English | دری

Pakistan further intensifies restrictions on borders with Afghanistan

in Afghan Business

Pakistan further intensifies restrictions on borders with Afghanistan

The Pakistani government announced extra security measures and border restrictions on its borders with Afghanistan following a deadly attack on a Sufi shrine in Sindh province on Thursday.

Pakistan’s enforcement of new border restrictions has led to uncertainties within the business communities in the two countries.

According to the Afghanistan Chamber of Commerce and Industries (ACCI), Pakistan’s enforcement of new border restrictions will only harm their own economy.

The Chamber warned that this move would impede Pakistan’s access to Afghan and central Asian markets and would have negative repercussions on its national economic growth and development.

Presently, the trade balance between Afghanistan and Pakistan stands at USD 1.5bn, of which, 85% of the share is made up of Pakistan’s exports to Afghanistan.

 Moreover, Pakistan’s trade volume with central Asian countries is around USD 4bn.

Afghanistan is on the verge of becoming Iran’s biggest export destination, with Afghanistan importing USD 2.8bn worth of goods from Iran annually.

According to Nasir Ahmad, Afghan envoy to Iran, A third of Afghanistan’s domestic demand for goods from Iran enters the country through the Dogharoun border terminal located in the border city of Taybad in Khorasan Razavi Province.



Related Articles

Corruption persists in customs department- Minister Zakhilwal

Afghan Finance Minister Hazrat Omar Zakhilwal called on Ministry’s officials to tackle the issue of corruption in the customs department.

Gemstones worth USD 267mn smuggled annually out of Afghanistan to Pakistan

A study conducted by a Kabul University lecturer with the help of an aid organization shows that Afghanistan’s precious and

Afghanistan’s New Policy for National Trade to be initiated

Ministry of Commerce and Industries has initiated a new policy in order to meet the challenges in the old national

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.