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India to export 50,000 tonnes of wheat to Afghanistan

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(Last Updated On: April 30, 2020)

India will export 50,000 tonnes of wheat to Afghanistan under a government to government (G2G) arrangement, the India Times reported.

“NAFED (National Agricultural Cooperative Marketing Federation of India) has been asked to export 50,000 tonnes to Afghanistan through diplomatic route,” a senior official of the Indian agriculture department has told the Times.

According to the report, the official said that India has been producing more than 100 million tonnes for the last three years and there is surplus wheat in granaries to feed the country.

Since India has produced more wheat than it consumes, New Delhi has decided to export the grain to Afghanistan and Lebanon after receiving requests from the two countries, Indian Minister of Agriculture and Farmer Welfare Narendra Singh Tomar said in a Tweet.

The country is expecting a record wheat production of 106.21 million tonnes this year – 2.61 million tonnes more last year’s output.

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Pakistan’s customs agent says exports to Afghanistan dwindle

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(Last Updated On: September 24, 2021)

Hundreds of trucks lined the winding, mountainous road leading to Torkhum, the Pakistan-Afghan border crossing on Thursday.

Pakistani officials say that is because exports to Afghanistan have dwindled in the days after the Islamic Emirate of Afghanistan (IEA) take over.

But some truck drivers were upbeat because they said the vegetable and fruit season in Afghanistan had helped increase exports of these items from the war-ravaged country.

Another Pakistani official at another Pakistan-Afghan border Chaman said trade had picked up because the IEA government had reduced taxes, and also put an end to bribes that traders and truck drivers had to pay to cross the border.

Afghan new government bolstered its economic team last week, naming a commerce minister and two deputies as the group tries to revive a financial system in shock from the abrupt end to billions of dollars in foreign aid.

Underlining the economic pressures building on Afghanistan’s new government, prices for staples like flour, fuel, and rice have risen and long queues are still forming outside banks as they strictly ration withdrawals.

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Motorists concerned about rising fuel prices in Afghanistan

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(Last Updated On: September 20, 2021)

Afghans have raised concerns over the increase in fuel prices on the local market, despite the resumption of fuel imports from neighboring countries.

Officials from Balkh’s Chamber of Commerce and Investment said last week that imports of fuel and gas through Hairatan and Aqina ports have resumed.

Motorists have however called on the Islamic Emirate to monitor and control market prices.

According to them, petrol currently costs 65 AFN per liter; diesel is 56 AFN; and gas costs between 72 and 80 AFN per kilogram in Kabul.

The Council of Fuel Merchants, however, says that limited access to cash and banking transactions, along with a monopoly of the industry by a few companies, are the key reasons for rising fuel prices.

Mohammad Asif, a member of the organization, stated: “If the Islamic Emirate wants to control the issue, they should control it at the [border] customs. Although [import] tariffs have been cut by 50%, prices are still high due to a monopoly of imports by some companies. They (merchants) set prices as they wish.”

Khan Jan Alokozay, Deputy Head of the Chamber of Commerce and Investment, stated: “The problem is that wholesalers have not set the market price, and when retailers distribute the goods to other areas that causes an increase in rates.”

People also called on property owners to reduce rental rates of houses in Kabul city, amid a looming economic crisis in Afghanistan.

Landlords, however, stated that the average rental has dropped by 50% compared to last year.

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Private sector calls for implementation of economic projects

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(Last Updated On: September 17, 2021)

Afghanistan’s private sector on Thursday called on the new government to implement large, regional projects saying this will create job opportunities, which will in turn reduce poverty and increase government revenue.

“There are many opportunities in the country. TAPI, CASA-1000, Railways, Belt and Road, [these] projects should be implemented; it is very important for the country. It is beneficial for Afghanistan. Taliban (Islamic Emirate) should take it seriously,” said Khan Jan Alokozay, a member of the Afghanistan Chamber of Commerce and Investment.

Some members of the country’s craftsmen association said the Islamic Emirate should start with projects that connect Central Asia to South Asia, in order to push Afghanistan’s economy.

“Our country has the capacity to implement large projects between Central Asia and South Asia. We call on Taliban (Islamic Emirate) to address the projects, said Abdul Jabar Safi, head of the association.

The Islamic Emirate meanwhile has stated that they are focusing on projects and that work on these will start soon.

Economic analysts, on the other hand, have stated that work on such projects should be accelerated.

“Attention should be paid to these projects, in order to move to a stable economy. Afghanistan needs such projects now,” said Abdul Wasi, an economic analyst.

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