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Pakistan’s trade delegation meets finance ministry officials in Kabul

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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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Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan

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Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.

The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.

Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.

Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.

One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.

According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.

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Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation

The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.

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The Embassy of the Islamic Emirate of Afghanistan in Kyrgyzstan says the Afghanistan-Kyrgyzstan Business Forum has been held with the participation of officials from both countries.

According to a statement issued by the embassy, Acting Ambassador Abdul Shakoor Haqqani said Afghanistan supports strengthening bilateral trade relations and promoting joint economic initiatives between the two countries.

The statement added that the two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council. The council aims to strengthen ties between business communities, coordinate joint initiatives, and expand and support economic projects.

Meanwhile, Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment, arrived in Kyrgyzstan on Saturday at the head of a trade delegation to participate in the forum.

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Afghanistan invites Turkish investors to expand joint investments

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

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A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.

According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.

The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.

During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.

The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

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