The Afghan Transit Trade (ATT) has witnessed a sharp decline of 66 percent in the first eight months of the current fiscal year compared to the same period in FY2023-24. This downturn is largely attributed to Pakistan’s anti-smuggling measures and import restrictions, The Nationreported. Between July and February of FY2024-25, Afghan Transit Trade fell by $1.489 More
China, Japan, and South Korea have reportedly agreed to coordinate their response to US tariffs, Reuters reported. According to Yuyuan Tantian, a Weibo account linked to China Central Television, Japan and South Korea are looking to import semiconductor raw materials from China, while China is interested in purchasing chip products from Japan and South Korea. More
In the hope of sealing a deal for TikTok’s sale, US President Donald Trump has suggested a cut in tariffs on China, a media report said on Thursday. Speaking to journalists on Wednesday, the US leader signaled his willingness to extend the April 5 deadline for finding a non-Chinese buyer for short video app. “With More
The Khyber Pakhtunkhwa business community has called for the immediate reopening of the Torkham crossing and resumption of the Pakistan-Afghanistan trade. Sarhad Chamber of Commerce and Industry chief Fazal Moqeem Khan issued the call at a meeting with KP Customs Chief Collector Khawaja Khurram Naeem here on Wednesday. Accompanied by several business leaders, the SCCI More
US President Donald Trump has threatened to escalate the global trade war with additional tariffs on European Union (EU) goods, says a media report. Soon after taking office, Trump imposed a 25 percent tariff on imports from Mexico and Canada, though carmakers and some other goods were exempted. On Wednesday, the EU Commission announced that More
A number of pine nut exporters in southeastern provinces said China’s monopolistic market has harmed their business. Traders said pine nut harvest in southeastern Khost, Pakita and Paktika provinces reached 3,500 tonnes this year, but the monopoly of Chinese traders and the lack of other markets have seriously harmed their trade. Sial Khan, deputy director More
As President Donald Trump’s tariffs on Mexico and Canada went into effect on Tuesday; America’s key trading partners came up with tit-for-tat actions. The new US administration also doubled the tariff on all Chinese imports to 20% from 10%, CNN reported, warning that retaliatory measures would impact Americans. In a statement, the White House said: More
The Azizi Foundation Head Mirwais Azizi has announced the implementation of over $10 billion investment plan at a gathering held in the Kabul Inter-Continental Hotel. The projects in which the investment would be made included the 400-bed Cancer Hospital, 200-bed Meternity Hospital, the construction of medical university, nursing institute and school and the generation of More
Imports from Afghanistan to India have surged, but exports declined since Taliban takeover, a media report said on Tuesday. Indian Express reported citing statistics by Indian Ministry of Commerce, the value of imports from Afghanistan reached $642.29 million in 2023 and 2024. It said most of Afghanistan’s exports to India included agricultural products such as More
US President Donald Trump says Russia should rejoin the Group of Seven (G7), calling Moscow’s expulsion “a mistake.” Trump on Thursday said he would love to have Russia return to G7 nations, saying it was a mistake to be expelled, Reuters reported. “I’d love to have them back. I think it was a mistake to More
