The Federal Board of Revenue (FBR) has allowed Azerbaijani cargo vehicles to enter Pakistan under the 2024 Azerbaijan-Pakistan Transit Trade Agreement.
The FBR has issued a Statutory Regulatory Order (SRO) under the New Agreement and Transit Trade Rules, 2024, covering goods arriving via Karachi Port, Muhammad Bin Qasim Port and Gwadar Port.
According to the order, customs processing of goods in transit will be carried out through designated ports using the computerized customs system.
Based on mutual cooperation, vehicles registered in Azerbaijan will be allowed to enter Pakistan without the need for financial guarantees for duties and taxes.
Additionally, all transport operators and customs brokers will be required to open and maintain a “Rolling Insurance Guarantee PD Account” with the customs authorities.
According to the new rules, the Directorate General of Reforms and Automation in Karachi will create user IDs for traders, government organizations, the United Nations or diplomatic missions.
The required registration form will be submitted electronically in the customs computerized system by the competent ministry of Azerbaijan.
Additionally, every vehicle entering or exiting Pakistan will need a valid permit issued by the authorized authority, in the prescribed format.
The Directorate of Transit Trade in Peshawar, Quetta and Gwadar will be responsible for issuing permits at the respective land customs posts.
This new arrangement aims to streamline trade and promote cooperation between Azerbaijan and Pakistan, by improving the movement of goods between the two countries.
