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
The Pak-Afghan Liaison Committee (PALC) has called for the suspension of Temporary Admission Document (TAD) policy for truckers. A two-month deferral of the recently-enforced travel condition would help clear the long queues of goods-laden trucks stranded on both sides of the Torkham crossing. Businessmen made the demand at a meeting of the committee, chaired by More
The first shipment of Afghanistan’s minerals has been exported to China via Iran’s Chabahar port, a media report said on Friday. IRNA reported Hussain Shahdadi, deputy administrative head of Sistan Balochistan’s ports, saying: “Today, the first transit shipment comprised of 12 lorry Afghanistan’s stones exported to China from Chabahar Port, the shipment arrived to the More
