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Trade volume between Pakistan and Afghanistan increases by 66% in past year

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(Last Updated On: October 13, 2022)

Bilateral trade volume between Pakistan and Afghanistan has increased by 66.60 percent since the takeover of the Islamic Emirate of Afghanistan (IEA) in August last year.

Pakistan Today reported that in August 2021, trade volume totaled $128 million but has since risen to $213 million.

Pakistan exports totaled $88.30 million in September, compared to $49 million in September last year.

Afghanistan exports to Pakistan also increased substantially – by 58 percent from $79.11 million to $125.40 million in the past year.

Export of goods to Afghanistan such as rice, fresh vegetables, medicines, fresh fruits, confectionery items and dairy products increased in September 2022. However, items such as tableware, household articles, and plastics, decreased in September.

Pakistan Today reported that agricultural exports to Afghanistan increased by 67 percent from $76.69 million to $127.95 million in the 1st Quarter of this fiscal year compared to last year.

Pakistan’s main agricultural export items are vegetables, fats, food preparation products, rice, potatoes and bananas.

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Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

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(Last Updated On: April 19, 2024)

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.

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

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(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.

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(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.

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