Business
IEA stops coal trucks through Torkham to speed up fresh fruit exports
The Ministry of Finance of the Islamic Emirate of Afghanistan (IEA) on Monday banned the movement of coal trucks through Torkham customs so as to ease traffic through the border crossing for trucks carrying fresh fruit.
According to a directive of the Ministry of Finance, coal trucks will no longer be allowed to pass through Torkham customs and will have to use alternate routes.
The move was taken to avoid spoilage of fresh fruits and traffic congestion on highway, the ministry said.
“Due to the fresh fruit season in Afghanistan and large quantities of fresh fruit being exported through Torkham customs, drivers of coal trucks have to export though Paktia, Paktika and Khost customs to avoid spoilage of these fruits and traffic congestion,” read the ministry’s statement.
Afghanistan has long yielded a wide variety of fruit and exports a huge amount to Pakistan every year.
So far in Afghanistan, ten types of apples, ten types of pomegranates, about 24 types of apricots, 18 types of grapes, about 15 types of cherries and 19 types of peaches have been identified in the country.
This comes after the IEA government said it has increased coal exports to Pakistan.
The IEA government, which is not recognized by the international community and cannot obtain foreign funding, has also increased its tax on coal exports, Deutsche Welle reported.
“Coal exports have increased because we have paved the way for traders,” Ahmad Wali Haqmal, a spokesman for the IEA’s finance ministry, told Reuters.
He added that 16 billion afghanis worth of coal had been exported from Afghanistan in the past six months, with three billion afghanis (about $33 million) coming from customs.
According to Deutsche Welle, Pakistani officials have not yet commented. But government sources say coal imports from Afghanistan have increased and up to 500,000 tonnes of coal may be purchased monthly from the neighboring country.
Pakistan currently imports about three-quarters of its coal from South Africa.
Last week Mansoor Ahmad Khan, ambassador of Pakistan to Afghanistan, said in a tweet that he met with Haji Muhammad Rasool Totakhel the President of the Coal Union of Afghanistan to resolve logistic problems in transporting coal from Afghanistan to Pakistan.
“This is important for promoting trade and connectivity,” Mansoor Ahmad Khan tweeted.
Business
Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.
The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.
Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.
Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.
One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.
According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.
Business
Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation
The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.
The Embassy of the Islamic Emirate of Afghanistan in Kyrgyzstan says the Afghanistan-Kyrgyzstan Business Forum has been held with the participation of officials from both countries.
According to a statement issued by the embassy, Acting Ambassador Abdul Shakoor Haqqani said Afghanistan supports strengthening bilateral trade relations and promoting joint economic initiatives between the two countries.
The statement added that the two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council. The council aims to strengthen ties between business communities, coordinate joint initiatives, and expand and support economic projects.
Meanwhile, Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment, arrived in Kyrgyzstan on Saturday at the head of a trade delegation to participate in the forum.
Business
Afghanistan invites Turkish investors to expand joint investments
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.
According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.
The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.
During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.
The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
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