English हिन्दी
Connect with us

Latest world news

India succeeds hurting Pakistan’s trade interest in Afghanistan

Published

on

List of banks that revised interest rates on FD in first week of April

Development of Iranian port Chabahar and connecting road to Afghanistan by India has started showing results causing huge trade deficit for Pakistan. A senior Pakistani official has acknowledged that India has succeeded to penetrate in Kabul declining their market share by more than 50 per cent falling to $ 1.2 billion from $ 2.7 billion during last two years.

According to Dawn, Zubain Motiwala, Chairman Pakistan-Afghanistan Joint Chamber of Commerce and Industry who recently visited Kabul said on Friday that the penetration of India and China into Afghan market has limited Pakistan’s option to retain its market share. He said that India subsidises heavily on its exports. Pakistan has been losing even the traditional markets of flour, men and women’s clothes and red meat.

According to Motiwala, India has been providing goods at subsidised rates to capture the market and are providing air tickets with a 75pc rebate. Afghans find it easy to travel to India with cheap tickets and free multiple visas without police checks.

According to Pakistan Bureau of Statistics, exports to Afghanistan dropped to $1.271bn in FY17 from $1.437bn in FY16. Exports in the first quarter of 2017-18 stood at $319 million. Traditionally Kabul was natural market for Pakistani exports which is now changing because of cheaper products from China and India.

Rising India’s medical tourism has also affected Pakistan. Earlier thousands of Afghans used to visit Peshawar for medical treatment but now they prefer going to India due to cheaper treatments. “Medical tourism of Peshawar, which was mainly due to Afghans, is now at zero level; hospitals in Hayatabad are empty,” Motiwala added.

Large numbers of Peshawar traders have also lost their business. Out of 200 flour mills, about 100 have been closed down due to a drastic fall in the export of flour to Afghanistan.

Movement of containers’ traffic from Karachi port to Kabul have also decreased from average 70,000 to just 7000 which reflects the change of trading route for imported goods to Afghanistan.

Dawn report further says that Pakistan was the biggest supplier of shalwar qameez suits to Kabul which is now shifted to the supplies from India and China. This was a traditional Pakistani item in Afghan market.

India succeeds hurting Pakistan’s trade interest in Afghanistan

Earlier on February 9, Eurasian Times had reported that over 80% of Afghanistan’s cargo traffic has shifted from Karachi seaport to Bandar Abbas and Chabahar ports in Iran. The move comes as a result to Pakistan’s new trade tariffs and inauguration of Chabahar port, which is expected to greatly impact the Pakistan’s role in trade transit for Afghanistan.

In October last year, India shipped its first consignment of wheat to Afghanistan by sea through Chabahar port, launching a trade route bypassing Pakistan. The shipment was sent from Kandla seaport. The shipment was taken by trucks to Afghanistan from the Iranian port.

In May 2016, India, Iran, and Afghanistan had signed a historic three-nation deal to develop the strategic Chabahar port and build a transport and trade corridor through Afghanistan that could halve the time and cost of doing business with Europe.

Since 2001 US-led military operation to remove Taliban government in Afghanistan, militant groups used to attack coalition cargo travelling from Karachi to Kabul in Baluchistan province for black mailing US administration and exerting pressure on Pakistan government.

India News

India summons Ukrainian envoy after ships with Indian crew attacked in Black Sea

Published

on

India has summoned the Ukrainian Ambassador after two merchant vessels carrying Indian crew were attacked in the Black Sea, raising concerns over the safety of Indians working in the conflict zone.

The Ministry of External Affairs (MEA) described the incidents as a matter of serious concerns and conveyed India’s position directly to the Ukrainian envoy.

According to the MEA, the attacks took place amid the ongoing Russia-Ukrainian war, where commercial shipping has increasingly come under threat due to military operations. Although no deaths have been reported, several Indian seafarers were on board the affected vessels, prompting the government to seek immediate clarification from Ukraine and stress the need to ensure their safety.

During the meeting, the MEA reiterated that merchant ships engaged in commercial trade and civilian crew members must not become targets during armed conflict. India urged Ukraine to take all possible steps to prevent such incidents and to uphold international maritime law, which protects civilian shipping operating in international waters.

The ministry said it is in constant contact with Indian missions abroad, shipping companies, and maritime authorities to monitor the condition of Indian crew members. Officials have assured that diplomatic and consular assistance for the crew.

