MM News TV
Friday 7th October 2022 / 11 Rabiulawal 1444

Pakistan and Afghanistan agree on coal trade



An agreement has been reached between Pakistan and Afghanistan for bilateral trade, especially coal trade.

According to the details, Pakistan and Afghanistan have signed an agreement for bilateral trade, especially coal trade, in the context of furnace oil becoming expensive in the global market. It should be noted that the purpose of the bilateral agreement is to obtain relatively cheap coal instead of using expensive furnace oil for production in view of the shortage of electricity in Pakistan.

Even before this agreement, a small amount of coal is being imported for power generation through the Chaman border station in Balochistan, while under the new agreement, coal will also be imported from Kharlachi and Ghulam Khan customs stations in Khyber Pakhtunkhwa.

It should be noted that coal imported from Afghanistan will be used for power generation in two plants, Habko and Sahiwal plants. According to official sources, the problem of Pakistan’s energy shortage is expected to be solved by the import of coal.

Read more: Miftah says Pakistan is bound to increase power tariff as per IMF agreement

Since the Taliban took control of Kabul in August 2021, Pakistan has become a major importer of goods from Afghanistan, during which Pakistan’s exports to Afghanistan have declined significantly due to the unavailability of tradable currency through banking channels.

It should be noted that these decisions were made during the 3-day visit of Pakistan’s trade delegation to Kabul from July 18 to July 20.

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