Kabul, Islamabad agree to boost bilateral trade and transit

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The Pakistan Afghanistan Joint Chamber of Commerce and Industry said Kabul and Islamabad have agreed to reduce tariffs on commodities in bilateral trade and transit affairs between the two countries.

Pakistani media reported that based on the “Preferential Trade Agreement,” Afghanistan will reduce taxes by 60 percent on exports of coal to Pakistan.

Afghanistan’s Ministry of Industry and Commerce (MoIC) said the reduction of taxes on five items of fruits and vegetables being imported from Pakistan, has also been agreed to.

Investors said that Pakistan plays an important role in Afghanistan’s trade.

Figures by the Ministry of Industry and Commerce (MoIC) show that over $1 billion worth of commodities has been exported abroad over the last year.

According to the MoIC, $744 million worth of goods has been exported to Pakistan alone during this period.—Arioana news