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Pakistan’s exports to Afghanistan increases by 32%

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Pakistan’s export volume to Afghanistan has increased by 32 percent from $500 million to $658 million in the first eight months of the fiscal year 2022-2023.

Similarly, trade between the two countries increased from July to February of the current fiscal year, rising by 28 percent to $1.33 billion from $1.04 billion, Pakistan’s the Nation reported.

The import of goods from Afghanistan also showed an increase of 24 percent, from $544.17 million to $675.01 million during the eight months, the report stated.

The export of tractors jumped by 808%, from $0.81 million to $7.34 million, and motorcycles by 591%, from %0.79 million to $5.49 million within the eight months of the fiscal year.

In addition, the export of pharmaceutical products to Afghanistan has increased by 214% from $28.52 million to $89.60%, and rubber by 165$ from $3.02 million to $8.01 million from July to February, of the current fiscal year.

Simultaneously, plastic products, kitchen utensils, rice, and cement exports have increased tremendously during the eight months of the current fiscal year. The export of cement increased by 19 percent during the ongoing fiscal year.

According to the State Bank of Pakistan, the country’s exports to Afghanistan were recorded at US $285.177 million from July-January (2022-23) against US $257.888 million in exports from July-January (2021-22), showing growth of 10.58 percent.

Meanwhile, “Afghanistan is exporting about 10,000 tons of coal daily to Pakistan,” a recent SIGAR report said. “Between June and July 2022, the Islamic Emirate tripled prices on coal exports to raise revenue from its mining sector amid booming coal export to Pakistan,” the report said.

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Shoemaking industry in Takhar province facing stagnation

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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.

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Daily truck clearances at Torkham drop from 400-500 to 5-10

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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.

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Turkish scholars, charity officials assess investment prospects in Afghanistan

Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan

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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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