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Pakistan set to allow export of 14 items to Kabul

ghazi52

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Govt set to allow export of 14 items to Kabul

Mushtaq Ghumman
21 Jan, 2022


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ISLAMABAD: The government is all set to allow export of those 14 items whose major raw materials/components are imported in Pak rupees and remove 45 Regulatory Duty (RD) on import of pine nut (Chilghoza) from Afghanistan as a goodwill gesture, which was opposed by the State Bank of Pakistan (SBP), well informed sources told Business Recorder.

The Commerce Ministry, in its summary to the Prime Minister, who is also Minister In Charge Commerce, stated that in order to facilitate the export of perishable goods to Afghanistan, export of fruits, vegetables, dairy products and meat are allowed against Pakistani currency on filing of regular shipping bills without the requirement of E-form under Export Policy Order.

Keeping in view the precarious situation owing to freezing of Afghan funds abroad, Ministry of Commerce had proposed adding rice and pharmaceuticals to the list of items allowed to be exported to Afghanistan against Pakistan currency. The proposal was supported by the FBR, and a summary was placed before the ECC in this regard, but was deferred due to reservations of the SBP.

Due to the situation in Afghanistan and absence of any formal banking infrastructure in the country, exports from Pakistan to Afghanistan have declined from $ 517.24 million during July-December FY 2020-21 to S 328.25 million during same time period of FY 2021-22.

In an inter-ministerial meeting on Foreign Currency Reserves held on January 4, 2022 Finance Minister had desired Ministry of Commerce to examine the pros and cons of Afghan trade in Pak Rupees.

Ministry of Commerce held a meeting on with FBR and SBP to deliberate on the matter. FBR supported the proposal of allowing exports in Pak Rupees, while SBP opposed the proposal.

In this respect, one option is to allow trade with Afghanistan in Pak Rupee (PKR) without specification of items. However, it would not be appropriate to allow export of those items whose major raw materials/components are imported as this is likely to adversely affect the current account deficit.

A more appropriate option would be to allow export of those items to Afghanistan against Pakistan currency which constitute a significant part of exports to Afghanistan and are not likely to affect Pakistan’s import bill. Besides, the items already allowed for export against PKR under EPO, 2020 form a major component of exports to Afghanistan, covering over 60% of overall exports.

The proposed list is as follows:
(i) cereal goats, meal, pellets etc;
(ii) animal & vegetable fats and oil;
(iii) malt extracts, food preparation ;(
iv) food preparations n.e.s;
(v) organic chemicals;
(vi) essential oils, perfumes;
(vii) soaps; (viii) plastic and rubber;
(ix) iron and steel; b
(x) aluminum and products;
(xi) wooden/fiberboard and plywood;
(xii) paper and paperboard;
(xiii) machinery/electronics and;
(xiv) tanning, dyeing extracts and pigments.

The overall export of these items was $186.48 million during July-December 2020 whereas their share in overall export to Afghanistan was $36.6 million in the comparable period last year.

Copyright Business Recorder, 2022
 

peagle

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Keep pleasing namak harams

I know how you feel bro, but we need Afghanistan to be stable. that can only happen if they are economically stable, so this is good for both countries. They need help, but we also them to return to normal life.

Instability in Afghanistan will only make things worse for us, so let's deal with the anger in a constructive manner, and not criticise everything.
 

Meliodas

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I know how you feel bro, but we need Afghanistan to be stable. that can only happen if they are economically stable, so this is good for both countries. They need help, but we also them to return to normal life.

Instability in Afghanistan will only make things worse for us, so let's deal with the anger in a constructive manner, and not criticise everything.
No matter how much you feed a 🦂 scorpion it will always sting you. Afghanistan is inherently unstable, such actions won't help stability in any way. As soon as the afghans start getting money they will spend it for fighting and pedophilia. If the group from kandhar gets time to settle the northern group will go for a winter sleep but won't die just like the kandhar group didn't, they both are two sides of same coin. Taliban's screwed Pakistan now the northeners will screw CIS.
 
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JackTheRipper

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No matter how much you feed a 🦂 scorpion it will always sting you. Afghanistan is inherently unstable, such actions won't help stability in any way. As soon as the afghans start getting money they will spend it for fighting and pedophilia. If the group from kandhar gets time to settle the northern group will go for a winter sleep but won't die just like the kandhar group didn't, they both are two sides of same coin. Taliban's screwed Pakistan now the northeners will screw CIS.

In trade, importer and exporter both get benefits,
I think if Afghanistan got stable, we can send Afghan refugees back,

I know, how much Pakistan will beg for them, they still bite us as they love Indians, instead us, same they did when Pakistan created, they gave vote against Pakistan's admission to UN in 1947.
We can change friends but not bad neighbors.
 

Bleek

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In trade, importer and exporter both get benefits,
I think if Afghanistan got stable, we can send Afghan refugees back,

I know, how much Pakistan will beg for them, they still bite us as they love Indians, instead us, same they did when Pakistan created, they gave vote against Pakistan's admission to UN in 1947.
We can change friends but not bad neighbors.
If they get stable and form a powerful centralised army and ally with India? Could there become a possibility of a 2 front war? 🤔
 

Meliodas

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In trade, importer and exporter both get benefits,
I think if Afghanistan got stable, we can send Afghan refugees back,

I know, how much Pakistan will beg for them, they still bite us as they love Indians, instead us, same they did when Pakistan created, they gave vote against Pakistan's admission to UN in 1947.
We can change friends but not bad neighbors.
"Refugees" won't go back. Every baby that's born in Afghanistan wants to get out of it. Did you not see what happened last year.
If they get stable and form a powerful centralised army and ally with India? Could there become a possibility of a 2 front war? 🤔
Pakistan is already facing 3 front war. India, Afghanistan and Iran.
 

