Business
Pakistan, China discuss expansion of CPEC to Afghanistan
Pakistani and Chinese officials on Monday discussed the possibility of Afghanistan joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project.
The idea to extend CPEC, the central part of the Belt and Road Initiative, was discussed during a meeting between China’s special envoy on Afghanistan Yue Xiayong and Foreign Secretary Sohail Mahmood in Islamabad.
An official statement said the two sides exchanged views on the political and security situation in Afghanistan, humanitarian assistance by Pakistan and China to Afghanistan, and other matters of mutual interest.
“In the context of regional connectivity, both sides exchanged views on extension of CPEC to Afghanistan to promote economic development and prosperity,” read the statement.
The foreign secretary underscored Pakistan’s commitment to a peaceful, stable, prosperous, and connected Afghanistan. He highlighted the provision of humanitarian assistance to Afghanistan, including Pakistan’s relief efforts in the wake of devastating earthquake in eastern Afghanistan on 22 June 2022.
He also stressed the importance of unfreezing of Afghanistan’s foreign reserves and facilitation of banking operations to ease the economic hardships of the Afghan people and help build a sustainable economy.
The foreign secretary further underlined the importance for the Afghan side to address the international community’s expectations regarding inclusivity; respect for the rights of all Afghans, including girls’ education; and effective counter-terrorism measures.
He underscored that the international community’s focus should not be diverted from the dire situation in Afghanistan owing to events taking place elsewhere.
Chinese envoy Yue Xiaoyong appreciated the important and constructive role played by Pakistan in the context of Afghanistan. Both sides agreed that only a peaceful, stable and connected Afghanistan could act as a fulcrum for enhanced regional trade and connectivity.
Earlier, the Chinese special envoy for Afghanistan held talks with his Pakistani counterpart Mohammad Sadiq. Both sides took stock of the evolving situation and discussed humanitarian assistance, infrastructure development, as well as trade and transit initiatives.
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.
-
Sport4 days ago
Zimbabwe’s opening ODI against Afghanistan abandoned
-
World3 days ago
North Korean troops suffer 100 deaths, struggling in drone warfare, South Korea says
-
Latest News2 days ago
Afghan men must stand with women to support viable future of country: US envoy
-
Latest News3 days ago
Two horror accidents on Kabul-Kandahar highway leave 52 dead
-
Sport3 days ago
Afghanistan crush Zimbabwe by 232 runs in second ODI
-
International Sports4 days ago
Lanka T10: Kandy Bolts in at 4th spot in playoffs after thrilling day
-
Regional4 days ago
Iran’s president to make rare visit to Egypt for D-8 summit
-
Tahawol5 days ago
Tahawol: Latest developments in Syria reviewed