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Pakistan loses 50 percent market share in Afghanistan: Pak official
[Khaama (Afghanistan)] Amid strained ties on political level mainly due to the circumstances surrounding the fight against terrorism, the Pak officials have informed regarding a drastic fall in Pakistain’s share in Afghan markets.Chairman Pakistain-Afghanistan Joint Chamber of Commerce and Industry Zubair Motiwala has told Dawn News that Pakistain’s trade with Afghanistan fell to $1.2 billion from $2.7bn within in the last two years. According to Motiwala, the drastic fall in Pakistain’s exports to Afghanistan has direct links with the penetration of India in Afghan markets as well as China which supplies products on a competitive scale. Motiwala further added that Pakistain has been losing even the traditional markets of flour, men and women’s clothes and red meat, affecting around the 200 flour mills out of which around 100 have been closed besides the drastic fall has affected the Beautiful Downtown Peshawar  ...capital of Khyber Pakhtunkhwa administrative and economic hub for the Federally Administered Tribal Areas of Pakistan. Peshawar is situated near the eastern end of the Khyber Pass, convenient to the Pak-Afghan border. Peshawar has evolved into one of Pakistan's most ethnically and linguistically diverse cities, which means lots of gunfire.medical tourism. India has been providing goods at subsidised rates to capture the market and are providing air tickets with a 75pc rebate, he told the paper. He also added that Afghans find it easy to travel to India with cheap tickets and free multiple visas without police checks. According to Pakistain Bureau of Statistics, exports to Afghanistan dropped to $1.271bn in FY17 from $1.437bn in FY16. Exports in the first quarter of 2017-18 stood at $319 million. According to Dawn News, State Bank’s data showed that the imports from Afghanistan increased to $68m in FY17, compared to $40m in FY16. Posted by: Fred 2018-03-05 |
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