The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the 7th meeting of the Steering Committee on the development of Integrated Transit Trade Management System (ITTMS) here at the Finance Division.
The Minister reviewed the progress on the decisions taken in the sixth meeting as well as current situation of the project.
Chairman FBR, Nisar M. Khan briefed the Finance Minister that they are on an advanced stage of finalizing the lease agreement for land acquisition at Torkham and Wagha.
Secretary EAD, Mr. Tariq Bajwa also briefed the Steering Committee that in case of completion of civil and other works under the project, all contracts have been awarded through international competitive bidding, in line with ADB guidelines.
The Minister expressed satisfaction on the progress of the work so far completed and issued directions to expedite the progress on the remaining work. The Minister also said that the completion of this project will make Pakistan the “Trade and Transit” hub of Central and South Asia.
The Finance Minister further directed that in case any difficulty arises in the completion of the project, his help and support will be available in every possible manner.
The meeting was attended by senior officials of Finance Ministry, EAD, FBR and Commerce Ministry.