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2 out of 3 liters of oil enter without supervision: NSB

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(Last Updated On: October 24, 2022)

6Officials in National Standard Bureau have stated that 2 out of 3 liters of Oil which is being imported into the country are coming illegal or in most cases its exempted paying taxation in the ports.

Meanwhile head of the Oil and Gas urged that there are some corrupted Governmental figures within the departments who are connected with the Oil mafia in Afghanistan.

Based on the estimation of the imported fuel coming inside the country for civilian and military proposes annually, where the most part of the following oil is coming through none standard channel by Mafia.

Head of the National Standard Bureau Naqibullah Faiq said,” 1 out 3 liters of oil which is being imported is checked by our staffs the other two either coming through exemption channel or Mafia way.”

Meanwhile head of the Oil and Gas department Walid Tamim said,” Mafia is connected with the Governmental corrupted figures, local commander, and insurgents in the region, based on the agreement the Oil which is being imported for the consumption of military proposes through exemption, most of the traders are misusing the following agreement and import tons of oil in the country.”

Officials in the following department have stated that a draft has been delivered to the Presidential palace identifying the Oil number 80 is not standard one and will soon be banned within the country.

Reported by Ahmad Farshad Saleh

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(Last Updated On: April 15, 2024)

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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Afghanistan reaches self-sufficiency in production of 133 items: MoIC

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(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

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DAB declares online currency exchanges illegal

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(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.

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