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ISLAMABAD, The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has issued a statement condemning the recent issuance of several Statutory Regulatory Orders (SROs) by the Pakistani government. These orders have reportedly caused significant distress within the business communities across various regions in Pakistan and Afghanistan. Junaid Makda, President of PAJCCI, expressed deep concern regarding these developments and their impact on bilateral trade relations.
According to PAJCCI, the specific SROs causing concern include SRO No. 1397(I)/2023, SRO 1380(I)/2023, SRO 1401(I)/2023, and SRO 1402(I)/2023. These orders have led to widespread consternation among the business communities in both Pakistan and Afghanistan, posing challenges and uncertainties for businesses and trade relations across the border. The PAJCCI stated that these regulatory measures have inadvertently created barriers that are detrimental to the growth of economic relations between the two countries.
The Chamber emphasized the importance of maintaining and enhancing economic ties between Pakistan and Afghanistan for the prosperity and well-being of their peoples. In light of this, PAJCCI urges the authorities to reconsider the implications of these SROs on bilateral and transit trade, as well as on broader economic cooperation. While recognizing that regulatory measures are necessary to safeguard national interests, the Chamber believes that such measures should also consider their potential impact on trade and commerce.
PAJCCI calls for an open dialogue and a collaborative approach to address the concerns of the business communities affected by these SROs. The Chamber is committed to working with relevant authorities and stakeholders to foster an environment conducive to business growth and mutual prosperity.
In conclusion, PAJCCI remains dedicated to its mission of promoting economic cooperation and trade between Pakistan and Afghanistan. The organization believes that by addressing the challenges presented by the recent SROs, both nations can build a more resilient and prosperous future across the border.
The post PAJCCI Condemns Issuance of Regulatory Orders, Urges Reconsideration to Support Pakistan-Afghanistan Trade appeared first on Pakistan Business News.