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Tag Archives: Afghanistan

Azerbaijan to send export missions to Pakistan, Afghanistan

BAKU: Export missions of Azerbaijani entrepreneurs will visit Pakistan and Afghanistan in February 2017, said Azerbaijan’s Economy Ministry in a message posted on its website. The mission to Pakistan will be organized on Feb. 5-8, while the mission to Afghanistan on Feb. 9-11. Both missions are related to the fields of production of fruits and vegetables, mineral water, fruit juice, ... Read More »

Online customs clearance system approved for Afghanistan

KARACHI: In order to stop the misuse of transit trade facility, Afghanistan’s commerce ministry has been allowed the online custom clearance system to endow specifics of licences issued to Afghan importers. The Directorate General of Transit Trade of Pakistan Customs on Monday issued an order, directing importers of Afghanistan not to submit the copy of Jawaznama manually. Under the Customs ... Read More »

After CASA-1000 signing, Pak-Afghan-Tajik transit trade agreement in the pipeline

 ISLAMABAD: A new transit trade agreement among three regional countries closely interlinked with each other; Pakistan-Afghanistan and Tajikistan is likely to be signed in near future. All three countries developed an understanding during recent visit of the Afghan President Ashraf Ghani to Pakistan. Relations between the two states were established when the republic of Tajikistan became independent following the collapse ... Read More »

39 foreign drugs traffickers held in first 9 months: ANF  

  ISLAMABAD: Some 39 drug foreigner drugs smugglers hailing from Far East Asian, South Asian, European and African countries had been held by the Anti Narcotics Force from January to mid September this year. A UN report in 2012 stated that Pakistan could be free of poppy cultivation, but the country still provided a vital transit route for smuggling of ... Read More »

Trade between Pakistan, Afghanistan to be increased to $5b from $2.5b

ISLAMABAD: Pakistan and Afghanistan have agreed to enhance bilateral trade to $5 billion with next two to three years from current $2.5 billion. Afghan Finance Minister Hazrat Omer Zakhilwal has called on his Pakistani counterpart Ishaq Dar and discussed the trade and bilateral ties between the two countries. Dar said that Pakistan would complete a 100-bed Naeb Aminullah Khan Hospital ... Read More »

Commerce Ministry takes President Ghani’s possible visit as good omen for bilateral trade

Delegation of over 30 Afghan businessmen is likely to accompany Ghani Pakistan has always welcomed Afghan president’s focus on strengthening trade ties which would favour both economies   ISLAMABAD: The Commerce Ministry eyes a robust increase in bilateral trade with Afghanistan as a result of upcoming visit of Afghan President Ashraf Ghani to Pakistan. Ghani is expected to visit Pakistan ... Read More »

After sealing $42b pacts in China, PM leaves for Germany to enhance $2.5b trade

ISLAMABAD: Prime Minister Nawaz Sharif, after singing different agreements and Memorandums of Understanding (MoUs) worth $42 billion in China, is leaving for Germany to further boost the trade ties between the two countries. According to a message sent by Pakistan’s Embassy in Berlin, during the visit the premier will hold talks with German Chancellor Angela Merkel. In an interview to ... Read More »

Kissan Ittehad opposes Indian wheat supply to Kabul via Pakistan

LAHORE: The Pakistan Kissan Ittehad (PKI) has asked the government not to give transit facility to India to supply wheat to Afghanistan. Talking to Customs Today, PKI President Chaudhary Muhammad Anwar said that Pakistan was the only country where no subsidy was given to farmers.  He said that the prices of all agriculture inputs like seeds, fertilizers, electricity and diesel ... Read More »

Farmers reject govt raise of wheat support price at Rs1,300

ISLAMABAD: Farmers rejected wheat support at Rs1300 per 40kg for the 2014-15 crop by the government. Finance Minister Senator Mohammad Ishaq Dar increased support price of wheat at Rs1300 per 40kg for the 2014-15 crop by the government. The decision has been taken to facilitate the farmers’ community in the country, said a brief statement issued by the Finance Ministry ... Read More »

Economy Watch against Indian wheat supply to Afghanistan via Pak routes

KARACHI: Pakistan Economy Watch (PEW) maintained the other day that India should not be given transit facility to transport its wheat to Afghan market as it is against our national interests. Dr Murtaza Mughal of PEW said Indian wish, if realised, could have devastating impact on agriculture, agro-based industry and society of the country. The government should not allow India ... Read More »

