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MoIC working to reduce fuel price for coming winter
The officials at Ministry of Industry and Commerce (MoIC) say that they are trying to give a share to the private sector in the transfer and purchase of fuel contracted with Russia so that these goods reach the country’s markets on time and to prevent the increase in the price of fuel products in the upcoming winter.
“We want to include the private sector in the government’s contract so that fuel prices do not rise in the coming winter,” said Nooruddin Azizi, Minister of Industry and Commerce.
The members of the private sector meanwhile have called on the MoIC to provide the required fuel to the country’s markets before the winter season arrives in order to prevent the increase in prices.
“If the leadership of the Ministry of Industry and Commerce works on these projects earlier, I think that we will not face any problem and it is good to pursue and implement the previous contracts,” said Abdul Jabbar Safi, Afghanistan Industrialists’ Association Chief.
“The unemployment rate is high and the only solution that can solve this problem is for the government to undertake a series of measures,” said Abdul Nasir Reshtia, a member of private sector.
These statements are made while every year with the arrival of winter, the price of fuel, especially oil and gas, increases in the country and causes many problems for the citizens.
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SAARC failure pushes Pakistan toward trilateral ties with Afghanistan, China, Bangladesh: Dar
Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar has said that the failure of the South Asian Association for Regional Cooperation (SAARC) is pushing Pakistan toward exploring trilateral cooperation frameworks involving Afghanistan, China, and Bangladesh.
Speaking at the South Asian Federation of Accountants (SAFA) Conference in Lahore on Friday, Dar said SAARC has “unfortunately not been able to kick off,” limiting regional economic integration and cooperation.
He said Pakistan is now looking at alternative regional arrangements to strengthen economic connectivity and trade, including trilateral formats such as China–Pakistan–Afghanistan and China–Pakistan–Bangladesh.
Dar stressed that South Asia cannot remain in “isolation,” noting that the region, home to nearly two billion people, is missing significant economic opportunities due to weak cooperation among neighbouring countries.
The South Asian Association for Regional Cooperation (SAARC) was established in 1985 to promote economic and regional integration among South Asian countries, including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
The organisation was designed to encourage cooperation in areas such as trade, development, education, and cultural exchange. However, in recent years, SAARC’s effectiveness has been significantly limited due to political tensions between member states, particularly between India and Pakistan, leading to stalled summits and reduced regional engagement.
As a result, regional economic cooperation in South Asia has largely remained underdeveloped compared to other regional blocs around the world.
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