Tension at Torkham border costs Afghan traders $10mn in losses daily

in Afghan Business

Tension at Torkham border costs Afghan traders $10mn in losses daily

The recent tension at the Torkham border between Afghanistan and Pakistan forces result in a daily loss up to USD 10mn to Afghan traders.

Forces on both sides of the border started fire exchanges four days ago after Afghanistan prevented the Pakistanis from constructing a gate at the border crossing.

According to the Afghanistan Chamber of Commerce and Industries (ACCI), shops and storage facilities on both sides of the border have remained shut since the clash.

Afghan traders rely on the Torkham border to get their goods to Karachi Port from where the goods are imported to foreign markets.

Thousands of trucks loaded with food and non-food items remained stranded across the border in Pakistan with each container in the trucks costing a daily loss of USD 100.

The halt in trade activities at the border has caused a price hike of 25-30% inside Afghanistan.

Afghanistan and Pakistan trade goods worth USD 2.5bn annually, with 60% of Afghanistan’s imports happening via Torkham.

The ACCI urged Afghan traders to consider other routes for their imports and exports as they would incur huge losses due to continuous political tensions with Pakistan.



Related Articles

Berlin to host economic conference on Afghanistan

Berlin is going to host an economic conference on Berlin aimed at encouraging investors to invest in Afghanistan. Muhammad Ibrahim

Germany provides AFN 6.4bn in funds to Afghanistan

The Afghan government and the German KfW Development Bank signed a financial agreement on Thursday. As per the agreement Germany

Afghani Continues to Dip Against US Dollar

The Afghani currency continues to depreciate against the US dollar causing prices of essential items to soar in Kabul markets.

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Your e-mail address will not be published.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.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china