Connect with us


Pakistan’s export volume to Afghanistan increases



(Last Updated On: December 13, 2023)

Pakistan’s Central Bank has announced a 2.65% increase in the country’s exports to Afghanistan during the third quarter of this year.

The bank stated in its latest report that from July to October, Pakistan’s export volume to Afghanistan was about $186.7 million dollars, against $176.2 million in the same period last year.

However, the report indicated that Pakistan’s imports from Afghanistan dropped by 81.3% for July to October period this year.

Afghanistan mostly exports dry and fresh fruits and coal to Pakistan, but the export of coal has significantly dropped.

According to the Afghanistan Chamber of Commerce and Investment (ACCI), a large percentage of the country’s food, including rice and flour, is imported from Pakistan, along with other items such as cement, plastic, and spices.

Khan Jan Alkozai, a member of the board of directors of the Afghanistan Chamber of Commerce and Investment, confirmed that the level of Pakistan’s trade with Afghanistan has decreased greatly and said: “We used to trade three billion dollars [a year] with Pakistan, which has now decreased to one billion dollars. On the other hand, Afghanistan’s exports to Pakistan have also decreased a lot.”

Alkozai said that Afghanistan has already found alternative trade partners including Iran, which is now sitting at $2.5 billion dollars a year.

He said Afghanistan’s trade with China and India has also increased and Afghanistan’s trade with Central Asia now totals $800 million dollars.

According to the latest World Bank report published on December 4, despite the 19% decrease in Afghanistan’s exports to Pakistan, this country is still Afghanistan’s largest export market.

The report states that Afghanistan exports 54% of its commercial goods to Pakistan, of which 73% of exports include food and coal.

The World Bank also stated that Afghanistan’s total exports to Pakistan decreased by 19% this year. Afghanistan meanwhile imports 18% of consumer goods from Pakistan and the rest from Iran, China and the United Arab Emirates.


A company will invest $27.5 million in ruby mining on the outskirts of Kabul



(Last Updated On: February 23, 2024)

The Ministry of Mines and Petroleum on Friday announced that Ariana Highland Company will invest $27.5 million in the extraction of Jegdalek ruby mine on the outskirts of Kabul.

In a statement, the ministry said that the bidding ceremony for the mine was held again with the participation of Ariana Highland and Mirza Sultani companies, adding that the former won it by accepting 44 percent share for the Islamic Emirate.

Based on the statement, Ariana Highland Company will spend $5 million in the social services.

Jegdalek ruby deposit is located 100 km from Kabul city, in the southwest of Surobi district, and it covers 6.9 square kilometers.

Continue Reading


MoU signed for start of Trans-Afghan railway feasibility studies



(Last Updated On: February 20, 2024)

The Afghanistan Railway Authority (ARA) announced on Tuesday a memorandum of understanding (MoU) had been signed for feasibility studies on the Trans-Afghan railway project.

ARA said that the head of the organization, Bakhtur Rahman Sharafat, signed the MoU during his visit to Uzbekistan on Monday. The MoU was signed between Uzbek and UAE officials and Afghanistan.

ARA said once the feasibility study has been completed, results will be shared with various stakeholders including financial institutions, countries and businessmen from Afghanistan, Uzbekistan and Pakistan.

Officials attending Monday’s meeting also decided a virtual meeting would be held on Wednesday with Qatari and Pakistani officials.

The Trans-Afghan railway once completed will connect Central Asia with South Asia.

Starting in Balkh’s Mazar-e-Sharif, the 647km line will pass through Samangan, Baghlan, Bamiyan, Maidan Wardak, Logar and Paktia provinces and on to Pakistan.

This project has been under discussion for many years. After regaining power, the Islamic Emirate approved the initial survey which was successfully completed by the technical teams of Afghanistan, Uzbekistan, and Pakistan Railways.

ARA has meanwhile said it once again invites countries, financial organizations and businessmen to invest in Afghanistan railway projects.

Continue Reading


Import, export volumes total $7.5 billion in 1st nine months of this solar year



(Last Updated On: February 19, 2024)

Afghanistan’s export and import volumes totaled $7.5 billion in the first nine months of this solar year – 1402, the National Statistics and Information Authority (NSIA) said on Monday.

NSIA said exports totaled $1.35 billion while imports amounted to $6.22 billion.

Last solar year, 1401, saw exports total $1.37 billion while imports totalled $5.12 billion.

NSIA said most exports went to Pakistan ($689.9 million), followed by India ($463 million) and the UAE ($32 million).

The most popular export item was dried fruit, which totaled $342.7 million. Medicinal plants, minerals and fresh fruit were second, third and fourth respectively.

The authority stated that the most imported items in the first nine months of this solar year came from Iran and totaled $1.31 billion.

Goods from Pakistan followed totaling $1.15 billion and then China with goods worth $1.14 billion.

Imports were dominated by fuel, petroleum and gas, at $1.1 billion, followed by machinery, vehicles and spare parts which totaled $691.9 million.

Other high volume goods included textiles, metals and metal products.

Continue Reading


Copyright © 2022 Ariana News. All rights reserved!