Business
Officials in DEA to Raise Exporting level into 50%
Officials in development exportation administration have said,” efforts are underway to raise the level of exports into 50% in current year.”
According to their statements in the past 9 months the level of the exporting goods has raised up to 33% , the raising of the level closely related to the investments and transportation facilities to find its markets in the world.
Officials in the following department have recently signed an agreement for the farmers and businessmen to receive 7 $ million long term loans with some money resources.
Head of the Exporting department Najla HabibYar said,” the loans which are being received is long term loan process that means each persons who receives loans can be used for 3 years, simultaneously they can receive even up to 7 $ million.”
Chief of Financial Office of rural of Afghanistan Hashmatullah Akhtary said,” the loans which are being given is based on Islamic rule, we provide loans for Women 100, 00 $ up to 500,000 $ for the small companies.”
In this way we will be capable to sign international business agreements to export more and decrease the level of the import in the country.
Miss Habibyar Said,” our aim is to raise the level of exportation up to 50% because the internal markets are full of imported goods.”
The following efforts come after that most of the infrastructure programs have not been implemented and there is no jobs opportunities from the business sectors created for the Afghans.
Reported by Wahid Nawisa
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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