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.
Business
Afghanistan raises import tariffs on several goods to support domestic industry
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Afghanistan’s Ministry of Finance says it has increased customs tariffs on several imported goods as part of measures aimed at supporting domestic production and industrial growth.
The ministry said the Tariff Committee approved the changes during its third meeting of the 1405 solar year.
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Tariffs on leather footwear and plaster have each increased from 50% to 80%, while the rate on sanitary diapers has risen from 20% to 25%.
At the same time, the tariff on heart springs has been reduced from 8% to 3.5%.
The Ministry of Finance said customs tariffs on cement, iron pipes, refrigerators and raw materials used in carpet production are also under review.
According to the ministry, the tariff adjustments are intended to protect domestic industries, strengthen local production and create conditions for further growth in trade.
Business
Afghanistan-Kazakhstan trade reaches $581 million in six months
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Trade between Afghanistan and Kazakhstan reached $581 million in the past six months, officials in Afghanistan’s western Herat province said.
The figure was discussed during a meeting between Herat Governor Noor Ahmad Islam Jar and a Kazakh delegation led by Yerkin Tukumov, Kazakhstan’s special representative for Afghanistan.
Tukumov stressed the need to expand transit capacity and remove customs barriers to facilitate increased trade between the two countries. He also invited Afghan officials to attend a joint economic meeting scheduled to take place in Kazakhstan.
Islam Jar highlighted Herat’s strategic location and security, describing the province as having significant potential to serve as a hub for investment and regional trade.
Afghanistan and Kazakhstan have previously discussed expanding trade in agricultural products, including Afghan agricultural exports in exchange for flour imports from Kazakhstan.
The two sides have also reached understandings on cooperation over the Torghundi-Herat railway project, which is intended to strengthen transport and trade links.
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Business
Ariana Afghan Airlines increases Kabul-Delhi cargo flights
Ariana Afghan Airlines has increased cargo flights between Kabul and Delhi to facilitate the transportation of commercial goods and support Afghan traders.
In a statement issued Saturday, the airline said it will now operate two scheduled cargo flights daily on the Kabul-Delhi route, up from one flight per day previously.
The airline said Afghan traders and commercial companies can use the daily cargo services to transport their goods quickly, safely and reliably between Afghanistan and India.
Ariana Afghan Airlines said it is working to further expand and improve its air cargo services to support trade, meet the needs of Afghan traders and facilitate Afghanistan’s exports and imports.
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