Pakistan suffers setback as trade with Afghanistan declines
Updated: May 11, 2021 07:14 IST
Islamabad [Pakistan], May 11 (ANI): Pakistan‘s exports to Afghanistan have declined in the current fiscal year, which is depriving the former country of a major market for its products and dwindling trade with its neighbour.
Pakistan‘s exports to Afghanistan fell 5.5 per cent from USD 790 million to USD 746.3 million during the first nine months of the current fiscal year, reported Dawn citing the State Bank of Pakistan (SBP).
According to businessmen, the declining trend is tantamount to squandering a great opportunity, which is costing businesses and the country greatly. The issues to Pakistan–Afghanistan trade are suffering from non-tariff barriers, apathetic bureaucracy, poor infrastructure and volatile geopolitics.