Business
Mutual MoU of transit of Kabul , Islamabad expired: Alkozai
Officials in chamber of commerce and industry have stated that mutual memorandum of understanding on transit in between Afghanistan Pakistan has expired, but Pakistan still benefits from the following transit based on the memorandum of understanding signed by both countries.
They have also criticized that if Afghanistan doesn’t utilize the APTA memorandum of understanding, Pakistan shouldn’t be benefited.
Deputy of chamber of commerce and industry Khan Jan Alkozai said,” APTA memorandum of understanding expired, but Pakistan is still using that rout and its goods are reaching to middle Asia.”
Its said that APTA has been signed on 2010 in between Afghanistan, Pakistan based on the MoU Pakistan could use Afghanistan’s soil for transiting its goods to middle Asia, but in most cases Pakistan created problems for Afghans traders goods to reach to Wagga port.
US Government had welcomed the announcement made by the Presidents Karzai and Zardari of the full implementation on June 12 of the Afghanistan-Pakistan Transit Trade Agreement (APTA).
This step is a concrete demonstration of the common shared vision of development, prosperity and peace the two Presidents share, and it will make a significant contribution to regional stability.
The APTA was concluded after years of effort and replaces an outdated agreement dating from 1965. It is a major breakthrough, demonstrating strong economic and political cooperation between the two countries. To complete implementation, both countries demonstrated their continuing commitment to work together to overcome technical and political obstacles.
Ministry of commerce and industry spokesman Musafir Qoqandi said,” we have informed Pakistan about the issue two months ago,if Pakistan doesn’t resolve the Afghan businessmen problems the following memorandum of understanding doesn’t mean anything.”
Pakistan has been using that rout and transit it goods to middle Asia in that past years, but couldn’t be a good partner to provide more facilities for Afghan traders to see their goods reached to Wagga port.
Business
Talks with neighboring countries underway for fresh fruit exports: Azizi
Acting Minister of Industry and Commerce Nooruddin Azizi has said that talks with neighboring countries have started for the export of fresh fruit this year.
Azizi added that the Ministry of Industry and Commerce wants the country’s fresh fruit to be exported to Uzbekistan, Kazakhstan and Iran in addition to Pakistan.
Members of the private sector call on the Ministry of Industry and Commerce to step up efforts to find new markets for Afghan exporters.
“We ask the authorities to determine the export routes before the harvesting season. We should find new markets instead of Pakistan. There is capacity for Afghanistan’s exports in the region, and action should be taken in this regard,” said Mirwais Hajizada, the deputy of Chamber of Agriculture and Livestock.
Economic experts say that the Ministry of Industry and Commerce should hold talks with Iran and Uzbekistan in addition to Pakistan for Afghanistan’s exports.
“There are many opportunities to sell our products in markets other than Pakistan. I hope the authorities will think about this. Grounds should be paved to access the markets of South Asia and the Gulf countries through Iran, and the markets of Central Asia through Uzbekistan,” said Mohammad Nabi Afghan, an economic expert.
Members of the private sector say that although Pakistan is the closest and largest market for Afghanistan’s dry and fresh fruits, doing business with it has always been challenging.
Business
Pakistan, Uzbekistan reaffirm commitment over rail project
Pakistan and Uzbekistan on Wednesday reaffirmed their commitment to early implementation of the Uzbekistan-Afghanistan-Pakistan Railways project which will boost trade within the region.
In a statement issued by Pakistan’s foreign office after a meeting in Islamabad between visiting Foreign Minister of Uzbekistan Bakhtiyor Saidov and Pakistan’s Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, the project “would give boost to bilateral and regional trade and become a bridge between South and Central Asia.”
Prime Minister Shehbaz Sharif also met with Saidov and emphasized the importance of the railway project and Pakistan’s commitment to its early completion.
Pakistan, Uzbekistan and Afghanistan had in February 2021 agreed to build a railway line across Afghanistan to connect Central Asia with Pakistani ports at an estimated cost of $4.8bn.
The railway project, spanning 760 kms, is scheduled for completion by the end of 2027, with the capability to transport up to 15 million tonnes of goods annually by 2030.
This rail link will notably decrease cargo delivery time between Uzbekistan and Pakistan by around five days, while also slashing transportation costs by at least 40 percent.
Business
Tatarstan businessmen keen to invest in Afghanistan’s oil and gas sector
The Ministry of Mines and Petroleum says that the head of the ministry has met with a number of visiting businessmen and representatives of oil and gas processing companies from the Republic of Tatarstan.
The ministry said at the recent meeting, the visiting businessmen outlined their experience and work in the field of oil and gas extraction and processing.
In a post on X, the ministry quoted the Tatarstan group as having acknowledged an “orderly system” in Afghanistan with complete security and favorable grounds to invest.
The visitors said at the meeting their companies are considering the possibility of investing in the survey, exploration and extraction processes of oil and gas in the country, as well as the refinement stage.
Shahabuddin Delawer, Acting Minister of Mines and Petroleum, welcomed the group’s enthusiasm and said “fortunately, Afghanistan has rich oil and gas resources in various areas,” adding that currently agreements are being drawn up regarding Herat’s oil and gas blocks – something which Tatarstan businessmen could invest in.
Delaware said that the Ministry of Mines and Petroleum is ready to cooperate in accordance with the relevant laws in order to facilitate investment.
Tatarstan, officially the Republic of Tatarstan, is a republic of Russia located in Eastern Europe.
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