Business
South Africans, along with Russians, express interest in Afghanistan’s mining sector
In a separate meeting, Russian investors held talks with Afghanistan’s acting minister of mines and petroleum Shahabuddin Delawar on the Balkhab Copper Mine in Sar-e-Pul and Balkh provinces.
A group of South Africans met with Mullah Abdul Ghani Baradar, the deputy prime minister for economic affairs, in Kabul on Monday to discuss the possibility of investing in Afghanistan's mining sector.
According to Baradar’s office, the group is keen to invest in the extraction and processing of minerals.
Among the delegation were health sector experts who also stated they would be willing to work with the ministry of public health in Afghanistan to establish a well-equipped hospital.
Baradar assured the delegation of the Islamic Emirate’s full cooperation in both mining and health sectors.
Russian investors
In a separate meeting, Russian investors held talks with Afghanistan’s acting minister of mines and petroleum Shahabuddin Delawar on the Balkhab Copper Mine in Sar-e-Pul and Balkh provinces.
The ministry said in a statement that the Russian investors had been impressed at the opportunities available and had been especially interested in the Balkhab Copper Mine.
Russia is one of the world's leading mineral industries and is among the leading world producers of a vast range of mineral commodities, including aluminum, cement, copper, magnesium compounds and metals, gas, and oil among others.
In 2019, the country was the second worldwide producer of platinum, vanadium and cobalt. It also has huge reserves of gold, silver and uranium.
South Africa meanwhile has a vast mining industry and is most well-known for its gold, diamonds, platinum and coal resources and the mining industry is a primary economic contributor.
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Business
Shoemaking industry in Takhar province facing stagnation
A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.
According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.
The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.
Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”
Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”
Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.
Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”
A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.
Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”
However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.
Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”
Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.
Business
Daily truck clearances at Torkham drop from 400-500 to 5-10
Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.
SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.
He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.
Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
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