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US senators introduce invoice to ascertain duty-free financial zones alongside Pak-Afghan border

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  • Invoice to ascertain Reconstruction Alternative Zones alongside Pak-Afghan border area launched in US Senate.
  • The invoice is named the ‘Pakistan-Afghanistan Financial Growth Act’.
  • Pakistani-born American Democrat chief Tahir Javed says this laws permits textile items to be despatched to US with out obligation.

WASHINGTON/ LAHORE: US senators have launched a bipartisan invoice to advertise and generate financial advantages for Pakistan and Afghanistan.

The invoice is named the ‘Pakistan-Afghanistan Financial Growth Act’. The laws proposes the arrange of a reconstruction alternative zones alongside Pak-Afghan border areas.

“The bill would establish Reconstruction Opportunity Zones (ROZs) in Afghanistan and Pakistan’s border regions to allow certain products from these areas to enter the US duty-free,” an announcement learn.

Learn extra: ‘Peace in Afghanistan means peace in Pakistan,’ reiterates Gen Bajwa in assembly with Afghan envoy

The bipartisan invoice was launched by Democrat Senators Van Hollen, Maria Cantwell and Republican Senator Todd Younger.

The outlined aims of the say that fostering commerce with the Pakistan-Afghanistan border area will assist bolster financial growth and enhance the livelihoods of native populations, The Information reported.

The publication reported that the trouble will additional US diplomatic aims within the area by contributing to political stability and addressing the foundation causes of violent extremism, in addition to increasing commerce with Pakistan will strengthen ties with a key strategic accomplice and improve financial growth in a area necessary to US pursuits.

Invoice will probably be of nice profit to Pakistan for 10 years: US democrat chief

Pakistani-born American Democrat chief and well-known businessman Tahir Javed says this laws permits textile items to be despatched to US with out obligation.

“If [this] bill becomes part of law after approval, it will be of great benefit to Pakistan for 10 years,” he stated, including that Pakistan’s exports to US may improve tenfold.

Learn extra: US troops to depart Afghanistan by September 11

Javed expressed the idea that the laws will convey financial advantages to Afghanistan and Pakistan.

The democrat chief stated the invoice has been launched to advertise stability within the area and may remedy lots of Pakistan’s issues.

The Democrat chief stated this invoice may imply relations between Pakistan and US might discover a new route

Efforts will probably be made to get 60 votes in making the financial invoice a legislation, he stated.

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