Business – Ariana News Bringing Afghan News to the World Tue, 17 Sep 2019 15:03:24 +0000 en-US hourly 1 Kabul Electricity To Be Restored Tomorrow Night: DABS Tue, 17 Sep 2019 15:03:24 +0000 The Kabul electricity will be reconnect tomorrow, Da Afghanistan Breshna Sherkat (DABS) – the national power utility company – said in a statement on Tuesday.

According to the statement, the staff of the power company will be allowed to repair the damaged transmission towers and electricity pylons on Wednesday morning.

Electric power imported from Uzbekistan was cut in 11 provinces including the capital Kabul this week after Taliban militants destroyed four power pylons in Baghlan and Kunduz provinces.

In 2016, insurgents destroyed an electricity pylon in Dand-i-Shahabuddin area of Baghlan province and left Kabul in blackout for more than a month.

Fighting in Baghlan Disrupts Kabul’s Power Supply Sat, 14 Sep 2019 12:01:41 +0000 The main power transmission line to Kabul was cut on Saturday due to fighting in Baghlan province, Da Afghanistan Breshna Sherkat said in a statement.

According to the statement, a major electricity pylon in Dand-e-Shahabuddin was cut today afternoon and left Kabul in dark.

A technical team has been deployed to the area to repair the damaged pylon, the statement added.

Taliban militants have launched widespread attacks over Pol-e-Khomri City of Baghlan since two weeks.

In 2016, Taliban militants destroyed an electricity pylon in Dand-i-Shahabuddin area of Baghlan province and left Kabul in blackout for more than a month.

Afghanistan’s First Shipment through Hairatan Arrives in China Wed, 11 Sep 2019 15:00:54 +0000 The first shipment of Afghanistan exported goods has arrived in China, Afghan officials said on Wednesday.

Afghanistan exported 1100 tons of talc to China last week from Mazar-e-Sharif through the Hairatan railroad.

The Afghan goods crossed Uzbekistan and Kazakhstan in 41 wagons.

Earlier Afghanistan exported pine nuts worth $15 million to China through air corridors.

Speaking at an event on this occasion in Kabul, President Ashraf Ghani said that Afghanistan should set a target of four-years to balance the level of imported and exported goods.

President Ghani called on all neighboring countries to close their gates for the smuggling of talc and other precious stones because Afghanistan understands the value of its products.

He also warned Afghan government institutions of consequences if they don’t pay serious attention to the internal products.

At the same event, Afghan Transport Minister Yama Yari said that it has provided facilities for the private sector to export their goods to China.

“Earlier, It took 45 days for Afghan traders to export their goods from Afghanistan to China but now it takes only 8 days,” Mr. Yari said.

Meanwhile, officials in the Afghanistan Chamber of Commerce and Investment (ACCI) estimated that Afghanistan-China annual trade volume reaches to more than one billion US dollar.

Afghanistan Exports 20 Tons of Grapes to India via Chabahar Wed, 04 Sep 2019 13:41:13 +0000 For the first time, the Afghan Ministry of Commerce and Industries exported 20 tons of grapes to India’s markets through Iran’s Chabahar Port, officials said on Wednesday.

According to the Ministry of Commerce and Industries, Afghanistan has sent a total of 700 tons of goods to India through Chabahar.

The exported goods include legume, precious stones, and dry fruits.

Sameer Rasa, Spokesman for the Afghan Ministry of Commerce has told that the export of fresh fruits was challenging because fruits can get spoiled quickly; however, the first attempt was successful.

Mr. Rasa added that Afghanistan will soon begin exports of Kandahar pomegranate and Maidan Wardak apple via Chabahar to India’s markets.

Afghan officials believe that the increase of business through Chabahar will pave the way for positive business competitions in the region. In addition, the Afghan goods have reached India’s markets at a low cost via Chabahar Port.

Two days ago, Pakistan announced that the Torkham border crossing, the busiest port of entry between Afghanistan and Pakistan, will remain operational round-the-clock on a trial basis from Monday, 02 September.

The Chabahar Port was inaugurated late in 2017. The port provides a key supply route for Afghanistan and allows India to bypass rival Pakistan to trade with Central Asia.

Torkham Border Crossing to Remain Operational Round-the-Clock Mon, 02 Sep 2019 13:56:35 +0000 The Torkham border crossing between Afghanistan and Pakistan will remain operational round-the-clock on a trial basis from Monday, Pakistani officials announced on Sunday.

Torkham is one of the busiest ports of entry between Kabul and Islamabad and serves as a major transportation and shipping site.

According to Pakistani officials, the border crossing will be operational 24/7 for two to three weeks before Pakistan Prime Minister Imran Khan formally inaugurate it.

Afghan officials welcomed the move by Pakistan, saying Afghanistan want to have close business relations with all of its neighboring countries.

“Pakistan is an important business partner for Afghanistan. We want to have better relations in order to pave facilities for our traders,” Sameer Rasa, Spokesman for the Afghan Ministry of Commerce and Industries told Ariana News.

“We hope the Afghan government pressure Pakistan to facilitate the exporting of Afghan goods to Pakistan or to other countries through Pakistan,” said Sakhi Ahmad Payman, Deputy of Afghanistan Chamber of Industries and Mines.

“I welcome the move by Pakistan because the 24/7 operation will be in the benefit of Afghanistan and Pakistan and it will increase the level of import and export between the two countries,” said Jan Aqa Nawid, a Spokesman for Afghanistan Chamber of Commerce and Investment.

This comes after bilateral trade volume between Afghanistan and Pakistan reached its lowest level due to trade barriers at Torkham border crossing.

