Business
Exports to Pakistan increase sharply, thanks to coal and cotton
Pakistan says its exports to Afghanistan have dropped and imports sharply increased in the current financial year, leading to a bilateral trade balance for the first time in favor of the war-torn neighbor, VOA reported.
This comes after Pakistan implemented trade-related concessions for Afghanistan earlier this year in a bit to help it overcome humanitarian and economic crises.
VOA reported that in the 11 months of the current financial year, Pakistani exports to Afghanistan have dropped to around $700 million from more than $900 million last year, a spokesperson for the commerce ministry in Islamabad said.
According to the report, the change is attributed mainly to increased purchases of Afghan coal and good quality cotton by Pakistan in recent months.
The spokesperson said that imports from Afghanistan have increased to more than $700 million from $550 million last year.
The decline in Pakistani exports is attributed to U.S. sanctions on the interim Islamic Emirate of Afghanistan (IEA) government, the absence of banking channels and non-availability of dollars in Afghanistan, as well as a drop in demand for certain Pakistani goods, VOA reported.
Business
Afghanistan raises import tariffs on several goods to support domestic industry
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Afghanistan’s Ministry of Finance says it has increased customs tariffs on several imported goods as part of measures aimed at supporting domestic production and industrial growth.
The ministry said the Tariff Committee approved the changes during its third meeting of the 1405 solar year.
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Tariffs on leather footwear and plaster have each increased from 50% to 80%, while the rate on sanitary diapers has risen from 20% to 25%.
At the same time, the tariff on heart springs has been reduced from 8% to 3.5%.
The Ministry of Finance said customs tariffs on cement, iron pipes, refrigerators and raw materials used in carpet production are also under review.
According to the ministry, the tariff adjustments are intended to protect domestic industries, strengthen local production and create conditions for further growth in trade.
Business
Afghanistan-Kazakhstan trade reaches $581 million in six months
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Trade between Afghanistan and Kazakhstan reached $581 million in the past six months, officials in Afghanistan’s western Herat province said.
The figure was discussed during a meeting between Herat Governor Noor Ahmad Islam Jar and a Kazakh delegation led by Yerkin Tukumov, Kazakhstan’s special representative for Afghanistan.
Tukumov stressed the need to expand transit capacity and remove customs barriers to facilitate increased trade between the two countries. He also invited Afghan officials to attend a joint economic meeting scheduled to take place in Kazakhstan.
Islam Jar highlighted Herat’s strategic location and security, describing the province as having significant potential to serve as a hub for investment and regional trade.
Afghanistan and Kazakhstan have previously discussed expanding trade in agricultural products, including Afghan agricultural exports in exchange for flour imports from Kazakhstan.
The two sides have also reached understandings on cooperation over the Torghundi-Herat railway project, which is intended to strengthen transport and trade links.
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Business
Ariana Afghan Airlines increases Kabul-Delhi cargo flights
Ariana Afghan Airlines has increased cargo flights between Kabul and Delhi to facilitate the transportation of commercial goods and support Afghan traders.
In a statement issued Saturday, the airline said it will now operate two scheduled cargo flights daily on the Kabul-Delhi route, up from one flight per day previously.
The airline said Afghan traders and commercial companies can use the daily cargo services to transport their goods quickly, safely and reliably between Afghanistan and India.
Ariana Afghan Airlines said it is working to further expand and improve its air cargo services to support trade, meet the needs of Afghan traders and facilitate Afghanistan’s exports and imports.
-
Regional5 days agoIran airlines cancel flights as US sanctions hit
-
Sport4 days agoAfghanistan open Asian Games cricket campaign with win over Japan
-
World4 days agoTrump welcomes Chinese President Xi as US-China summit gets underway
-
Latest News1 day agoAfghanistan says 28 killed, 32 captured in Nuristan operation
-
World2 days agoTrump rejects Iranian proposal to open Hormuz and end fighting
-
Sport1 day agoAfghan bodybuilder Ali Bilal finishes runner-up at Mr Olympia for third straight year
-
Latest News4 days agoKhalilzad warns Pakistan-Afghanistan tensions likely to worsen after fresh airstrikes
-
Latest News2 days agoKhalilzad questions Pakistan’s commitment to Afghan welfare
