DistantNews
Support us
Taftan formalised for trade with Iran
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan /Economy & Trade

Taftan formalised for trade with Iran

From Dawn · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Pakistan's Federal Board of Revenue has officially established a new land customs station at Taftan, on the border with Iran.
  • This move aims to formalize and expand trade infrastructure between the two countries, facilitating cargo handling via rail.
  • The new station is expected to reduce informal trade channels and lower transportation costs, utilizing Taftan's strategic location as a gateway to Iran.

Pakistan has formally established a new land customs station at Taftan, a border town with Iran, signaling a renewed effort to formalize and expand trade infrastructure. The Federal Board of Revenue (FBR) issued a notification designating the Railway Station Taftan, covering 11.75 acres, as a land customs station for clearing imported and exported goods.

This development is expected to streamline cargo handling, particularly through rail connectivity. Taftan holds strategic importance as Pakistan's primary land gateway to Iran, yet it has historically been underutilized. The formal customs status aims to change this by bringing the railway-linked terminal into the official customs network.

The establishment of the Taftan land customs station is designed to reduce reliance on informal trade channels and lower overall transport costs. By formalizing the process, Pakistan seeks to boost its trade volume with Iran and leverage the strategic location of Taftan more effectively.

Land customs station status aims to reduce informal channels and lower transport costs

โ€” customs notificationThe purpose of establishing the land customs station at Taftan.
DistantNews Editorial

Originally published by Dawn. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.