Friday, March 1, 2024

Pakistan agrees to release Afghan traders’ assets from Karachi port

Immigration News

Fidel Rahmati
Fidel Rahmati
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

The Ministry of Industry and Commerce of Afghanistan has announced that Pakistani authorities have agreed to the immediate release of seized assets of Afghan traders in the port of Karachi.

In a statement, the ministry stated on Friday that an agreement was reached during a meeting of the Taliban delegation, led by Nooruddin Azizi, the acting Minister of Industry and Commerce, with Pakistani Foreign and Commerce Ministers. The agreement entails the swift release of the confiscated assets of Afghan traders from the Karachi port.

Reports indicate that Pakistan has detained thousands of containers of Afghan commercial goods in the port of Karachi. However, the Ministry of Industry and Commerce of the Taliban has not specified the reason behind Pakistan’s actions.

Khanjan Alkozi, a Joint Afghanistan-Pakistan Chamber of Commerce member, spoke to the media and mentioned that approximately 3,000 to 3,500 containers, like in the past, will be released based on banking guarantees or payment of a ten per cent fee.

According to the report, Alkozi also noted that out of nearly 4,000 containers of commercial assets, 400 containers are not included in this resolution and are classified as sensitive items. Discussions regarding them will take place in the future.

Reports suggest that nearly four thousand containers of assets belonging to Afghan traders have been detained at the Karachi port for approximately three months.

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