Pakistan-Iran trade halted as Taftan border shuts

Summary

• QUETTA: Cross-border trade between Pakistan and Iran came to a sudden halt at the Taftan border crossing on Saturday after the closure of the Federal Investigation Agency’s (FIA) immigration gate and the withdrawal of an import-related waiver.
• Following the developments, the Quetta Chamber of Commerce and Industry issued an advisory urging traders to temporarily suspend new purchases, product bookings and other commercial commitments involving Iran.
• It also advised traders to confirm the applicable EIF requirements with the Federal Board of Revenue, the Ministry of Commerce and border authorities before placing new orders.

AI Generated Summary

QUETTA: Cross-border trade between Pakistan and Iran came to a sudden halt at the Taftan border crossing on Saturday after the closure of the Federal Investigation Agency’s (FIA) immigration gate and the withdrawal of an import-related waiver.

The unexpected development has raised concerns among traders about possible financial losses worth millions of rupees and disruptions to commercial activities between the two countries.