Business
Pakistan’s exports to Afghanistan up 2.8% in five months
Pakistan’s exports to Afghanistan witnessed an increase of 2.83 percent during July-November 2022 as compared to the exports of corresponding period in 2021, Pakistani media reported on Thursday.
Pakistan’s overall exports to Afghanistan were recorded at US $213.282 million during July-November 2022 against exports of US $207.407 million during July- November 2021, showing growth of 2.83 percent, The Nation reported citing Pakistan central bank’s data.
On year-to-year basis, the exports to Afghanistan however decreased 23.46 percent from $48.686 million in November 2021, against the exports of $37.263 million in November 2022.
Meanwhile, on month-on-month basis, the exports to Afghanistan also decreased by 23.73 percent during November 2022 as compared to the exports of $48.860 million in October 2022, the report said.
Overall Pakistan’s exports to other countries witnessed a decrease of 2.01 percent in first five months, from US $12.313 billion to US $12.065 billion.
On the other hand, the imports from Afghanistan into the country during the period under review was recorded at $11.523 million against $73.120 million last year, showing decline of 84.24 percent in July- November 2022. On year-on year basis, Pakistan’s imports from Afghanistan also decreased by 94.58 percent from $25.368 million in November 2021, against the imports of $1.373 million in November 2022, according to the report.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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