Karachi: The ongoing closure of the Pakistan-Afghanistan border since October 11 has dealt a severe blow to Pakistan’s trade, manufacturing, and export sectors, worsening the country’s already fragile economic situation. The standoff has not only halted two-way trade but also triggered shortages, price hikes, and production disruptions across key industries that depend on Afghan routes for imports and exports, as reported by Dawn. According to Dawn, the cement industry has been among the hardest hit. Imports of Afghan coal and exports of cement to Afghanistan have completely stopped, forcing manufacturers in northern Pakistan to rely on costlier coal imports from South Africa, Indonesia, and Mozambique. The price of Darra (local) coal has jumped from Pakistani currency (PKR) 30,000-32,000 to PKR 42,000-45,000 per tonne, while Afghan coal, previously available at PKR 30,000-38,000, has vanished from the market. Firms like Cherat, Fauji, and Maple Leaf Cement are facing significant financial setbacks, as exports to Afghanistan accounted for a notable share of their revenues. (ANI)
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