Business
Law to Supervise, Monitor Fuel-Gas Businesses Will be Designed: Tamim
Officials at petroleum and gas enterprise in Kabul have insisted on codifying of the law to supervise and monitor the fuel-gas businesses all over Afghanistan, efforts are underway to convert the policy into a law through legal and proper channels.
They have also stated that efforts are underway design a law to supervise and control the fueling and gas businesses.
CEO of petroleum and gas enterprise Dr. Walid Tamim said, “ This is big business that there should be a law to control and monitor the whole process, a policy is in place but there are some who are building barriers for not to convert the policy into a legal law.”
Meanwhile officials in chamber of commerce and industry have expressed supports from the following efforts saying some articles of the law are contrary to the Afghanistan constitution.
Deputy of the Chamber of commerce and industry KhanJan Alkozai said, “We agree if the Government converts the draft into a law to monitor and supervise the fueling and gas businesses, but article which indicates confining of the markets is contrary to Afghanistan constitution and is not acceptable for us.”
Documents indicate that Afghanistan is importing 3, 3 million tons of fuel which costs closely to $ 5 billion from abroad annually.
Reported by: Aslam Hejaab
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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