The attack have once again highlighted the dangers faced by thousands of Indian seafarers employed on international cargo vessels operating in conflict-affected regions. The continuing war has disrupted shipping routes in the Black Sea, creating risks for commercial trade and the safety of multinational crews.

The latest diplomatic move reflects India’s consistent position on the Russia-Ukraine conflict. While maintaining relations with both countries, India has repeatedly called for dialogue, a peaceful resolution to the conflict, and the protection of civilians and commercial vessels under international law.

Continue Reading

Latest world news

US shooting: Seattle food festival shooting leaves 2 dead, 5 injured near Space Needle

Two people were killed and five others injured after gunfire erupted during Seattle’s annual Bite of Seattle food festival near the Space Needle. Police have launched an investigation.

Published

on

At least two people were killed and five others were injured after a shooting broke out during the annual Bite of Seattle food festival in Seattle, United States, on Sunday. The incident took place near the city’s iconic Space Needle, with authorities launching an investigation into the attack.

According to police, the shooting occurred at Seattle Center while the venue was hosting the popular Bite of Seattle festival, which features hundreds of local food vendors and live music performances. Officials said it was not immediately clear whether anyone had been taken into custody.

The Seattle Police Department said in a post on X that officers were responding to reports of multiple shooting victims and urged people to stay away from the area as the investigation continued.

Shooting erupted during crowded food festival

The gunfire was reported at around 6 pm local time inside Seattle Center, where large crowds had gathered for the annual festival. Emergency responders rushed to the scene, and the injured victims were taken to Harborview Medical Center for treatment, according to media reports.

The festival was underway when the shooting occurred, triggering panic among attendees as people fled the area seeking safety.

Video captures panic after gunfire

Videos circulating on social media appear to capture the moments after shots rang out, with people seen running through the venue amid the chaos.

Eyewitnesses told local broadcaster KOMO that they heard around seven to eight gunshots before crowds began scattering in different directions.

Police have not yet released details about a possible suspect or the motive behind the shooting. The investigation remains ongoing.

Continue Reading

Latest world news

Trump says Iran getting more serious in talks, no decision yet on major strikes

Donald Trump says Iran is becoming more serious in negotiations with the US but insists no decision has been taken on launching major military strikes against Tehran.

Published

on

Donald Trump

US President Donald Trump has said he has not yet decided whether to authorise major military strikes against Iran, stating that Tehran has become “more serious” in its negotiations with Washington even as tensions between the two countries remain high.

Speaking to reporters in the Oval Office on Friday, Trump said discussions with Iran were continuing and suggested diplomatic efforts were showing signs of progress.

“We’re talking to them right now. I think they’re getting more and more serious as the days go by,” Trump said, adding that no final decision had been taken on launching military action.

Trump says diplomacy remains an option

Trump said the United States remained prepared for military action if required but indicated that ongoing talks could still lead to an agreement.

“We’re locked and loaded and ready to go. But we’re talking to them, so I think while we’re talking, we’ll see what comes of it. I believe they’re very serious. They should be,” he said.

The US President also warned that Iran would face a “much higher level” of strikes if negotiations failed, while reiterating that preventing Tehran from developing a nuclear weapon remained his key red line.

The United States has said its military operations are aimed at preventing Iran from closing the strategically important Strait of Hormuz. Iran, meanwhile, has carried out retaliatory strikes on US bases, with four American service members reported killed.

Reports claim Trump discussed large-scale military operation

Trump’s remarks came after media reports suggested he met senior advisers to discuss the possibility of a large-scale military operation against Iran. Another report said he was considering a “massive attack”, although Trump did not confirm those reports during his interaction with journalists.

He also acknowledged that the prolonged conflict, which he had earlier expected to last only a few weeks, was approaching its fifth month and had become a political challenge ahead of the US midterm elections scheduled for November.

Trump issues warning over support for Iran

Trump also addressed reports claiming that Russia and China were providing intelligence or military support to Iran. He said both Chinese President Xi Jinping and Russian President Vladimir Putin had assured him they would not arm Tehran.

“I think they wouldn’t want to have me disappointed,” Trump said.

In a separate post on his Truth Social platform, Trump warned Moscow and Beijing against supplying weapons to Iran, saying such a move would not be in their interests.

He further stated that Xi had assured him during their meeting in Beijing in May that China would not provide weapons to Iran, while Putin had conveyed a similar position despite the ongoing war in Ukraine.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com