Business
High economy council approves 5 years development Safaron draft
Members at high economy council have approved 5 year development Safaron draft for developing the following industry.
Ministry of Agriculture and live stock Spokesman has stated that the following draft plan will increase the amount of Safaron production from 4 tons up to 8 tons incoming 5 years, and income will significantly increase from $5 million dollars up to $20 million dollars.
Officials in chamber of commerce and industry demanded the Government to find best markets for Afghanistan Safaron.
Ministry of Agriculture and live stock Spokesman Lufullah Rashed said,” a committee will be established, which will involve all the related departments, to work find best markets for Afghanistan Safaron, necessary measurements should adopted to develop the following plant.”
Deputy of chamber of commerce and industry Khanjan Alkozai said,” the following draft plan will increase the Safaron production remarkably, we still ask the Government to adopt necessary measurements for developing the following plantation in Afghanistan.”
Officials have stated that Safaron could be planted in 22 provinces of Afghanistan, though Afghanistan has the capacity to produce up to 70 tons of Safaron.
Reported by Aslam Hejaab
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
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.
Business
Export volume totals over $140 million in last month of 1402
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.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
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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