Business
Pakistan’s trade delegation meets finance ministry officials in Kabul
Pakistan delegation discussed Tuesday with the finance officials of the Islamic Emirate of Afghanistan (IEA) regarding bilateral trade issues at Serena Hotel in Kabul.
This delegation arrived in Kabul on Monday evening and had an introductory meeting with the officials of the Ministry of Commerce and Industry, but the trade issues between the two countries will be discussed in three-day meetings.
Officials of the IEA said that the focus is more on the issue of coal export, adding that efforts are being made to find a solution to the existing problems so that the two countries can have commercial relations within the established framework.
"So far, this Pakistani delegation has met with the Deputy Minister of Commerce of Afghanistan and also discussed with the officials of the Ministry of Finance, and these discussions are still going on, but the details of the discussions have not been determined," said Bilal Karimi, deputy spokesman of the IEA.
On the other hand, some economic experts said that the improvement of political and economic relations with regional and neighboring countries will lead the country towards economic convergence and these relations will increase investment in the country.
Pakistan delegation requested from the IEA officials to ease the coal exports while the price of this commodity has increased in the global market.
In the meantime, Geo news agency reported Tuesday that ahead of a Pakistani trade delegation's visit to Kabul, the Islamic Emirate has raised the price of imported coal yet again.
Prime Minister Shehbaz Sharif recently announced the import of coal from Afghanistan for power generation, claiming that it will save the country approximately $2 billion. He said that the coal from Afghanistan will be priced in rupees rather than dollars.
Following the announcement by the prime minister, the IEA raised the price of imported coal from $90 per ton to $200 per ton, Geo reported.
Geo citing Afghan media reports as saying, the IEA has raised the price of coal yet again, this time by $80 per ton.
Geo reported quoting Ismatullah Burhan, spokesperson for Afghanistan's Ministry of Minerals and Petroleum, the new price of coal will be $280 per ton, with immediate effect.
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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