The Khayber Pakhtunkhwa (KP) government has imposed two percent sales tax on commercial goods imported by Afghan businessmen in violation to the Afghanistan Pakistan Transit Agreement (APTA), according to some businessmen in eastern Nangarhar province on Sunday. They said the two percent sales tax is an addition to several other problems they have been facing More
The value of Bitcoin (BTC) has reached its highest level since its entry into the digital currency market, with the value of one unit in financial markets reaching more than $100,000, a media report said on Thursday. According to Reuters Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald More
US President-elect Donald Trump has threatened to slap 100 percent tariffs on products coming from BRICS countries if the economic block decided to create a new currency. On its social media handle x.com, Trump wrote: “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. More
Pakistan’s exports to Afghanistan have surged during the current financial year, The News International reported on Saturday, citing official sources. In September, Pakistani exports to Afghanistan jumped by 94 percent on an annual basis and by 44 percent on a monthly basis. Exports to Afghanistan in the first quarter of the current fiscal year, July More
Chinese President Xi Jinping will attend the BRICS summit to be held in Kazan next week, says the Foreign Ministry in Beijing. Foreign Ministry Spokeswoman Hua Chunying said President Xi Jinping would visit Kazan to take part in the 16th BRICS summit on October 22-24. The presidential visit comes in response to Russian leader Vladimir More
The Pak-Afghan highway has reopened after more than two months of closure, bringing a sigh of relief to travellers and businesspeople. Backed by different political parties, Kukikhel tribesmen called off their protest after the government promised the early return of over 60,000 internally displaced families to their homes in Khyber district. The agreement came More
The Sarhad Chamber of Commerce and Industry (SCCI) has called for the withdrawal of the Khyber Pakhtunkhwa government’s decision on the export cess. SCCI President Fuad Ishaq warned the levy would undermine exports from KP and badly affect international flight operations, cargo/shipping services and Pak-Afghan transit trade. During a meeting at the Chief Minister’s Secretariat More
Afghanistan and Pakistan have signed an agreement on transit trade, allowing truckers from both countries to take goods to all cities. The Afghanistan Ministry of Transport and Aviation on Monday said the agreement called ‘TAD’ with Pakistan granted permission to commercial vehicles of both countries to enter all cities in the two countries for the More
The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has voiced its deep concern at a new levy imposed on exports by the Khyber Pakhtunkhwa government. The two percent infrastructure development levy on exports would negatively impact the already declining trade between Pakistan and Afghanistan, the joint chamber feared. PAJCCI President Qazi Zahid Hussain saw More
The Peshawar-Torkham highway has been shut for a week for cargo trucks, inflicting massive financial losses on Afghan traders, the Afghan embassy in Islamabad says. The embassy wrote on its X page: “After the closure and opening of Torkham crossing for several times during the fruit and vegetable season, the Peshawar-Torkham highway has been blocked More
