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    Afghanistan

    Afghanistan closes five border crossings with Pakistan resulting in $100,000 daily losses

    Afghanistan closes five border crossings with Pakistan resulting in $100,000 daily losses

    Pakistan faces the risk of permanently losing its Afghan markets due to the ongoing closure of five border crossings. As the blockade continues, a Pakistani customs official has warned that the country’s goods could lose the Afghan market forever, Sputnik Afghanistan reports.

    Pakistani trucks stuck at a border crossing.
    Source: Sputnik Afghanistan

    Impact on Trade

    More than 100 trucks loaded with fruits, vegetables, and other perishable products have returned from Torkham to Peshawar, Pakistan. This disruption in trade has resulted in significant losses for businesses in both countries.

    Shift in Afghan Trade

    The blockade has led to a shift in Afghan trade, with a large number of Afghan traders already ordering essential goods from their Iranian counterparts. This shift could potentially result in Pakistani goods permanently losing their place in the Afghan market.

    Economic Losses

    The border between Afghanistan and Pakistan has been closed for more than a week, causing significant economic losses. The closure of key border crossings has resulted in daily losses estimated at around $100,000. This has had a significant impact on the economies of both countries.

    Earlier, it was reported that In 2023, Afghanistan, under Taliban rule, has reported a notable surge in exports, reaching approximately $2bn. The Taliban's Ministry of Industry and Trade highlighted the major export destinations, including Pakistan, India, China, the United Arab Emirates, Kazakhstan, and Uzbekistan.

     

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    22.01.2024, 22:42   Comments (0)   1393
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