The Ministry of Finance reported that based on the leadership decision, import duties on essential foods have decreased by 50 and 70 per cent over the past solar year.
Due to this decision, the ministry said customs duties had been reduced to 6.7 million Afghanis during the 1401 solar year.
Customs taxes on food products such as flour, wheat, cooking oil, rice, and sugar were reduced to help keep prices down on the local market.
Pakistan’s export to Afghanistan rose by 32 per cent from $500 million to $ 658 million in the first eight months of the fiscal year 2022-2023.
Afghanistan imports most of its food commodities from neighbouring countries, including Pakistan, Iran, and Central Asian countries.
Since Afghanistan’s takeover by the Taliban-led government, Pakistan’s export to Afghanistan has increased to 32%, according to media reports. Simultaneously, Afghanistan’s export to Pakistan has also increased than before.
However, according to experts, border clearance delays cause food commodities costs to decrease.
The post Customs Duty on Essential Food Items Cut: Afghanistan appeared first on The Khaama Press News Agency.
Source: The Khaama Press News Agency
