Afghanistan lowers customs taxes on construction supplies and doubles trade volume.
The shifting political scenario in Afghanistan has resulted in an increase in trade traffic on the Torkham Border. The number of cargo trucks has climbed from 70 to 270 in the last 36 hours.
Since the new forces peacefully gained control of the Afghan capital, customs officials have reported that trade on the Pak-Afghan border has increased.
In addition, Afghanistan’s new administrative forces have announced to lower customs duties on 159 commodities. It includes cement, glass, steel, and food. The reduction in customs tax will also reduce the cost of construction materials in Pakistan.
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Furthermore, lower customs duties will affect the price of gasoline, diesel, electronics, and edibles imported and exported from Afghanistan. Prices will drop by 50-90 percent as a result of this event.
Reduced customs taxes will lower the high prices of necessary items and create a favorable environment for business and commerce. Indeed, it will also create new job prospects.