Af-Pak annual trade volume dropped from $2.5 bln to $0.7

[Sher Malang]

By
S.Muddasir Ali Shah
On
Nov 16, 2017 - 08:14
PESHAWAR (Pajhwok): Tariff and non-tariff barriers have led to a free fall in trade between Afghanistan and Pakistan, say business community leaders.

The annual bilateral trade volume had dropped from $2.5 billion to $700 million, Sarhad Chamber of Commerce and Industry (SCCI) President Zahidullah Shinwari said,

While opposing new documentation for trade with Afghanistan, he warned trade between the neighbours would further decrease as a result of the new restrictions.

At a meeting with customs clearing agents from Torkham, Shinwari said recently the Model Customs Collectorate (MCC) in Peshawar recently issued new documentation for exports to Afghanistan.

The measure had caused serious problems for both the customs clearing agents and traders, he said, adding about 18,000 export vehicles previously used to cross into Afghanistan on a daily basis.

“But after the fresh documentation condition, hardly 250 such vehicles leave for the neighbouring country daily,” Shinwari explained, asking the Federal Board of Revenue to scrap the formality.

https://www.pajhwok.com/en/2017/11/16/af-pak-annual-trade-volume-falls-700m

 

[Skull and Bones]

Iran and India will be happy to replace.

 

[Ryuzaki]

Good for Pakistan,who cares about tanking economy and foreign reserves when there is CPEC to handle everything !

 

[$@rJen]

Iran and India will be happy to replace.

Amen to that... Let see if we can contentiously keep the roads open for trade..

 

[Rana4pak]

Good for us now we can fence the boarder and mine it too....plz take back your shitty refugees

 

[darksider]

Sher malang just do us a favour and take back your refugee afghan beggers.just have some self respect and take these sgit back pls.then close the boarder permanently for forever.I dont want see any afghan haramkhoor on my soil.

 

[ArcaniusXI]

Our people's lives are more valuable. We'd rather loose money in trade than let terrorists cross our borders and kill our people

 

[countryman]

@Sher Malang It may go down further but it's requirement of time - sealing border, implementing proper security and trade measures, restriction on movement of people without visa should be done at priority even if it results in total halt on trade. People's life are more precious than this money. Also, in my personal view, Afghans seems most ungrateful nation on earth.

 

[Spy Master]

Thank you...we don't need trade that in return give us suicide bombers!
If you really want trade and peace, help us by fencing the border and increase border patrol!

 

[Fireurimagination]

Pakistan literally had monopoly on the Afghan market but they blew it away because of their sheer ignorance and attitude. Now they can cry refugees, terrorism all they want, it's a loss of a billion dollars in foreign reserves hard cash. Good for India and Iran though.

 

[Sucha Kuggu]

In the meanwhile Afghan export of terrorism into Pakistan has increased many fold.

By
S.Muddasir Ali Shah
On
Nov 16, 2017 - 08:14
PESHAWAR (Pajhwok): Tariff and non-tariff barriers have led to a free fall in trade between Afghanistan and Pakistan, say business community leaders.

The annual bilateral trade volume had dropped from $2.5 billion to $700 million, Sarhad Chamber of Commerce and Industry (SCCI) President Zahidullah Shinwari said,

While opposing new documentation for trade with Afghanistan, he warned trade between the neighbours would further decrease as a result of the new restrictions.

At a meeting with customs clearing agents from Torkham, Shinwari said recently the Model Customs Collectorate (MCC) in Peshawar recently issued new documentation for exports to Afghanistan.

The measure had caused serious problems for both the customs clearing agents and traders, he said, adding about 18,000 export vehicles previously used to cross into Afghanistan on a daily basis.

“But after the fresh documentation condition, hardly 250 such vehicles leave for the neighbouring country daily,” Shinwari explained, asking the Federal Board of Revenue to scrap the formality.

https://www.pajhwok.com/en/2017/11/16/af-pak-annual-trade-volume-falls-700m

 

[Kompromat]

Which means Afghanistan is losing big time. Pakistan hardly cares about what comes and goes into A'stan.

 

[Maarkhoor]

Iran and India will be happy to replace.

Yeah you should and receive billion of dollars worth charas and heroine as Afghan export.

 

[Areesh]

Amen to that... Let see if we can contentiously keep the roads open for trade..

That would be beyond your auqat. But still we wish that you manage to do so.

 

[Trango Towers]

Iran and India will be happy to replace.

Pakistan is very happy we want you sucked in. It's where empires go to die.