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Economy Grew Up in 1395 Comparing to Last Years: Annual Report

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(Last Updated On: October 24, 2022)

3Officials in Ministry of Commerce and Industry claimed economy of Afghanistan grew up in 1395 comparing to last years, saying about $ 1,5 billion collected from the investments perspective in the country.

Ministry of Commerce and Industry Spokesman Musafir Qoqandi said, “We could sign $ 1,5 billion dollar agreement on investment in Afghanistan, we also gained more achievements on simplifying of the business laws and regulations, more efforts to create business opportunities will be made in the future.”

Amid Officials in Chamber of Commerce and Industry also declared the year of 1395 full of achievements on economy aspect.

Deputy of the Chamber of Commerce and Industry Khanjan Alkozai said, “Our country is in state of stagnation, We in general witness low business deals but false economy is moving towards the real economy.”

Amid officials in Ministry of Rural Rehabilitations and Development claimed that 11380 economy projects launched in the year of 1395.

Minister of Rural Rehabilitations and Development Nasir Ahmad Durani said, “Despite of political and security skirmishes, we launched the above mentioned number of economy projects within the country.”

 Meanwhile Chief of  the Craftsmen Union  Sakhi Ahmad Paiman criticized the government for not paying attention to resolve the existed barriers in the year of 1395.

He said, “Years passed, no problem was resolved, having no electricity, lands, poor supporting of the domestic products, none practicing of National Unity Government commitments.”

Economy expert Taj Mohammad Talash said, “We have good capacity and sources on Agriculture, Mines, and Energy, therefore more attentions should be drawn to boost the economy.”

Insecurity, and poor attention of the governmental responsible caused dozens production firms to be closed and thousands workers to be unemployed.

Reported by: Aslam Hejaab

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Afghanistan and Turkmenistan firms sign over 10 contracts on construction, food materials

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(Last Updated On: May 7, 2024)

Afghanistan and Turkmenistan companies have signed more than 10 contracts and two memorandums of understanding on construction materials, including iron bars, paint, marble and food materials.

The contracts were signed during the trip of a Turkmen business delegation to Herat province and in the presence of Nooruddin Azizi, Acting Minister of Industry and Commerce.

“There is excellent opportunity for the expansion of trade and economic relations between Afghanistan and Turkmenistan, which both sides should take full advantage of,” Azizi said at the signing ceremony of these contracts, according to a statement released by the Ministry of Industry and Commerce on Tuesday.

The Ministry of Industry and Commerce pointed out that the contracts were inked as a follow-up to visit of the acting minister to Turkmenistan and meeting with its national leader Gurbanguly Berdi Mohammadov.

Earlier, the delegation from Turkmenistan’s private sector said that their goal is to expand economic relations between the private sectors of the two countries. They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.

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Turkmenistan’s industrialists keen to buy Herat-made construction material

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(Last Updated On: May 7, 2024)

Union of Turkmen industrialists is interested in a contract with Herat industrialists in the field of construction materials. The economic delegation of Turkmenistan, which has been in Herat for the past three days, has visited various plants including marble and iron and also paint manufacturers.

The delegation, which is from Turkmenistan’s private sector, says that their goal is to expand economic relations between the private sectors of the two countries.

They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.

Contracts for the sale of marble, paint and iron bars between the two countries are expected to be signed soon.

“During this trip that we were in Herat and the products that we saw in the factories and especially the works that were handicrafts in the field of marble and onyx, these are really amazing, naturally, in the world of industries handicraft is said to be one of the most expensive and popular products, so we were surprised by the products we saw here,” said a member of the delegation from Turkmenistan.

Herat Chamber of Industries and Mines says that there is now the capacity in Herat Industrial City to produce enough goods in various sectors to export abroad. At present, there are about 40 companies operating in the marble processing sector.

An agreement with the Turkmenistan union for construction materials could be a valuable step for Herat business owners.

Some factory owners also believe that the production of construction materials has improved in recent years, and that the capacities in the production and processing of marble and iron bars have also increased.

Herat Chamber of Industries and Mines says that currently more than 800 factories are active in the industrial town of this province.

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Afghanistan’s Turkey-bound goods via rail cross Tehran

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(Last Updated On: May 6, 2024)

Ten wagons of Afghanistan’s goods bound for Turkey have passed through Tehran and are now on the way to the Razi border in northwest Iran, local media reported on Monday.

IRNA news agency, citing the Ministry of Roads and Urban Development of Iran, said that Afghanistan Rail Development Consortium dispatched the consignment without going through legal procedures, including obtaining permits from border guards and customs, as well as without obtaining permission from the Iranian Railway Authority.

It said that Iran allowed the passage of the consignment considering its national interests and with goodwill.

Iranian officials announced that they will allow the next trade consignment from Afghanistan to transit through the country only after the necessary permits from relevant authorities have been obtained.

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