Petroleum transporters have announced that they will hold an indefinite protest from Wednesday onwards if the government does not increase fares of fuel transportation that have remained unchanged since 2011 and warned to cut fuel supplies across the country.
Pakistan suffers setback as trade with Afghanistan declines ANI | Updated: May 11, 2021 07:14 IST
Islamabad [Pakistan], May 11 (ANI): Pakistan s exports to Afghanistan have declined in the current fiscal year, which is depriving the former country of a major market for its products and dwindling trade with its neighbour.
Pakistan s exports to Afghanistan fell 5.5 per cent from USD 790 million to USD 746.3 million during the first nine months of the current fiscal year, reported Dawn citing the State Bank of Pakistan (SBP).
According to businessmen, the declining trend is tantamount to squandering a great opportunity, which is costing businesses and the country greatly. The issues to Pakistan-Afghanistan trade are suffering from non-tariff barriers, apathetic bureaucracy, poor infrastructure and volatile geopolitics.
Pakistan suffers setback as trade with Afghanistan
ANI
11 May 2021, 11:55 GMT+10
Islamabad [Pakistan], May 11 (ANI): Pakistan s exports to Afghanistan have declined in the current fiscal year, which is depriving the former country of a major market for its products and dwindling trade with its neighbour.
Pakistan s exports to Afghanistan fell 5.5 per cent from USD 790 million to USD 746.3 million during the first nine months of the current fiscal year, reported Dawn citing the State Bank of Pakistan (SBP).
According to businessmen, the declining trend is tantamount to squandering a great opportunity, which is costing businesses and the country greatly. The issues to Pakistan-Afghanistan trade are suffering from non-tariff barriers, apathetic bureaucracy, poor infrastructure and volatile geopolitics.
The declining volume of Pakistani exports to Afghanistan is not only depriving the country of a major market for its products but also giving local exporters sleepless nights.
The declining volume of Pakistani exports to Afghanistan is not only depriving the country of a major market for its products but also giving local exporters sleepless nights.
Data released by the State Bank of Pakistan (SBP), reported by this newspaper earlier last month, showed that Pakistan’s exports to Afghanistan fell 5.5 per cent from $790 million to $746.3m during the first nine months of the current fiscal year.
Businessmen in Peshawar, which is a stone’s throw from Torkham, one of the major crossing points into Afghanistan, say the declining trend is tantamount to squandering a great opportunity. It is costing businesses and the country greatly, they say.