Finance Minister to chair the meeting National Logistic Board

Islamabad: The Federal Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh today chaired a meeting about the proposal for the constitution of the trade regulatory authority presented to him by the chairman National Logistic Board and attended by the Secretary Finance, Planning and Development, Secretary Communications and Secretary Defence and others.

The National Logistic Board gave a detailed presentation to the meeting encompassing the status of the national logistic cell, its operation vis-a-vis Afghan transit trade, it’s official designation as the government controlled strategic and Crision Management office attached to the Planning Commission.

The presentation proposed formation of a transit trade regulatory authority whereby the implementation of the internal and external control of transit may be regulated and the proposal dilated upon the determination of the authority at the exit and entry points, and implemented through the regulatory body. In both the mechanism, exit and entries, internal and external the trekking system and biometric systems are proposed by the NLB in coordination with the other stakeholders e.g. FBR, Ministry of Commerce and Communications and others.

The Minister for Finance proposed a committee for the further deliberation on the matter before the next meeting on the present presentation and hoped that in the coming session of the meeting we will be able to reach a conclusion about the summary.

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