Business
Torkham crossing closure causes significant losses for wholesalers in Islamabad, Rawalpindi
The prolonged closure of the Torkham crossing amid Pakistan-Afghanistan tensions has caused severe financial losses for wholesale traders in Rawalpindi and Islamabad. Dozens of major and mid-sized wholesalers report losses ranging from $141,000 to $531,000, with some previously prosperous traders now facing near-ruin, local media reported on Friday.
Advance payments for high-value consignments of Afghan produce — including grapes, Kandahari pomegranates, vegetables, and dried fruits — have gone to waste as containers remain stranded on the Afghan side. Afghan suppliers have refused to reimburse losses, arguing that goods were shipped per contract, the Express Tribune reported.
The disruption has pushed prices of grapes and pomegranates in the twin cities to more than $2 kilogram, also affecting domestic produce prices. Traders are urging the Pakistani government to negotiate with Afghan authorities to allow the release of stranded containers, even if future orders are paused.
Previously, crossing closures lasted only a week to 10 days, but the extended shutdown has left wholesalers scrambling for loans to continue local trading, while trucks carrying Pakistani goods remain stuck, causing reciprocal losses.
Durand Line crossings have remained closed since October 11, following ground fighting and Pakistani airstrikes in Afghanistan.
Business
Imam Abu Hanifa exhibition to draw exhibitors from more than 20 countries
Representatives from more than 20 countries are expected to attend, including Russia, India, Türkiye and Japan.
The fifth Imam Abu Hanifa National and International Exhibition will be held in Kabul from October 7 to 13, the Afghanistan Chamber of Commerce and Investment (ACCI) says.
Representatives from more than 20 countries are expected to attend, including Russia, India, Türkiye and Japan.
Ahmad Shakil Hazim, ACCI’s Deputy for Policy and Technical Affairs, said the exhibition would give traders, investors and producers an opportunity to showcase their products and expand business ties with international markets.
Economic experts say international trade exhibitions can strengthen commercial relations between Afghan and foreign businesses and help attract investment.
The fourth edition of the exhibition was held in Kabul last year, with officials saying trade agreements and contracts worth more than $700 million were signed between Afghan and foreign traders on the sidelines of the event.
Business
Afghanistan, Russia discuss expanding trade cooperation
The Ministry of Industry and Commerce said the two sides described the meeting as productive and stressed the need to further expand economic and trade relations between Afghanistan and Russia.
Afghanistan and Russia have discussed ways to expand economic and trade cooperation, including increasing exports of Afghan products to Russia and importing Russian machinery and technology into Afghanistan.
Afghanistan’s Minister of Industry and Commerce Nooruddin Azizi met with Nikita Kornienko, Minister of International and Interregional Cooperation of Russia’s Chelyabinsk Region, and his delegation, according to the ministry.
The talks focused on strengthening economic ties, improving coordination between traders from both sides, expanding exports of Afghan goods to Chelyabinsk, importing Russian machinery and modern technologies, and enhancing banking cooperation.
Azizi highlighted the need to increase Afghan exports to Russia and said Afghanistan was ready to establish a distribution centre for Russian goods in Afghanistan and a market for Afghan products in Chelyabinsk.
Kornienko welcomed greater trade cooperation with Afghanistan and invited a delegation from the Islamic Emirate, including private-sector representatives, to visit Chelyabinsk to help strengthen coordination between traders from both sides.
The Ministry of Industry and Commerce said the two sides described the meeting as productive and stressed the need to further expand economic and trade relations between Afghanistan and Russia.
Business
Afghanistan and Uzbekistan sign 20 trade MoUs worth $267 million
Afghanistan’s Ministry of Industry and Commerce says 20 trade memorandums of understanding (MoUs) worth $267 million have been signed following business meetings between Afghan traders and private-sector representatives and officials from Uzbekistan’s Kashkadarya province.
The agreements were signed on the sidelines of a business networking conference between Afghan private-sector representatives and Kashkadarya in Kabul. Officials from Afghanistan’s Ministry of Industry and Commerce, representatives of Kashkadarya province, Uzbekistan’s ambassador to Kabul, and private-sector representatives from both countries attended the conference.
Ahmadullah Zahid, Deputy Minister of Industry and Commerce, said economic relations and trade between Afghanistan and Uzbekistan have increased following visits by delegations from both sides.
He stressed the need to simplify trade and transit procedures and remove existing obstacles. He also said Afghanistan is ready to discuss the transit of its export goods through Uzbekistan.
Shahret Muradov, Deputy Governor of Kashkadarya, said the province is ready to expand trade and industrial cooperation with Afghanistan and host Afghan delegations and traders.
The agreements cover sectors including food products, clothing, construction, livestock, electronic equipment, and furniture.
-
International Sports4 days agoIranian clubs to face Gulf opponents at neutral venues in Asian Champions League Elite
-
Latest News5 days agoPutin: Russia in close contact with Tajikistan over Afghanistan security
-
Sport4 days agoAriana Television Network secures exclusive rights to Afghanistan’s 2026/27 cricket series
-
Latest News2 days agoKhyber Chamber demands reopening of Torkham crossing
-
Regional2 days agoSyria begins destroying Assad-era chemical weapons
-
World2 days agoSouth Korea reviews military options for Strait of Hormuz
-
Latest News4 days agoUzbekistan urges SCO to resume regular dialogue with Afghanistan
-
Latest News1 day agoRussian official: West seeks military infrastructure in Central Asia, citing Afghanistan threat
