Business
Durand Line closures push up prices of essentials such as tomatoes
Durand Line closures have pushed up prices of essential goods in Afghanistan and Pakistan, with tomatoes now costing five times more in Pakistan since fighting broke out between the two South Asian neighbours this month.
Durand Line crossings have remained closed since October 11, following ground fighting and Pakistani airstrikes across the line that killed dozens on both sides in the worst fighting since the Islamic Emirate’s 2021 takeover of Kabul.
All trade and transit have been blocked since the fighting erupted, Khan Jan Alokozay, the head of the Pak-Afghan Chamber of Commerce in Kabul, told Reuters on Thursday.
“With each passing day, both sides are losing around $1 million,” he said.
Fresh fruit, vegetables, minerals, medicine, wheat, rice, sugar, meat and dairy products make up most of the $2.3 billion annual trade volume between the two countries.
The prices of tomatoes, used extensively in Pakistani cooking, have jumped by over 400% to around 600 Pakistani rupees ($2.13) per kg. Apples, which mostly come from Afghanistan, are also seeing a price surge.
“We have around 500 containers of vegetables for export daily, all of which have spoiled,” said Alokozay.
Around 5,000 containers of goods are stranded on both sides of the border, said a Pakistani official at the main Torkham border crossing in northwest Pakistan.
He said there was already a shortage of tomatoes, apples and grapes in the market.
The Durand Line clashes were triggered after Islamabad demanded that Kabul control militants who attack Pakistan, saying they operated from havens in Afghanistan. The Islamic Emirate has denied the charge.
A ceasefire was agreed in talks hosted by Qatar and Turkey last weekend and is holding between the two sides, but trade remains suspended. The next round of negotiations is scheduled for October 25 in Istanbul.
Business
Afghan economic commission approves 12 major development projects across key sectors
In the infrastructure sector, projects include connecting the eastern Kandahar substation to the new central substation in Tarinkot, as well as a major electricity transmission project from Kajaki dam to New Tarinkot.
The Economic Deputy Office of the Prime Minister says 12 major development projects have been approved in the latest meeting of the Economic Commission and referred to relevant departments for implementation.
According to the statement, the approved projects include the transfer of imported electricity to the province of Paktika, construction of a double-circuit transmission line from Ghazni, completion of remaining substation works, and expansion of the national power network.
The package also includes extension of electricity lines from the Nurul-Jihad substation to the provinces of Herat, Farah, and Nimroz, as well as supplying electricity to Seydan village in the Grishk district of Helmand.
In the infrastructure sector, projects include connecting the eastern Kandahar substation to the new central substation in Tarinkot, as well as a major electricity transmission project from Kajaki dam to New Tarinkot.
Other approved projects include irrigation schemes in Faryab, upgrading and activating the 350-bed Aino Mina hospital in Kandahar, construction of a grand mosque with a capacity of 40,000 worshippers in Nimroz, and expansion of the Torghundi–Herat and Andkhoy–Shiberghan–Mazar-i-Sharif railway lines.
Officials say these projects aim to strengthen infrastructure, improve public services, and support economic growth across the country.
Business
Afghanistan, Iran sign 23-point MoU to expand border trade
Business
Afghanistan and Shanghai Chambers sign trade and investment cooperation agreement
The Shanghai Chamber of Commerce welcomed the Afghan delegation and stressed the importance of expanding practical and long-term economic cooperation between the two sides.
The Afghanistan Chamber of Commerce and Investment (ACCI) has announced that a high-level delegation led by Sayed Karim Hashimi held talks with the Shanghai Chamber of Commerce and Industry and Chinese investors in Shanghai.
During the meeting, Hashimi described Shanghai as one of the world’s leading economic and investment hubs, emphasizing Afghanistan’s strategic location in the heart of Asia as a key bridge between Central and East Asia.
He highlighted China’s Belt and Road Initiative as a major opportunity for regional economic cooperation and reaffirmed Afghanistan’s readiness to actively participate in the framework.
Hashimi also said Afghanistan’s private sector is prepared to expand cooperation with Chinese investors in mining, agriculture, industry, transit, logistics, technology, manufacturing, carpets, precious stones, medical products, and banking sectors.
The Shanghai Chamber of Commerce welcomed the Afghan delegation and stressed the importance of expanding practical and long-term economic cooperation between the two sides.
At the end of the meeting, a cooperation agreement on trade and investment was officially signed between the two chambers.
The delegation also included senior members of provincial chambers and leading Afghan business figures.
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