Bleek

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"Refugees" won't go back. Every baby that's born in Afghanistan wants to get out of it. Did you not see what happened last year.

Pakistan is already facing 3 front war. India, Afghanistan and Iran.
How real is the Iran threat?
 

GOAT

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Govt set to allow export of 14 items to Kabul

Mushtaq Ghumman
21 Jan, 2022


61e9d37935527.jpg



ISLAMABAD: The government is all set to allow export of those 14 items whose major raw materials/components are imported in Pak rupees and remove 45 Regulatory Duty (RD) on import of pine nut (Chilghoza) from Afghanistan as a goodwill gesture, which was opposed by the State Bank of Pakistan (SBP), well informed sources told Business Recorder.

The Commerce Ministry, in its summary to the Prime Minister, who is also Minister In Charge Commerce, stated that in order to facilitate the export of perishable goods to Afghanistan, export of fruits, vegetables, dairy products and meat are allowed against Pakistani currency on filing of regular shipping bills without the requirement of E-form under Export Policy Order.

Keeping in view the precarious situation owing to freezing of Afghan funds abroad, Ministry of Commerce had proposed adding rice and pharmaceuticals to the list of items allowed to be exported to Afghanistan against Pakistan currency. The proposal was supported by the FBR, and a summary was placed before the ECC in this regard, but was deferred due to reservations of the SBP.

Due to the situation in Afghanistan and absence of any formal banking infrastructure in the country, exports from Pakistan to Afghanistan have declined from $ 517.24 million during July-December FY 2020-21 to S 328.25 million during same time period of FY 2021-22.

In an inter-ministerial meeting on Foreign Currency Reserves held on January 4, 2022 Finance Minister had desired Ministry of Commerce to examine the pros and cons of Afghan trade in Pak Rupees.

Ministry of Commerce held a meeting on with FBR and SBP to deliberate on the matter. FBR supported the proposal of allowing exports in Pak Rupees, while SBP opposed the proposal.

In this respect, one option is to allow trade with Afghanistan in Pak Rupee (PKR) without specification of items. However, it would not be appropriate to allow export of those items whose major raw materials/components are imported as this is likely to adversely affect the current account deficit.

A more appropriate option would be to allow export of those items to Afghanistan against Pakistan currency which constitute a significant part of exports to Afghanistan and are not likely to affect Pakistan’s import bill. Besides, the items already allowed for export against PKR under EPO, 2020 form a major component of exports to Afghanistan, covering over 60% of overall exports.

The proposed list is as follows:
(i) cereal goats, meal, pellets etc;
(ii) animal & vegetable fats and oil;
(iii) malt extracts, food preparation ;(
iv) food preparations n.e.s;
(v) organic chemicals;
(vi) essential oils, perfumes;
(vii) soaps; (viii) plastic and rubber;
(ix) iron and steel; b
(x) aluminum and products;
(xi) wooden/fiberboard and plywood;
(xii) paper and paperboard;
(xiii) machinery/electronics and;
(xiv) tanning, dyeing extracts and pigments.

The overall export of these items was $186.48 million during July-December 2020 whereas their share in overall export to Afghanistan was $36.6 million in the comparable period last year.

Copyright Business Recorder, 2022
This is exactly the type of trade policy that should be encouraged.
 

Meliodas

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How real is the Iran threat?
Very real and it's not just confined to Baluchistan as people might believe. They have a strong network that they use to leverage sect, also it's an inlet for Russian aspirations in Pakistan.
This is exactly the type of trade policy that should be encouraged.
It will screw the already weak PKR, country is already facing a storm of inflation this will put the economy in freefall.
 

Bleek

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Very real and it's not just confined to Baluchistan as people might believe. They have a strong network that they use to leverage sect, also it's an inlet for Russian aspirations in Pakistan.
I don't understand, what is Iran trying to achieve and why? A broken Pakistan?
 

peagle

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No matter how much you feed a 🦂 scorpion it will always sting you. Afghanistan is inherently unstable, such actions won't help stability in any way. As soon as the afghans start getting money they will spend it for fighting and pedophilia. If the group from kandhar gets time to settle the northern group will go for a winter sleep but won't die just like the kandhar group didn't, they both are two sides of same coin. Taliban's screwed Pakistan now the northeners will screw CIS.

I wont disagree with you because essentially I feel you are right. But we can't run our lives purely with emotions, especially we cannot run Pakistan only with emotions.

I sincerely believe, despite our problems, as a nation we are better, sometimes doing the right thing requires constant sacrifices. Yes, we cannot pay the sacrifices we have in the past, but we can't shut our doors to decency either. I am not at all religious, but my moral compass comes from Islam and teachings of Muhammad, they taught me to show patience and try to do the decent thing, as much as you can.

I think we are still capable of doing the right thing, I won't oppose you, but I will ask you not to close your heart completely, let enough space for others to show they may have changed, that's not asking for much. Stay blessed.
 

GOAT

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Very real and it's not just confined to Baluchistan as people might believe. They have a strong network that they use to leverage sect, also it's an inlet for Russian aspirations in Pakistan.

It will screw the already weak PKR, country is already facing a storm of inflation this will put the economy in freefall.
Why would it weaken the PKR?
 

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