The Federal Board of Revenue (FBR) has authorized Azerbaijani cargo vehicles to enter Pakistan under the Azerbaijan-Pakistan Transit Trade Agreement 2024.
The FBR issued a Statutory Regulatory Order (SRO) as part of the new agreement and the 2024 Transit Trade Rules, which apply to cargo arriving via Karachi Port, Port Muhammad Bin Qasim, and Gwadar Port.
According to the order, customs processing for transit trade cargo will be handled at designated ports using the computerized customs system.
As per the agreement, Azerbaijani-registered vehicles will be allowed entry into Pakistan without the requirement for financial guarantees related to duties and taxes.
Additionally, transport operators and customs clearing agents must open and maintain a “rotating insurance guarantee PD account” with customs authorities.
The new rules stipulate that the Directorate General of Reforms and Automation in Karachi will generate user IDs for traders, government bodies, the United Nations, or diplomatic missions.
Azerbaijan’s relevant ministry will electronically submit the required registration form through the customs computerized system.
Each vehicle entering or leaving Pakistan will require a valid permit from the authorized authority, issued in the prescribed format.
The Directorate of Transit Trade in Peshawar, Quetta, and Gwadar will be responsible for issuing permits at the respective land border customs stations.
This arrangement is designed to streamline trade and strengthen cooperation between Azerbaijan and Pakistan, facilitating smoother movement of goods between the two nations.
