Business

Gov’t usurps $ 109 million ACCI properties: Officials

Published

8 years ago

April 18, 2016

(Last Updated On: October 25, 2022)

The Afghan government has grabbed $109 million properties of the Afghanistan Chamber of Commerce and Industry (ACCI), Officials said.

Officials in ACCI said that the government creates obstacles instead of growing investment in the country.

Land grabbing now has become an established practice in the country and those who have power would not hesitate in usurping lands and it might be due to its value. It is a lucrative business now. The grabbed lands defiantly bring millions of dollars to them. Those who are engaged in this business might enjoy immense support from powerful individuals in the government, because common people would not dare to do so.

“We call on government to wake up and use the existed opportunities and provide fields for investments that unemployment reduces in the country,” Azrakhsh Hafezi, head of ACCI’s foreign relation said.

If the government turned a blind eye to the issue, it would not be too far to witness that all public lands are usurped by the land mafia. Immediate action is the need of the hour.

“The Chamber of Commerce now becomes a political business and no one can press government for this action,” Abdul Jabar Safi, head of craftsmen union said.

In the last ten years, land disputes have become a permanent feature of Afghanistan’s landscape and also a primary driver of conflict in the country. Land grabbing has reached its peak in the past 10-year, mainly after the collapse of Taliban regime. Land mafia groups have increased their activities as soon as land value has increasing.

Meanwhile, Afghanistan Investment Support Agency (AISA) announced creating a new plan for supporting investments.

“Afghanistan faces a difficult economic situation and we should work on standardizing productions and investment,” Muhammad Qurban Haqjo, chairman of AISA said.

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

46 mins ago

April 24, 2024

Ariana News

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Business

Afghanistan starts exporting via railway to Turkey

Published

2 days ago

April 22, 2024

Ariana News

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

3 days ago

April 21, 2024

Ariana News

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.