English | دری

Torkham closure causes $3bn in losses to Pakistan

in Afghan Business

Torkham closure causes $3bn in losses to Pakistan

Pakistan’s move to shut down Torkham border has backfired, inflicting a USD 3bn dollar onto its economy.

According to Afghanistan’s Chamber of Commerce and Industry (ACCI), Torkham closure has resulted in replacement of Pakistani products in Afghan local markets with Iranian, Turkish and Indian products.

Meanwhile, some businesses and retailers said that prices of goods have risen sharply due to closure of Torkham border, but at the same time sale of domestic products has gone up considerably.

ACCI Vice Chairman Khan Jan Alokozay said Pakistan has jeopardized its years long of work to establish a foothold in Afghanistan and central Asia markets.

Pakistan sealed the Torkham and Chaman crossings on February 16 following a series of suicide attacks that killed more than 130 people across the country.  The Pakistani authorities blamed the violence on Tehreek-e-Taliban Pakistan and other armed groups.

The country’s defense authorities claimed the border was being used “as a thoroughfare” by Pakistani Taliban fighters and decided to seal it in a bid to have a proper border management with Afghanistan.



Related Articles

Afghanistan, India set to further strengthen ties

President Ashraf Ghani paid a state visit to India from 27-29 April and met with President Pranab MukherJee, Prime Minister

Commodity rates remain stable in Kabul market

(Pajhwok Afghan News Weekly Price Report) The prices of essential daily-use commodities stayed stable during the outgoing week in Kabul,

Afghanistan’s exports up by 12%

Afghan Minister of Commerce and Industries Humayon Rasa announced Afghanistan’s trade deficit was gradually moving toward positive as exports have

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Your e-mail address will not be published.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.