ISLAMABAD:Pakistan and Afghanistan discussed the issues relating to trade economic cooperation at length and agreed to enhance trade up to $5 billion by the end of 2017.
Minister for Finance,Revenue, Economic Affairs, Statistics and Privatization, Mohammad Ishaq Dar and Finance Minister of Afghanistan, Akleel Hakimi led their delegations respectively, according to a statement issued by Ministry of Finance here on Monday.
Both sides agreed to hold Joint Business Council Meeting in first quarter of 2016 and negotiations on Preferential Trade Agreement on the sidelines of APTTCA meeting in Kabul, before March 2016.
Both sides agreed to hold 3rd round of Trilateral TransitTrade agreement in Kabul.During the meeting the matter relating to bilateral investment also came under discussion.
The Finance Minister informed the Afghan side that Pakistan was committed to complete all infrastructure projects in health, education, road and rail links in Afghanistan.
Regarding the regional connectivity between Pakistan-Afghanistan and Tajikistan. Both sides agreed to work
together for exploring the land routes for enhancement of trade and regional integration for economic benefit of people of both countries.
In this regard both sides agreed to expedite work for materializing the projects such as Chaman – Spinboldak Rail Link, Peshawar – Jalalabad Rail link and construction of Road and Railway line between Miransha and Khost.
The two countries also resolved to enhance cooperation in energy sector for implementation of joint projects on Kunar River, CASA 1000 and Joint Venture in Energy sector.
In order to fast track the implementation of decisions taken during the session, the both sides agreed to set up Joint Working Groups (JWG) at senior level for Commerce & Trade, Energy, Railways and Projects under CRRA funding.
The JWGs will meet at least once every quarter alternatively in Kabul and Islamabad.