Pakistan, during a meeting of Country’s Economic Coordination Committee (ECC), on On Tuesday, he approved imports from neighboring Afghanistan in exchange for in local currency, a move Mainly intended to buy coal for help Reducing energy shortage.
ECC agreed to amend in 2022 import policy order “to allow import of goods of Afghani origin against Buck Ruby for a period of one year said a statement of the Ministry of Finance.
The move Aims to import Afghani coal for Pakistan is facing energy crises due to its shortage of foreign reserves for buy Liquefied Natural Gas (LNG) or Oil in The international market to me run that it power the plants.
Prime Minister Shahbaz Sharif announced plans last A week to import coal from Afghanistan using local currency to provide foreign reserves.
Islamabad has already announced Easy visa system for Afghan citizens help easy trade on Both sides of the border. A spokesman for the Afghan Ministry of Finance did not immediately respond to a request for comment.
Customs duty of coal exported to Pakistan is key source of he won for cash- It hit Afghanistan. Penalties on The banking sector is downgrading in development Since the Taliban took control last year August severely hindered him economy.
No country has officially recognized the Taliban governmentWhich means international financial help dried up up While Afghanistan is facing a humanitarian and economic crisis.
Recently, the Afghan Taliban have advanced up Coal exports to Pakistan to generate more Revenue from the mining sector in absence of Foreign direct financing.
Kabul raised duties on Recently increased sales and rates.
Pakistan has also also facing Economic crisis , with The decline in foreign reserves to the lowest level is almost sufficient for 45 days of imports.
