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Silk Road’s Khunjerab Pass opens up to Afghan-China trade

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(Last Updated On: August 29, 2023)

The first ever overland consignment of goods from China to Afghanistan via Pakistan’s Khunjerab Pass in the Gilgit-Baltistan region got underway this week.

A ceremony to mark the occasion was held in Gilgit-Baltistan region on Monday and attended by Pakistani officials.

The President of Pakistan’s Frontier Custom Agents Association (FCAA), Zia-ul-Haq Sarhadi said that this development will not only increase the volume of trade at a regional level, but will also create a large number of livelihood opportunities for people associated with customs clearance, goods transportation, fuel business, daily wagers etc, the Associated Press of Pakistan reported.

The first consignment started its journey from Kasghar, China and after crossing over to Pakistan it was transported via the Khunjerab Pass to Kabul in Afghanistan. This transit route will reduce overland travel time by almost 70% and will reduce logistics costs by more than 30%, Sarhadi said.

Sarhadi who is also the Director of the Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) said that the utilization of the Silk Route by China for transportation of goods to Afghanistan would also be beneficial for early operationalization of the major CEPC project.

Pakistan’s Express Tribune newspaper reported that the first consignment consists of an assortment of dry fruits.

“This inaugural ceremony reflects a monumental step towards fostering stronger ties between nations and promoting cross-border trade,” said Gilgit-Baltistan Chief Secretary Mohyuddin Wani.

“By facilitating the movement of goods from China to Afghanistan via Pakistan, the TIR agreement stands as a testament to the potential of cooperative initiatives in boosting economic growth and regional stability.”

The Ministry of Industry and Commerce of Afghanistan also said on X that the new trade route will reduce the travel time by 70 percent and reduce costs by 30 percent.

The Khunjerab Pass is the highest paved international border crossing in the world and the highest point on the Karakoram Highway.

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Afghanistan can become important industrial center in region: Hanafi

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(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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Pakistan: Consultations underway on preferential trade agreement with Afghanistan

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(Last Updated On: May 11, 2024)

Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.

According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.

In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.

Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.

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