Islamabad: Pakistani products are fast losing ground in Afghanistan to goods produced in India, Iran and other countries which should be noticed, a business leader said Wednesday.
According to details, Despite similarities of language and culture of the majority involved in import and export the trade is going down which must be revived through government’s intervention, said Atif Ikram Sheikh former President ICCI.
He said that policies regarding Afghanistan are frequently changed while closure of border for trade follows after every incident which is benefiting competing countries.
Afghanistan was Pakistan’s second largest trade partner for long but now China has replaced Islamabad while UK and Germany have also improved their trade with the war-torn country, he added.
Atif Ikram Sheikh said that our policymakers want to improve trade with the countries which are thousands of miles away but continue to ignore the neighbouring nations which is amazing.
So far our government could not establish land port authority, improve trading points like Torkhum and Chaman or operationalize Ghulam Khan Post while Iran continues to facilitate trade.
The Afghan government has also imposed regulatory duties on various Pakistan products which has helped similar Iranian and Indian goods to replace items made in Pakistan.
Imports from Afghanistan do not require foreign exchange because many Afghan traders happily accept rupee which should be exploited.
Trending
- Indian PM’s decision to call AJ&K a part of India is a violation of UN resolutions: Javed Badhanvi
- Significance of Qatar Emir’s crucial Bangladesh visit
- Dr. Yunus’ Dark Side and Social Media Users
- Terrorizing the CPEC: Analyzing a Comprehensive Security Framework for CPEC
- Flood in Gwadar
- In Pursuit of Morels: A Childhood Adventure
- FBL Unveils Strong Financial Results for the Q1’24
- High-profile UK delegation explores collaborative opportunities at NUST