Business
Baradar encourages honest business deals by traders
Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Wednesday urged Afghan traders and business owners to conduct their business dealings in an honest way.
Addressing a meeting that brought together various government ministries, agencies, and national traders participants and Baradar discussed issues around the quality of oil and gas and other challenges in the sector.
Speaking at the meeting Baradar acknowledged the significant contribution of Afghan businessmen to the country’s economic progress. He emphasized the need for their continued support in the nation’s development and urged them to maintain honesty in all their endeavors.
Baradar called upon them to prioritize the importation of high-quality oil and gas and other goods in order to safeguard the environment and the public’s health.
Meanwhile, national oil and gas traders expressed their gratitude to the officials of the Islamic Emirate of Afghanistan (IEA) for creating a secure business environment and offering comprehensive support.
They shared their concerns about issues related to the quality control of oil and gas, taxation, company usernames with the MoF, domestic oil refineries, and customs.
These traders requested fair treatment in the oil and gas import sector, particularly when the fuel is slightly under established standards. They believed that this approach would not only lead to increased oil and gas imports but also prevent harm to traders.
Baradar assured the national oil and gas traders of his support and instructed the relevant ministries and agencies to work collaboratively towards finding suitable solutions.
The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.
According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.
The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.
The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.
Business
Russia’s LPG exports to Afghanistan boom as Europe shuns it
The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.
Russia’s exports of liquefied petroleum gas (LPG) to Afghanistan and ex-Soviet states in Central Asia have jumped following introduction of European Union sanctions against Moscow at the end of 2024, industry sources said on Wednesday, Reuters reported.
The European Union’s sanctions against Russia’s LPG over the war in Ukraine took effect on December 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers.
LPG, or propane and butane, is mainly used as fuel for cars, heating and to produce other petrochemicals.
According to the industry sources, railway supplies of LPG from Russia’s plants, including the Kazrosgas joint venture with Kazakhstan, jumped to the region by 80% year on year in January – February to 140,000 metric tons, read the report.
The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.
Traders expect great scope for more supplies to Afghanistan, where annual demand for LPG is seen at around 700,000 tons per year.
Acting Minister of Industry and Commerce Nooruddin Azizi and Zhao Xing, the Chinese Ambassador to Kabul, met on Tuesday and discussed increasing Afghanistan’s exports to China, particularly pine nuts, pomegranates, and precious and semi-precious stones such as nephrite, onyx, lapis lazuli, and talc, the ministry said in a statement.
According to the statement the goal of the meeting was to facilitate direct exports to China in order to reduce transit costs and transportation of Afghan goods, as well as to address the importation of machinery needed for the country.
Azizi and Zhao have agreed to establish a joint working group for further coordination, expanding trade relations, and creating facilities for trade, with the aim of holding regular meetings, the statement read.
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