Afghanistan.
Traders associated with the cross border trade have serious concerns over the unnecessary and prolonged delay in implementation of the replacement of bank guarantees with insurance guarantees for Afghan transit trade, SCCI chief said.
