Connect with us

Business

Burning of 86 Shops in Kabul Causes 3 Billion Afghani in Financial Damages

Published

on

(Last Updated On: October 24, 2022)

3

On Tuesday evening, a market fire in the Quaye Markaz area of Kabul City, destroyed eighty-six shops and caused 3 billion Afghani in financial damages.  

Shopkeepers affected by the blaze demanded that the Government provide financial support.

Shopkeeper Ehsanullah said, “As you all see I have lost all my business, I demand the Government to provide me some financial supports. “[A] loan” to re-begin my business.”

Sayed Abdul Qadir, the market’s representative said, “Eighty-six shops were burned due to the fire, and [the shopkeepers suffered] about 3 billion Afghani [in damages].”

Meanwhile, the Afghanistan Chamber of Commerce and Industry Spokesman Seiam Pesarlai said, “[A] gas cylinder caused the fire at the whole market, people couldn’t extinguish the fire, [and the] Government should provide the shopkeepers short and long-term loans supports.”

Economy experts insisted on the implementation of an insurance law in the country.

Economy expert Zaiulhaq Zai said, “[The] Government should provide loans for the affected shopkeepers.”

This is not the first market that has caught fire in Kabul within the past several years.

Reported by: Aslam Hejaab

Advertisement

Business

Export volume totals over $140 million in last month of 1402

Published

on

(Last Updated On: April 17, 2024)

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.

Continue Reading

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

on

(Last Updated On: April 15, 2024)

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.

Continue Reading

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

on

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!