Cross-border markets will be up-and-running in February
Pakistan said Monday that one of the 12 Joint Border Trade Markets, that is to be established along the Afghanistan-Pakistan border, will be launched by February 2021.
“The #Joint_Border Trade Markets are believed to promote the wellbeing of the people living on both sides of the border, rehabilitate those affected by anti-smuggling drive, economically integrate the neglected areas, formalize bilateral trade and transform local economies of people living across #Pak-Afghan border,” Pakistan Embassy in Kabul said in a statement on Monday.
According to the statement, Pakistan has prepared a draft Memorandum of Understanding (MoU) on the establishment of the markets with Afghanistan.
The statement noted that the MoU has covered “all the modalities including the proposed list of items to be traded in these markets and locations where the border markets are to be established, the composition of #Border_Market Management Committees, which will oversee the smooth working of the markets, the medium of exchange and dispute settlement.”
“Once, formally established, the people friendly initiative of JBTMs of Prime Minister of Pakistan is expected to uplift the economic and social wellbeing of the people living across Pak-Afghan border,” the statement read.