Business
US to Convert 8 Military Bases into Industrial Centers in Afghanistan
Officials in US Government have decided to convert the 8 military basses located in different parts of Afghanistan into industrial and investments center.
Afghan officials in Ministry of Commerce and Industry and Chamber of Commerce and industry have stated that by finding those 8 military bases converted into a business centers the Afghanistan economy will boost.
Both Afghan-US officials have commented that business has remarkable been down in Afghanistan specially by the International investors.
Afghan officials in chamber of commerce have reported that for drawing of more International investors a joint business summit will be held on December 2015.
Member of the chamber of commerce of Afghanistan-US Asad Matin said,” There will be business centers built in different main cities of Afghanistan in order to boost the Afghanistan’s economy in those military centers.”
Deputy of the chamber of commerce Khan Jan Alokozia said,” there are 3 main problems on drawing international investors attention, such security protecting the investments,corruptions,no basic work has been done on infrastructures in Afghanistan.”
Afghan Businessman Mahmood Karzai said,” the National Unity Government should have different policy drawing international investors’s attentions, those policies will encourage both sides to invest in Afghanistan.”
Though the slogan of National Unity Government has been drawing the investors attention but yet to see any investors to invest in Afghanistan due to different problems.
President Ghani in his speech had said that form the remaining months the National Unity Government leaders will focus on boosting economy in Afghanistan.
Reported by Mohammad Aslam Ihjab
Business
Chinese and Uzbek investors express interest in Afghanistan’s mining sector
During the meeting, the investors reportedly welcomed what they described as improved nationwide security and a more favorable investment environment under the Islamic Emirate.
Afghanistan’s Ministry of Mines and Petroleum says a group of investors from China and Uzbekistan have shown interest in investing in the country’s metallic and non-metallic mining sector.
According to the ministry, Deputy Minister for Finance and Administration Hasamuddin Saberi held talks with the foreign investors to discuss potential investment opportunities in Afghanistan’s mining industry.
During the meeting, the investors reportedly welcomed what they described as improved nationwide security and a more favorable investment environment under the Islamic Emirate. They also expressed readiness to invest in a range of mining projects across Afghanistan.
Saberi welcomed the interest shown by the Chinese and Uzbek delegations and said the Ministry of Mines and Petroleum would provide the necessary cooperation to facilitate investment in accordance with Afghanistan’s mining laws and procedures.
Afghanistan is believed to possess significant untapped reserves of minerals and rare earth resources, and the Islamic Emirate has repeatedly called on foreign investors to participate in the development of the country’s mining sector.
The Office of Mullah Abdul Ghani Baradar has announced a contract worth over $46 million for the construction and outfitting of standard laboratory complexes in Kabul and nine major ports across Afghanistan.
The agreement, signed Wednesday at the Government Media and Information Center, was finalized between Faizullah Tamim, head of the Standards and Quality Authority, and representatives of the Indian international firm TCRC, according to a statement from the Deputy Prime Minister for Economic Affairs Office.
Under the five-year deal, TCRC will establish modern laboratory complexes in the capital and key ports, install advanced equipment, renovate existing facilities, and introduce foreign specialists to strengthen the professional capacity of the authority’s staff.
The project will also provide domestic and international training programs for technical employees and support efforts to secure internationally recognized quality certifications from the International Organization for Standardization (ISO).
Officials said the initiative aims to improve Afghanistan’s quality control systems and enhance standards infrastructure nationwide.
Ariana Afghan Airlines has announced a reduction in cargo service rates on the Kabul–Delhi route as part of efforts to support Afghanistan’s trade and export sector.
The airline said the new cargo rate has been set at $1.20 per kilogram, a move intended to make air freight more affordable and accessible for Afghan traders and exporters.
Bakht-ur-Rahman Sharafat, head of Ariana Afghan Airlines, said the decision is expected to play a significant role in increasing exports of domestic products and strengthening commercial activity between Afghanistan and India.
He added that Ariana will continue to introduce new measures in the future to improve its services and better meet the needs of its customers.
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