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
US President Donald Trump has again issued a warning to BRICS nations about facing 100 percent tariffs if they attempt to replace the US dollar. Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November More
Microsoft is in talks to acquire TikTok, US President Donald Trump has said, suggesting a “bidding war” on the sale of the Chinese social media app. In response to a reporter’s query, the US leader confirmed the American tech giant was preparing a bid. He said several companies were eyeing TikTok. The BBC quoted Trump More
The Afghan transit trade has significantly slumped in the first five months of the current financial year, a media report said on Wednesday. From July to November 2024, the Afghan transit trade amounted to 464.6 million dollars, declining by 89% on an annual basis, The New International said. The Afghan transit trade volume was 2.23 More
