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More than 120 Afghan Factories in Pakistan Eager to Invest in Country

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(Last Updated On: October 24, 2022)

SANAT_23_01_2017_DARI_SOT.mpg_snapshot_00.21_[2017.01.23_17.20.40]Afghan investors who are activating in Pakistan show eager to start investment in the country, but they complaint over lack of enough lands.

More than 120 Afghan factories in Pakistan show readiness to begin their activities in the country, but the government has still not issued a decree for the distribution of lands for them.

Afghanistan Craftsmen Union say these factories are seeking ways to find lands to begin investing in the country.

“President Ghani has previously instructed the Ministry of Interior to distribute lands for investors, but the decree is unknown so far,” said Abdul Jabar Safi, deputy of Afghan Craftsmen Union.

In the meantime, Ministry of Commerce and Industry (ACCI) says a large number of lands have been considered for investors in Deh-e Sabz area and the distribution process will begin in the nearest time.

“We have been informed about this issue and we are working on it,” said Musafer Quqandi, spokesman of ACCI.

Afghan Craftsmen Union warned that if the Afghan investors do not find their needed lands, the Pakistani government would encourage them to continue their activities in Pakistan.

Analysts say it would have positive effects in the economy of the country if these factories activate in the country.

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Export volume totals over $140 million in last month of 1402

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(Last Updated On: April 17, 2024)

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.

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(Last Updated On: April 15, 2024)

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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Afghanistan reaches self-sufficiency in production of 133 items: MoIC

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(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

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