Business
Afghan Electric Transformer Manufacture Company Inaugurated in Kabul
A $ 6 million electric transformer manufacture company owned by an Afghan was inaugurated in Kabul, to manufacture electric transformers with high quality with the cooperation of the Turkish engineers, the company would annually produce 900 electric transformers.
Owner of the company Abdul Satar Rahimi stated that efforts are underway to manufacture electric transformers with high quality and standard.
He said, “Today we are witnessing other step is taken towards the self-sufficiency of our country.”
In current condition investors are rarely dare to invest in Afghanistan, but officials in Ministry of commerce and industry admire and encourage the investors to invest in the country, but at the main time criticize the miss management economy.
Deputy Minister of commerce and industry Mohammad Qurban Haqjo said, “ Unfortunately we did not manage our economy well in the past years, now we would not witness huge number of investors to leave the country, hot and serious discussion is taken place, necessary supports and measurements is paved to draw more investors.”
Meanwhile second deputy of the Chief Executive Mohammad Mohaqiq insisted that the private company’s manufacture should be standard.
He said, “in order to help the newly inaugurated companies to sell the manufactures in the markets with high standards, the products should meet all the requirements of Ministry of commerce and industry and Da Afghanistan Breshna Sherkat.”
Based on the estimation of the Ministry of commerce and industry 80 percent of the electric tools with the cost of $ 200 million is being imported annually from abroad.
Reported by: Lida Naizi
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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