The International Road Transport Chamber of Pakistan (IRTCoP) warmly welcomes the recent initiative by the Federal Board of Revenue (FBR) through S.R.O. 933(I)/2025, dated 27th May, 2025. This significant step introduces the option of Insurance Guarantee—in addition to Bank Guarantee—for Afghan transit consignments passing through Karachi Ports.
Until recently, the Afghan Transit Trade faced operational bottlenecks due to the requirement of Bank Guarantees under the Risk Management System (RMS), which posed financial and procedural challenges for traders and transporters. Recognizing these constraints, the Ministry of Commerce has stepped in to facilitate smoother cross-border logistics by offering an Insurance Guarantee by AA++ rated companies as a valid alternative.
This amendment was officially made to Chapter XXI, Sub-chapter VII of the Customs Rules, 2001, thereby ensuring enhanced ease of doing business and greater flexibility for stakeholders involved in transit trade.
A Word from the President – IRTCoP
“We extend our sincere appreciation to the FBR and Ministry of Commerce for this timely and thoughtful reform. The acceptance of insurance guarantees will not only reduce the financial burden on Afghan Transit operators but will also boost the volume of consignments routed via Karachi Ports. This is a vital move towards regional trade facilitation and stronger economic cooperation with Afghanistan.”
– President, International Road Transport Chamber of Pakistan
Summary of S.R.O. 933(I)/2025
Date Issued: 27th May, 2025
Issued By: Federal Board of Revenue (FBR), Government of Pakistan
Amendment: Customs Rules, 2001 (Chapter XXI, Sub-chapter VII)
Key Addition: Wherever “Bank Guarantee” appears, add “or Insurance Guarantee by an AA++ Company”
Objective: Facilitate Afghan Transit Trade through alternative security options
This reform marks a step forward in building a more connected and commerce-friendly regional environment. IRTCoP encourages all stakeholders to review the new rules and prepare to benefit from the more inclusive guarantee framework.
For further details, please refer to the complete S.R.O. 933(I)/2025.
