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Home Business

Win-win for Afghans as coal trade with Pakistan picks pace

by News Publishing
July 18, 2022
in Business
Reading Time: 2 mins read
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Win-win for Afghans as coal trade with Pakistan picks pace
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The government and people of war-hit Afghanistan are in an advantageous position to benefit from the economic activity generated through the bilateral trade as Pakistan’s private sector imports Afghan coal to fuel their plants. 

Three companies from Pakistan are in coal trade with Afghanistan as thus far no agreement could be reached between the two governments for the trade.

Pakistan and its private sector work to support their Afghan brethren through reviving economic activity, but hostile elements try to undermine these efforts to serve their interests.

The coal imports are conducted by independent companies on both sides and are not affiliated with the Pakistani government in any capacity.

The Afghan Chambers of Commerce and Investment reports that the rise in annual revenue is due to the surge in exports of coal. Any false reporting or narratives are intended only to damage the livelihood of innocent people.

The coal export has helped Taliban government to generate revenue. Reportedly, as of May 27, 2022, officials had collected around 3 billion Afghanis (USD 33.80 million) in customs revenue on more than 16 billion Afghanis worth of coal exports in the last six months.

This economic recovery is threatening for all those who collaborators/ allies who are united against Taliban government.

Due to lack of any functioning international banking channels in Afghanistan, coal exports to Pakistan are a critical source of revenue for Afghan suppliers since they cannot effectively trade with any other country.

The coal trade between Pakistan and Afghanistan is evidently mutually beneficial, and it undermines the hostile designs of inimical forces/elements.

An August 2021 investigation uncovered an illegal mining corruption ring in Afghanistan involving SOS international (SOSi) Virginia company with links to US military and intelligence, according to Organised Crime and Corruption Reporting Project, a consortium of investigative centres, media and journalists operating in Eastern Europe.

Tags: Afghan Chambers of Commerce and InvestmentAfghanistancoal tradelatestPakistan
News Publishing

News Publishing

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