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Pakistan’s commerce delegation wraps up ‘successful’ trip to Kabul

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Pakistan’s Charge d’Affaires for Afghanistan, Ubaid-ur-Rehman Nizamani said in a video message on Wednesday that the recent talks between Islamabad’s commerce delegation and Afghan officials had been “successful” and that he hoped this would give fresh impetus to bilateral trade between the two countries.

“I’m happy to report that this was a successful visit and both sides have agreed to work together for mutual benefit on a number of areas.

“They will facilitate transit, they will facilitate bilateral trade and they will take all possible measures that create an environment for continuous and productive trade and economic relations between the two countries,” he said.

The delegation, led by Commerce Ministry Secretary Khurram Agha, arrived in Kabul on Monday and had numerous talks on various issues with Islamic Emirate officials.

The visit came amid deteriorating bilateral relations following several suicide attacks in Pakistan in the last couple of months that Islamabad attributes to the Tehreek-e-Taliban Pakistan (TTP) militants, a group they claim is based in Afghanistan.

Diplomatic tensions between the two countries over the last few months have led to economic losses, as key border crossings for trade and travel have closed intermittently, resulting in goods trucks being held up at border posts.

Afghanistan’s Minister for Industry and Commerce Nurudin Azizi meanwhile said the IEA had held fruitful negotiations in a cordial environment with the visiting delegation.

“We discussed in detail with the Pakistani side specific issues related to heavy transport vehicles that will be resolved,” he said.

“We will achieve positive results as our discussions remained productive.”

Azizi said Afghanistan expected to sign a formal agreement with Pakistan within six months, allowing Pakistani trucks to enter Afghanistan and travel to the Central Asian states and Afghan trucks to go all the way to the Pakistani port cities of Karachi and Gwadar.

Apart from discussing trade-related issues, the two sides also focused on movement of passengers, patients and businesspeople across their common border during these talks.

Azizi noted uninterrupted trade and business between Kabul and Islamabad would play a significant role in creating a peaceful environment between the two countries and facilitate their economic development.

He said the two sides also pledged to enhance their existing trade volume, adding that both countries could become ideal markets for each other if they did not allow business to be affected by any geopolitical tensions.

Azizi also said Afghanistan could export agricultural products to China and other countries via Pakistan’s ports and cities.

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Commerce ministry steps up efforts to grow export market

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The Ministry of Commerce and Industry says that they have increased marketing efforts for domestic products to be sold on global markets.

Officials said markets of Central Asia and Russia are viable markets for Afghan goods and that they are trying to hold expos in these countries.

They also said that large expos of Afghan products will be held in Uzbekistan, Russia and Kazakhstan in the near future. Nooruddin Azizi, the acting minister of commerce and industry, said his ministry has increased marketing efforts in order to supply foreign markets with domestic products. He said Central Asia and Russia have proved to be stable markets for local goods.

Meanwhile, the Afghanistan Chamber of Commerce and Investment (ACCI) said there is no doubt that the markets of Central Asia and Russia are among the best markets for exported goods, but that the Islamic Emirate should pave the way for more exports and for technical issues to be resolved.

Economic experts believe that the marketing of Afghan products in global markets is one of the most important responsibilities of the relevant institutions in the government so that Afghanistan’s trade with other countries can flourish.

Afghanistan currently has good trade relations with Central Asian countries, and if these relations expand, more goods will be exported from Afghanistan, experts have said.

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Siberian oil and gas businessmen meet with Delawar for talks

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Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.

According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.

In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.

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Supreme leader approves budget for 1403 solar year

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The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”

This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.

As with the previous year, the budget has been drawn up exclusively using domestic revenues.

The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.

All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.

No further details were given.

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