Business
Afghan minister calls for new Khaf-Herat railway line to link with Chabahar
Afghan Minister for Commerce and Industry Nisar Ahmad Faizi Ghoryani on Wednesday said the Khaf-Herat railway project was a great achievement for the people of Afghanistan and said he hoped this railway line would eventually be connected to the Chabahar-Zahedan rail network,
Speaking to Iran’s IRNA agency on the sidelines of the 8th round of Afghanistan-Pakistan Transit Trade Agreement (APTTA) meeting in Islamabad, also noted that Afghanistan’s banking-related challenges around trade and transit from Iran’s Chabahar port had been resolved.
He told IRNA that problems in receiving money related to the exports of Afghanistan to China and India through the port of Chabahar, had caused a slowdown in transit activities.
Ghoryani said: "Afghanistan raised the banking issue in the port of Chabahar with the American parties."
“The port of Chabahar is excluded from Washington's sanctions list, which is why the banking issue has been raised with the United States several times, and we have managed to get a 100 percent promise to lift it,” he said.
"The banking problem in Chabahar will be solved in the next few days and there will be no more obstacles or reasons for sabotaging Afghanistan's transit trade through this important Iranian port."
Ghoryani also told IRNA that Chabahar was a strategic port and an easy route to ensure the interests of Afghanistan and the region and said “we hope the Khaf railway will be connected to the Chabahar-Zahedan railway project."
He also again lauded Iran for the new Khaf-Herat railway line and said: “Khaf railway is a great project that connects Afghanistan to Europe through the Islamic Republic of Iran."
He also invited Iranian investors to participate in Afghan industries.
"Afghanistan imports stand at $7 billion a year, and we can work harder with Iranian investors to meet the needs of industry inside Afghanistan,” Ghoryani said.
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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