Business
150 Afghan Businessmen Ready to Invest in Chabahar Port
Officials in Ministry of Commerce and Industry have reported that 150 Afghan businessmen are ready to invest in Chabahar port for boosting their business and economy of the country.
They have stated that now no problem is stance against the Afghan businessmen not to invest in the following port, because they are receiving full supports of the Afghan Government.
Chabahar port is counted as one of the vital source of economy for Afghanistan.
Ministry of Commerce and Industry Spokesman Musafir Qoqandi said,” 150 Afghan businessmen are ready to invest in Chabahar port, necessary measurements and facilities have been provided, this will encourage the traders to invest and will also other businessmen to invest their money because the following port is exempted from paying taxation.”
Earlier one of the major problems which had discouraged the Afghan businessmen was having no proper space for the big and beast ships, to anchor.
Chamber of Commerce and Industry Advisor AbdulSalam Kohi said,” 1 out of 3 working phase of for investing in Chabahar port is done, this will provide more space for those ships to anchor within the port, Iran has promised for Afghan businessmen to provide lands, visas and some other necessary measurements which are needed to boost economy.”
Chabahar port was inaugurated by the three Governments of Afghanistan- Iran- India months ago.
Reported by Nabila Hafizi
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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