Massive increase in Pak-Afghan trade as Taliban takes charge

[Vapour]

If the IEA intend to eliminate poppy production, how will they substitute this substantial cash flow and be able to afford the necessities that AFG require without foreign aid forthcoming?

 

[hydrabadi_arab]

If the IEA intend to eliminate poppy production, how will they substitute this substantial cash flow and be able to afford the necessities that AFG require without foreign aid forthcoming?

Must of it was to fund Afghan army which doesnt exist anymore.

 

[Hyde]

They are not in control since last week so the trade could not have doubled. It is the backlog of trucks stranded the border and now allowed to cross the Afghan border

 

[tomatove]

Clearing a backlog of trade vehicles is now being heralded as a miraculous increase? I am skeptical.

PESHAWAR: Traffic on both sides of the Torkham border on Wednesday increased massively as cargo trucks continued to cross the border, contrary to fears of a reduction in Pak-Afghan trade and transit traders due to the changing situation in Afghanistan.

While repatriation of stranded Afghans also begun, customs officials reported that trade on the Pak-Afghan border has almost doubled since the Taliban seized control of the Afghan capital.

According to Customs Clearance Agent Fazlullah, who works at Torkham border, there has been a huge increase in bilateral trade contrary to fears and expectations.

Fazlullah said that earlier the number of imports in 24 hours did not consist of more than 60 to 70 vehicles as the former Afghan government agencies did not want better trade relations between the two countries; however, as many as 270 cargo trucks were cleared within 24 hours of the Taliban taking charge of what is the largest border crossing between the Pakistan and Afghanistan.

Traders said that it is not yet clear how much of the prices announced by Taliban will be implemented whereas the people will set their own prices until a formal government is formed.

Traders also remarked that the Afghan currency has depreciated sharply since Ashraf Ghani fled the country in haste, prompting traders involved in Afghan trade to avoid ordering goods to avoid any possible misfortune.

Meanwhile, the Taliban has decided to reduce customs duties on 159 items in Afghanistan, most of which are food items, leading to a 50 to 90 per cent drop in prices.

The list released by the Afghan Taliban on Wednesday shows that the price of flour, oil, rice, vegetables, fruits, and other food items have witnessed a decrease in prices after the reduction in customs duty.

The list also includes construction items such as cement, steel, glass, plastic, petrol, diesel, foam and others.

According to Afghan businessman Hekmatullah, the reduction in customs duties will reduce the prices of food items as well as other items, including construction materials and electronic products, which were overpriced mainly due to the high customs duty.

He said that the reduction in customs duty will also benefit traders, adding that all these announcements are specific to the law and order situation in Afghanistan. “If the situation improves, the confidence of traders and the general public will be restored,” he said.

However, he said that a although a favourable business environment will create more job opportunities, it would be without a conducive environment; neither the traders nor the general public will benefit from such announcements.

Massive increase in Pak-Afghan trade as Taliban takes charge

PESHAWAR: Traffic on both sides of the Torkham border on Wednesday increased massively as cargo trucks continued to cross the border, contrary to fears of a reduction in Pak-Afghan trade and transit t

profit.pakistantoday.com.pk

Pakistan should start establish its commercial banking there, telecom, textile and water treatment plants, pharmaceutical and automobile trade ASAP. Best market for Pakistan

 

[Adonis]

And Payments??? How Taliban will pay?? Where they will get money from???......If Hawala, then we should be careful...FATF threat is still not over.

Between, the country that holds the key to this region is China.....collapse of Afghanistan's regime/Army is highly speculated on Chinese stashing them with money....Now they want to control Afghanistan through Taliban.

 

[jupiter2007]

And Payments??? How Taliban will pay?? Where they will get money from???......If Hawala, then we should be careful...FATF threat is still not over.

Between, the country that holds the key to this region is China.....collapse of Afghanistan's regime/Army is highly speculated on Chinese stashing them with money....Now they want to control Afghanistan through Taliban.

Why are you worried? You sound more desperate than Indians who have lost millions dollars of their investment in Afghanistan.
Do you think war is fought without money? I am sure Russia and China is supporting them.

As far as Taliban are concerned, we can tell by their news conference that they are well prepared. They are not just mujahdeen, some of them are very well educated people.

 

[Maula Jatt]

Pakistan should start establish its commercial banking there, telecom, textile and water treatment plants, pharmaceutical and automobile trade ASAP. Best market for Pakistan

In 10 years we'll be in top 3,4 textile producer

IT, pharma, engineering products and electronics would see a massive boom in this decade

If anyone is into Pak stock exchange, look into these sectors and Thier companies

I highly suggest people in Pak to save some money for a year or two as you won't see a whole lot of returns during these years

But afterwards start putting your money into any of these 4,5 sectors, with a long term plan of 10 years

IA, God willing people will see Great returns!, If you invest in the right companies of these sectors, you'll potentially be a well to do man

 

[Adonis]

Why are you worried? You sound more desperate than Indians who have lost millions dollars of their investment in Afghanistan.
Do you think war is fought without money? I am sure Russia and China is supporting them.

As far as Taliban are concerned, we can tell by their news conference that they are well prepared. They are not just mujahdeen, some of them are very well educated people.

And the way you are pitching for them...you sound like one from their ranks.

Good then...I commented on rising trade between Afghanistan and Pakistan post Taliban takeover......so far you are happy that you will get your bills paid....I am ok.

 

[jupiter2007]

And the way you are pitching for them...you sound like one from their ranks.

Good then...I commented on rising trade between Afghanistan and Pakistan post Taliban takeover......so far you are happy that you will get your bills paid....I am ok.

You are too young to understand world politics, stick to what you know.
As far as the development in Afghanistan, let’s wait and see how things will unfold in next 3 months.

https://pbs.twimg.com/media/E9DrA7OXEAIzoGn?format=jpg&name=small

 

[blueazure]

It's mainly because many vehicles who were stuck at the border for past couple of weeks started moving.

says the indian sitting in bangaloru !

And Payments??? How Taliban will pay?? Where they will get money from???......If Hawala, then we should be careful...FATF threat is still not over.

LOL.......

 

[Adonis]

You are too young to understand world politics, stick to what you know.
As far as the development in Afghanistan, let’s wait and see how things unfold in next 3 months.

https://pbs.twimg.com/media/E9DrA7OXEAIzoGn?format=jpg&name=small

Thanks for calling me young mate. Made my day.

Exactly, Let's wait and watch.....

 

[jupiter2007]

Thanks for calling me young mate. Made my day.

Exactly, Let's wait and watch.....

Enjoy

 

[AZADPAKISTAN2009]

Good to see normal trade resume between two brotherly countries
Afghanistan and Pakistan

The hidden Gem news on the forum , a true blessing for Afghanistan to finally focus on trade and goods

Pakistan should send a friendly meat / food donation plane to help Afghanistan celebrate their freedom and end of Indian meddling in Afghanistan

Every thing points to a very happy Afghanistan

Send in Truck of Mangoe as well

 

[Maula Jatt]

If Iran is off of sanctions we can earn billions of dollars from Iran alone (and vica versa), as neighboring countries are usually the largest trading partners for nations

 

[AZADPAKISTAN2009]

Fantastic news
Trade & commerce is the way forward

Let the Indians fart and sniff their own self as they always do in such cases , and point finger towards others