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World Bank agrees to help build Peshawar-Kabul highway

The World Bank has agreed in principle to finance the Peshawar-Kabul highway which will help boost intra-regional trade. According to Pakistan’s Dawn website, Finance Minister Ishaq Dar met with senior officials of the World Bank group in Washington last week

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Afghanistan no longer threatened by enemies blocking trade routes

President Mohammad Ashraf Ghani said the enemies can no longer threaten Afghanistan by blocking trade routes as the country has alternative routes to rely on. These remarks were made during a gathering in the provincial capital of Balkh province, Mazar-e-Sharif,

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Afghanistan’s complaint over Torkham closure to be assessed by WTO

Afghanistan is  receiving support from the World Trade Organization over the closure of the border crossing by Pakistan. According to the Afghan Ministry of Commerce and Industry (MoCI), a WTO commission will assess Afghanistan’s complaint over the sealing of the

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Pakistan suffers $70mn loss due to border closure

Pakistan’s economy has suffered a USD 70mn loss in the past two weeks after Islamabad decided to close its border with Afghanistan. According to Pakistan-Afghanistan Joint Chamber of Commerce and Industry(PAJCCI), Pakistan sends three hundred vehicles of fruits and vegetables,

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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

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Afghanistan, Pakistan back ‘Beyond Boundaries Project’

The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has pledged all-out support for Phase II of the ‘Beyond Boundaries Project’ to help boost regional cooperation. A 12-member delegation of officials from Pakistan and Afghanistan agreed to support the second

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India, Afghanistan to set up air transport corridor bypassing Pakistan

India and Afghanistan are planning to set up an air transport corridor to help increase trade between the two nations that is obstructed by political tensions with Pakistan. The announcement was made by Indian Prime Minister Narindra Modi in the

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Afghanistan to receive $1bn in fresh aid from India

India pledges to offer USD 1 billion in fresh economic aid to Afghanistan in a bid to further strengthen ties between the two nations. The announcement came during Afghan President Mohammad Ashraf Ghani’s visit to New Delhi where he held

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Wagah border open for Afghans: Pakistan’s Foreign Affairs Ministry

Pakistan’s Foreign Affairs Ministry has said Wagar border is open for Afghan traders as part of the Afghan-Pak bilateral agreement. In an interview with BBC Urdu, Pakistan’s Foreign Office spokesperson Nafees Zakaria said Pakistan had not stopped Afghan traders from

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Ghani’s tit-for-tat action on transit routes with Pakistan

Afghan President Mohammad Ashraf Ghani has warned to close transit route for Pakistan to Central Asian countries. Ghani made these remarks in a meeting with UK’s special envoy for Afghanistan and Pakistan Owen Jenkins on Thursday and said the tit-for-tat

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India exempts Afghanistan’s fruits exports from customs duty

The Afghanistan Chamber of Commerce and Industries (ACCI) announced on Wednesday that the Indian government has pledged to exempt Afghanistan from customs duty on its fruit exports to the country. Deputy Chief of ACCI, Khan Jan Alokozay, said the Indian

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Afghanistan, Pakistan to join a venture in the field of higher education

Afghanistan and Pakistan officials have agreed on collaborating in the field of higher education by embarking on a joint venture, which will be finalized with the approval of both countries. The agreement was made between Afghan Ambassador Omar Zakhilwal and

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Pakistan to establish customs complex at Torkham border

Pakistani authorities are working on the construction of a major customs complex at Torkham border in an attempt to improve trade volume with financial contribution from the Asian Development Bank (ADB). Peshawar Customs Collector said the new complex would reduce

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Afghanistan, Pakistan discuss economic cooperation

The new Afghan Ambassador Hazrat Omar Zakhilwal discussed economic cooperation with Pakistan’s Finance Minister Senator Ishaq Dar on Saturday. Minister Dar welcomed Zakhilwal as the new ambassador and discussed Pak-Afghan economic cooperation with particular emphasis on steps for promoting trade

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Pakistan launches projects worth $500mn in Afghanistan

Pakistan’s Minister for Planning, Development and Reform has announced the launch of projects worth USD 500mn in Afghanistan. Minister Ahsan Iqbal said the projects covered various sectors including education, health and infrastructure. According to Pakistan’s local media, Pakistani government has

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Afghanistan offers multiple-entry visas to Pakistani businessmen

Afghanistan has decided to offer multiple-entry visas to Pakistani traders in a bid to improve bilateral ties between the two neighboring nations. The decision followed after official request from the Khyber Pakhtunkhwa Chamber of Commerce and Industry. Pakistani businessmen have

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What lies at the “Heart of Asia” conference for Afghanistan?

Afghan President Ashraf Ghani is attending the two-day “Heart of Asia” meeting in Islamabad, Pakistan on Tuesday where member countries will discuss the situation in Afghanistan with particular focus on helping the economy of the war-ravaged nation. The meeting is

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Afghanistan, Pakistan agree on bolstering economic ties

Afghanistan and Pakistan concluded the 10th Joint Economic Commission (JEC)and agreed on bolstering economic ties to expand their access to the region’s market. Addressing a joint press briefing after the JEC huddle concluded, Pakistani Finance Minister Ishaq Dar said Joint

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Afghan Finance Minister to attend JEC meeting next week

Afghan Finance Minister Eklil Hakimi will travel to Islamabad to attend the Joint Economic Commission (JEC) huddle which is slated for November 23 and 24. The meeting was postponed in August in the wake of Taliban’s deadly attacks in Kabul

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Afghan-Pak Joint Economic Commission meeting postponed

The Afghan-Pak Joint Economic Commission (JEC) meeting is postponed and will be held in the last quarter of the year in Islamabad, according to a statement from Pakistan’s Finance Ministry. The meeting was initially planned to be held at the

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Afghan-PAK 10th Joint Economic Commission meeting to be held in August

The 10th Afghanistan-Pakistan Joint Economic Commission is slated for August 26-27 in Islamabad, Pakistan. The dates were finalized in a meeting between Afghan Ambassador to Pakistan Janan Mosazai and Pakistani Finance Minister Ishaq Dar on Wednesday. Minister Dar informed Afghan

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Heart of Asia senior officials say security key to Afghanistan’s prosperity

Senior Officials of the members and supporters of the Heart of Asia-Istanbul process met on Monday in Islamabad to confer on and assess Afghanistan’s security situation and the Heart of Asia region. The participants agreed that peace, security and stability

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Why Pakistan wants to open more trade routes with Afghanistan?

Pakistan’s Commerce Minister Khurram Dastagir Khan during his recent visit to Kabul brought up the issue of opening more trade routes with Afghanistan. Afghanistan and Pakistan presently have four trade routes: Chaman, Ghulam Khan, Torkham and Miran Shah. Mirnashah is

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Iran, Pakistan imposing up to 90% tariffs on Afghan iron products

Afghan iron producers have complained about excessive tariffs imposed by Iran and Pakistan on iron exported from Afghanistan. According to reports, up to 90% tariffs are imposed on all iron products exported to Iran and Pakistan, a move that has

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Afghanistan, Pakistan, Tajikistan to agree on a transit trade agreement in 3 months

Afghanistan, Pakistan and Tajikistan agreed to finalize the draft for a transit trade agreement in three months at a meeting in Islamabad on Sunday. Details of the trilateral trade agreement were discussed at the meeting and the three participants reached

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