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Pakistan-Afghanistan Trade

Image: File photo by US Air Force via Wikimedia Creative Commons

Pakistan’s exports to Afghanistan declined by 25 pct: Official

India Blooms News Service | @indiablooms | Jan 15, 2022, at 10:52 pm

#Pakistan #PakistanAfghanistanTrade #Afghanistan

Khyber, Pakistan: Khyber Pakhtunkhwa chief collector (customs) Ahmad Raza Khan has said the trade volume between Pakistan and Afghanistan has reduced significantly ever since the Taliban took over the neighbouring nation on Aug 15.

Talking to reporters during a visit to Torkham, Ahmad was quoted as saying by The Dawn that Pakistan’s exports to Afghanistan had declined by more than 25 percent during the last six months due to a ‘fragile economic situation’ in Afghanistan due to the international sanctions imposed after the Taliban’s Kabul takeover.

He said that the weak Afghan economy had decreased the residents’ purchasing power, which badly hit trade between the two neighbouring countries.

The official said that the State Bank of Pakistan had introduced a new policy of exports to Afghanistan on Dec 13 requiring Afghan traders to show US dollars along with their passports at the time of entry to Pakistan to acquire Form-E for buying and importing Pakistani goods to Afghanistan.

Ahmad was quoted as saying by The Dawn that with the Afghan banking system nearly on the verge of collapse and their foreign exchange reserves almost dried up, the new trade policy failed to give the much-needed impetus to the bilateral trade.

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