Business
Afghanistan, Pakistan likely to endorse air-to-road corridor: report
Afghanistan and Pakistan are likely to agree on development of a multimodal air-to-road corridor for Afghan transit trade in a bid to boost trade between the two countries, the Express Tribune reported on Friday.
The two sides have proposed this addition to the revised Afghanistan Pakistan Transit Trade
Agreement (APTTA).
Pakistan’s Ministry of Commerce, in recent briefing to a cabinet meeting, chaired by Prime Minister Shehbaz Sharif, pointed out that APTTA 2010 did not cover the multimodal bonded air-to-land transit of cargo.
However, the revised agreement, APTTA 2021, would cover it, but it had not yet been signed.
Pakistan’s Ministry of Commerce, in order to facilitate uninterrupted supply of humanitarian aid to Kabul, sought approval of the cabinet for the multimodal bonded air-to-land transit of Afghan cargo from the Islamabad Airport and then onward shipment on trucks through the Torkham and Ghulam Khan crossing points via road.
Pakistan’s Federal Board of Revenue suggested to the Ministry of Commerce to allow the multimodal air-to-land corridor for Afghanistan’s imports from around the world and its exports through international airports of Pakistan.
The Express Tribune said that the introduction of the corridor would contribute significantly to economic development of Pakistan.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
Business
Afghanistan starts exporting via railway to Turkey
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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