Business

Pakistan’s trade delegation meets finance ministry officials in Kabul

Published

2 years ago

July 19, 2022

(Last Updated On: July 19, 2022)

Pakistan delegation discussed Tuesday with the finance officials of the Islamic Emirate of Afghanistan (IEA) regarding bilateral trade issues at Serena Hotel in Kabul.

This delegation arrived in Kabul on Monday evening and had an introductory meeting with the officials of the Ministry of Commerce and Industry, but the trade issues between the two countries will be discussed in three-day meetings.

Officials of the IEA said that the focus is more on the issue of coal export, adding that efforts are being made to find a solution to the existing problems so that the two countries can have commercial relations within the established framework.

“So far, this Pakistani delegation has met with the Deputy Minister of Commerce of Afghanistan and also discussed with the officials of the Ministry of Finance, and these discussions are still going on, but the details of the discussions have not been determined,” said Bilal Karimi, deputy spokesman of the IEA.

On the other hand, some economic experts said that the improvement of political and economic relations with regional and neighboring countries will lead the country towards economic convergence and these relations will increase investment in the country.

Pakistan delegation requested from the IEA officials to ease the coal exports while the price of this commodity has increased in the global market.

In the meantime, Geo news agency reported Tuesday that ahead of a Pakistani trade delegation’s visit to Kabul, the Islamic Emirate has raised the price of imported coal yet again.

Prime Minister Shehbaz Sharif recently announced the import of coal from Afghanistan for power generation, claiming that it will save the country approximately $2 billion. He said that the coal from Afghanistan will be priced in rupees rather than dollars.

Following the announcement by the prime minister, the IEA raised the price of imported coal from $90 per ton to $200 per ton, Geo reported.

Geo citing Afghan media reports as saying, the IEA has raised the price of coal yet again, this time by $80 per ton.

Geo reported quoting Ismatullah Burhan, spokesperson for Afghanistan’s Ministry of Minerals and Petroleum, the new price of coal will be $280 per ton, with immediate effect.

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Export volume totals over $140 million in last month of 1402

Published

2 days ago

April 17, 2024

Ariana News

(Last Updated On: April 17, 2024)

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.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

3 days ago

April 15, 2024

Ariana News

(Last Updated On: April 15, 2024)

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.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

5 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.