Trade
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IRGC: Strait of Hormuz to Stay Closed Until US Accepts Iran’s Conditions
DID Press: Hossein Mohebi, a spokesperson for Iran’s Islamic Revolutionary Guard Corps (IRGC), says the Strait of Hormuz will remain closed until the United States accepts the conditions set by the Islamic Republic. Mohebi said the strait is currently closed…
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Pakistan Seeks $10 Billion US Facility Amid Economic Pressures
DID Press: Pakistan has asked United States for a $10 billion financial facility as Islamabad seeks to capitalize on improving relations with Washington. Pakistani officials expect to receive a response within the coming months. According to Bloomberg, Khurram Shehzad, an…
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Dawn: Decline in Afghanistan Transit Threatens Peshawar’s Economy
DID Press: Pakistan’s Dawn newspaper has reported a sharp decline in Afghan transit trade through Pakistan, warning that the shift is putting increasing economic pressure on Peshawar and the surrounding region. The newspaper, citing changes in Afghanistan’s trade routes, said…
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Canada to Impose Retaliatory Tariffs on US Goods
DID Press: Canada is set to announce retaliatory tariffs on U.S. goods on Tuesday, Aug. 25, an informed Canadian government source told The Associated Press, escalating trade tensions between the two countries. The move follows a breakdown in trade negotiations…
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New $10 Million Scanners Being Installed at Afghanistan-Iran Border
DID Press: Work is continuing on a nearly $10 million project to install new scanners at the Islam Qala border crossing in Afghanistan’s western Herat province, local officials said. According to Taliban officials, the project aims to strengthen the technical…
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Afghanistan-Iran Rail Trade Surges Ninefold
DID Press: Rail freight between Afghanistan and Iran has increased sharply, according to the Iranian Embassy in Kabul. According to Iranian Railways, the volume of goods transported to Afghanistan has risen from less than 15,000 tonnes annually to around 130,000…
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Torkham Becomes Key to China-Pakistan-Afghanistan Economic Corridor
DID Press: The Torkham Border Crossing on the Afghanistan-Pakistan border has emerged as a critical gateway for the future of regional trade and transit projects, particularly the development of the China-Pakistan Economic Corridor (CPEC). Pakistan’s The Nation reported that in…
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The Atlantic: Trump Failing in Trade War With Canada
DID Press: The Atlantic reports that US President Donald Trump has failed to achieve his objectives in the trade dispute with Canada, with Washington’s tariffs, pressure and threats against Ottawa producing limited results. The magazine said that despite Canada’s economy…
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81 Afghan Traders Return, Invest $68 Million and Create 4,600 Jobs
DID Press: The Taliban government says 81 Afghan traders and industrialists have returned to Afghanistan over the past two years, investing a combined $68 million and creating more than 4,600 direct jobs. Hamdullah Fitrat, deputy spokesperson for the Taliban government,…
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Turkmenistan Sells $1.44M of Low-Sulfur Diesel to Afghanistan, UAE
DID Press: Turkmenistan has signed two contracts worth a combined $1.44 million to sell low-sulfur diesel to buyers from Afghanistan and the United Arab Emirates, according to Turkmen media. The contracts were recently concluded at the foreign market of Turkmenistan’s…
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