Business
Afghan cargo trucks can travel freely to all parts of Pakistan
The officials of the Islamic Emirate of Afghanistan (IEA), and Pakistan agreed that from now on Afghan trucks will not be unloaded in Peshawar and Quetta of Pakistan.
The IEA and the Pakistani delegation in Kabul agreed in Tuesday’s meeting that from now on Afghan trucks will not be unloaded in Peshawar and Quetta, but will travel freely to all parts of Pakistan.
According to IEA, the same facility has been considered for Pakistani trucks when crossing Afghanistan to the Central Asia countries.
The two sides have also agreed to keep the price of coal unchanged and to facilitate trade in this field.
The two sides have also formed a joint committee for further monitoring.
In a separate meeting with IEA’s acting foreign minister, the Pakistani delegation has once again emphasized the expansion of trade relations between the two countries and said that they want to jointly invest with Afghan investors in electricity generation so that Pakistan can get electricity instead of importing coal from Afghanistan.
In this meeting, Amir Khan Muttaqi, the IEA’s acting foreign minister, emphasized that the policy of the Islamic Emirate is to make Afghanistan the economic crossroads of the region.
Both the Ministry of Foreign Affairs and the Pakistani delegation agreed that they will provide the necessary facilities in the fields of export, import and passenger movement between the two countries.
Afghan Acting Minister of Industry and Commerce Nooruddin Azizi on Tuesday said that the country is holding talks with a Pakistani delegation to sign an agreement to facilitate bilateral trade.
A trade delegation from Pakistan, led by Commerce Secretary Saleh Farooqui, arrived in Kabul on Monday evening to hold talks on coal imports as well as transit and barter trade between the two countries.
"The barter trade, which is a serious issue for Afghan traders, cross-staffing, the trade of materials, and coal will be discussed," the acting Minister of Commerce and Industry Azizi said. Pakistan's Commerce and Industry Ministry had earlier said that delegates will hold talks regarding trade, transit and transportation with the Afghan authorities.
Afghanistan Chamber of Commerce and Investment (ACCI) had also said that Islamabad was trying to boost its trade with Afghanistan, local media reported.
Kabul had earlier raised coal prices for Pakistan, two days ahead of the delegation's visit. The coal price has increased from USD 200 to USD 280 per tonne. The price of coal was increased owing to the constant surge of price in the global market, Afghanistan's Ministry of Minerals and Petroleum spokesperson Ismatullah Burhan said adding that 10,000 tons of coal are exported to Pakistan every day earning the country millions.
Earlier this month, the IEA had increased the price of coal by 30 percent after Pakistan Prime Minister Shehbaz Sharif approved importing of coal from Afghanistan. As per Sharif, Pakistan would save more than two billion dollars by importing coal from Afghanistan.
Sharif had approved the import of super-critical quality coal from Afghanistan in Pakistani rupee instead of dollars to help generate low-cost electricity in his country.
Business
Shoemaking industry in Takhar province facing stagnation
A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.
According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.
The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.
Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”
Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”
Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.
Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”
A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.
Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”
However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.
Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”
Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.
Business
Daily truck clearances at Torkham drop from 400-500 to 5-10
Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.
SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.
He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.
Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
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