Business
Afghan pine nuts exports increase: officials
The Ministry of Industry and Commerce have announced that exports of Afghan pine nuts have increased recently.
Officials in the ministry say that in the last eight months, more than 5,000 tons of pine nuts worth $14 million have been exported to the United Arab Emirates, China, Qatar, UK, USA, Australia, Netherlands and other countries.
"In the last eight months, pine nuts exports worth approximately 14 million dollars were exported mainly to China, India, Pakistan, the United Arab Emirates, Saudi Arabia, Qatar, US, UK, Australia, Netherlands and other countries,” said Abdulsalam Jawad Akhundzada, the spokesman of the ministry.
"Although it was the best in terms of price and quality, but most of last year's pine nuts still remain in the markets, which should be exported to Arab countries and US through international expos, and must be supported by subsidy programs by the government to other domestic factories and should be regulated,” said Mahboobullah Mohammadi, an investor.
Meanwhile, officials in the Ministry of Agriculture, Irrigation and Livestock also say that they are trying to increase the production of pine nuts in the country. The ministry’s spokesman adds that pine nuts are produced in a traditional way, and they have managed this process properly and prevented waste.
"Pine nuts are in the natural forests, and in the forests where there are pine nuts, we have tried to increase the yield of pine nuts,” said Misbahuddin Mustain, the spokesman of the ministry.
Experts say that the government should pay more attention to the production and export of pine nuts and introduce this product in global markets.
Afghan pine nuts enjoys a special reputation. In the past years, the product used to be exported to global markets through air corridors, but now that the air corridors are not fully operational, a small amount of pine nuts is exported outside the country.
According to the Ministry of Industry and Commerce, Afghanistan exported goods worth nearly $2 billion to regional countries and beyond during the year 2023.
Its spokesman stated on Monday that Afghanistan’s exports were mainly to countries such as Pakistan, India, China, the United Arab Emirates, Kazakhstan, and Uzbekistan.
He mentioned that Afghanistan’s exports this year have increased by two percent compared to previous years and emphasized the need for world’s restrictions to be lifted for the development of Afghanistan’s trade.
Business
Mullah Baradar inaugurates a blanket factory in Kabul
About 930 million Afghanis have been invested in the factory and it currently has the capacity to produce 1000 blankets per day.
Mullah Abdul Ghani Baradar, the economic deputy prime minister, on Sunday inaugurated a blanket factory in Pul-e-Charkhi industrial area in Kabul city.
Speaking at the inauguration ceremony, Baradar said that with the provision of overall security in the country and the reduction of corruption, a favorable environment for medium and small investments has been created.
He added that the Islamic Emirate continues to support domestic industries by implementing effective import substitution policies, which plays an important role in strengthening the country's national economy.
Baradar stated that in order to support domestic industries, heavy-duty machines worth 100 million afghanis ($1.4 million) were purchased for the newly established blanket factory based on the Islamic Murabaha Islamic financing structure.
Murabaha is a sales contract where the buyer and seller agree on the markup or "cost-plus" price for the item being sold.
Baradar also mentioned that the Islamic Emirate seeks to reduce dependence on foreign imports by increasing the level of investment.
He called businessmen and investors to invest inside Afghanistan for the economic growth of the country.
According to Baradar’s office, the newly established blanket factory uses domestically sourced raw materials including wool and cotton, which will help increase job opportunities in addition to strengthening the livestock and agriculture sector.
About 930 million afghanis has been invested in the factory and it currently has the capacity to produce 1,000 blankets per day.
The factory has employed about 900 people.
Business
Trade volume between Kabul-Tehran has reached over $1.8 billion: MoIC
Afghanistan News: Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to $1.3 billion
Ministry of Industry and Commerce (MoIC) says the trade volume between Afghanistan and Iran has reached more than $1.8 billion over the past seven months of 1403 [solar year].
The ministry's spokesman Abdulsalam Jawad Akhundzada said these trades include oil and non-oil goods.
According to Jawad Akhundzada, trade and transit with Iran is expanding.
“Afghanistan's trade with Iran during the seven months of 1403 was worth $1 billion 827 million dollars, of which 30 million dollars were exports and $1 billion 797 million dollars were imports,” said Akhundzada.
“Most of the major export goods are mineral stones, raisins, all kinds of soft drinks and sesame seeds, and the main import items are diesel fuel, petrol, raw materials for manufacturing, liquid gas and cement,” he added.
Meanwhile, Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to 1.3 billion dollars.
Tehran Times newspaper quoted the Iranian customs officials and reported that Afghanistan was Iran's fifth largest importer of non-oil products in the last seven months.
Business
Afghanistan-India trade volume totals $650 million so far this year
Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.
In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.
He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.
According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.
Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.
The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.
Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.
According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.
The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.
JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.
He also promised to increase Indian visa facilities for Afghans.
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