IDB to finance $1.17 billion CASA-1000 project

 ISLAMABAD: The Islamic Development Bank (IDB) has given $1.17 billion Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) a push by agreeing on giving the project financial assistance. The World Bank had already agreed to give $526 million loan, about 50 per cent of the total cost, for the project which would help Pakistan overcome prevailing power shortage. The ... Read More »

Pak, Iran, Afghanistan for enhancing cooperation against narcotics trafficking

ISLAMABAD: Pakistan, Iran and Afghanistan have agreed to further enhance intelligence sharing and joint border patrolling to check narcotics trafficking. This consensus was evolved among anti narcotics force agencies of three countries at a two day trilateral conference held in Tehran on October 21 and 22. The conference is a triangular initiative held in three countries in rotation and this ... Read More »

Customs seizes 1200 kg crushed poppy heads

  ISLAMABAD: The Customs officials have seized 1,200 kg of crushed poppy heads from a mini truck (LES 08-7143) at Sangjani toll plaza on GT Road. This is said to be biggest raid in the department’s history. The drugs were being smuggled into Pakistan from Afghanistan. The raw material is used to prepare heroin and morphine. The price of the ... Read More »

New policy to appoint staff at trade missions abroad from next year: Dastgir

ISLAMABAD: New policy for the appointment of officers as commercial counsellors, commercial attachés and others at Pakistani trade missions abroad is likely to be implemented next year. “A complete new badge of officers at Pakistani Trade Missions will be sent and all the sitting officers will be called back by the Ministry of Commerce,” said Minister for Commerce Khurram Dastgir ... Read More »

23,898 containers left Karachi ports for Afghanistan

KARACHI: During the seven months of this year till September 30, a total of 23,898 containers left the two Karachi Ports; namely Karachi Port Trust and Port Bin Qasim, for Afghanistan under Web Based One Custom (WeBoc), the computerized system of Pakistan Customs. The two Karachi ports continue to facilitate not only commercial imports but also non-commercial cargoes to Afghanistan. ... Read More »

CASA-1000 Power project to cost $997m

ISLAMABAD: The Central Asia South Asia (CASA)-1000 power transmission project, signed between Kyrgyzstan, Tajikistan, Pakistan and Afghanistan, will be completed by June 30, 2020 and it will cost $ 997 million. Under the proposed project, initially 1300 MW electricity would be imported from the Kyrgyz Republic and Tajikistan and Pakistan would get 1,000MW of power while Afghanistan would receive the ... Read More »

Commerce Ministry fears fall in exports to Afghanistan after NATO withdrawal

 Ministry of Commerce official says they are looking for alternative markets to bridge gap in exports Afghanistan is second largest importer of Pakistani goods after United States   By M ARSHAD   ISLAMABAD: The Ministry of Commerce (MoC) has started looking for alternative markets to bridge a gap in exports due to possible reduction in Pakistani exports to Afghanistan after ... Read More »

Pakistan to receive 1,000MW initially through CASA-1000: Sartaj Aziz

ISLAMABAD: The power import through the Casa-1000 electricity transmission project can attain a level of 4,000 MW, Sartaj Aziz, the prime minister’s foreign affairs adviser, has said. The Casa project, on completion, will allow the Kyrgyz Republic and Tajikistan to sell their excess hydropower to fill supply gaps in Afghanistan and Pakistan. In start of the project, Pakistan will receive ... Read More »

US extols AfPak electricity transit pact

WASHINGTON: The United States has lauded electricity transit fees agreement between Pakistan and Afghanistan. On Saturday, Finance Minister Ishaq Dar and his Afghan counterpart Omar Zakhilwal signed agreement over transit pricing for the Central Asia South Asia electricity transmission project (CASA-1000) during the annual meetings of the World Bank and IMF in Washington DC. Parsing the agreement, the US State ... Read More »

Cess – in the name of development

In its effort to collect funds for infrastructural development, the government promulgated the Gas Infrastructure Development Cess (GIDC) Ordinance, 2014 last month despite the fact that the Supreme Court had earlier stopped the collections of funds under a similar law in 2011. The current ordinance has been issued to give a legal cover to the collection of funds from industrial ... Read More »