Meanwhile, Afghanistan launched its National Air Corridor Program to several countries including India, Turkey, Saudi Arabia, European Union, Kazakhstan, China, and UAE in order to grow its economy, create employment opportunities, and decrease its independence to its neighboring countries.

Indo-Pakistani Tensions May Hurt Afghanistan Trade with Two Countries: Experts Wed, 28 Aug 2019 14:14:51 +0000 Pakistan’s Minister for Science and Technology Fawad Chaudhry said on Tuesday that Imran Khan is considering to close Pakistan’s airspace to India and its land routes from India to Afghanistan.

However, the spokesman for the Afghan Ministry of Transport and Civil Aviation, Mahmady Rouhani told ArianaNews that they have come up with alternative routes to continue Indo-Afghan trade and the restrictions would also hurt the Pakistani side.

“We are not afraid if Pakistan imposes trade restrictions on India since we are not dependent only on one country for our business,” Rouhani added.

Meanwhile, Indian Foreign minister Subramanyam Jaishankar said on Tuesday that India is trying to have normal trade but “Pakistan won’t allow connectivity from India to Afghanistan and from Afghanistan to India.

Experts believe that if Pakistan imposes a restriction on the trade from India to Afghanistan, the Afghan government should retaliate against trade with Pakistan.

MOCI Asks Private Sector to Balance It’s Exports With International Standards Sat, 03 Aug 2019 14:47:42 +0000 The Ministry of Industry and Commerce (MOCI) says that the exports with the value of 170 million dollars have taken place to different countries of the world through air corridors. 

According to the officials, the exports include various items including the medical plants, fresh fruits, and carpets which have been exported in 700 flights.

MOCI asks the private sector to balance its exports with international standards.

“We try to promote the level of our exports. Currently, we have exports to India and the countries in eastern and central Asia,” said Sameer Rasa, the Spokesperson to MOCI.

Meanwhile, the economic experts describe activities of the air corridors beneficial to the country; however, they say that the government should make more efforts to equalize the country’s exports to the international standard in order to have the ability to compete in the world market.

“The air corridors are much important in the export of the fresh fruits since there are no facilities for keeping the fresh fruits and we can export them through this way in a short time,” said Abdullah Darmna, an economic expert.

This comes as the experts say that the government should only use the air corridors for exporting not importing.

MRRD Holds Women’s Rural Industries Exhibition in Kabul Wed, 31 Jul 2019 11:51:20 +0000 The Women’s Rural Industries Exhibition inaugurated by the officials of the Ministry of Rural Rehabilitation and Development in Kabul on Wednesday.

Held in ‘Chehl Soton Garden” of Kabul, the women from 34 provinces of the country are showcasing their rural products to the visitors.

They say that organizing such exhibitions can be efficient in marketing for women.

“This [exhibition] is a chance for us especially this is quite important in marketing for us,” said Zainab, an artisan.

“We are glad to be here but this cannot solve all of our problems,” said Hafiza, an artisan.

Meanwhile, Mujiburrahman Karimi, the Minister of Rural Rehabilitation and Development, says that the exhibition is effectual for the businesswomen and small startups.

According to him, the job opportunity will be provided for 800,000 women in the next five years.  

The rural industries’ development program, supported by the World Bank, is being by the Ministry of Rural Rehabilitation and Development in several villages since ten years. 

Pakistan’s Airspace Opened For Afghan Flights Tue, 16 Jul 2019 14:22:47 +0000 Pakistan opened its airspace for all civilian traffic including the Afghan flights after over four months of closure on Tuesday.

The Ministry of Transport says that though alternative ways were used for the flights from Afghanistan to India, Afghanistan lost 27 million dollars due to the closure of Pakistan’s airspace.

“We lost more than 27 million dollars. We are trying to have alternative ways in addition to Pakistan’s airspace,” said Mahdi Rohani, the Spokesperson of Transport Ministry.

Meanwhile, the Afghanistan Chamber of Commerce and Investment (ACCI) welcomes the opening of Pakistan’s airspace and says that it will increase the export of Afghan fruits through this way.

“We hope the decision of Pakistan to be permanent otherwise it would not be helpful to the private sector,” said Shafiqullah Attayi, the Deputy of the ACCI.

At the same time, the economic experts stress that the opening of Pakistan’s airspace to Afghanistan benefits both countries.

They believe that good relations between the two countries can result in the region’s economic growth.

Though Pakistan’s airspace has opened, the flight tickets’ price has not changed yet.

However, the officials of private companies say that the price of flight tickets will reduce and the number of passengers will increase after the 18th of July.

RECCA Ambassadorial Coordination Meeting Held in Kabul Wed, 10 Jul 2019 16:58:19 +0000 The Second RECCA Ambassadorial Coordination Meeting in 2019 and the Inauguration Ceremony of the RECCA Chamber of Commerce and Industries (RCCI) was held on Wednesday at the Afghan Ministry of Foreign Affairs in Kabul.

High-level officials from the Afghan government and heads of the diplomatic mission in Kabul participated at the event.

Speaking at the opening ceremony of the event, the Afghan Deputy Foreign Minister for Political Affairs Idrees Zaman emphasized that regional cooperation is needed for economic growth.

He also spoke about the link between peace, development, and connectivity and provided an overview of the regional cooperation efforts and progress made recently under RECCA.

Mr. Zaman highlighted the important role of RCCI in trade expansion and investment promotion in the wider RECCA region.

On his turn, the Yadgarkhoja Shadmanov, the Ambassador of Uzbekistan to Afghanistan said that his country is interested to expand its economic relation with Afghanistan and Uzbekistan will open a huge exhibition in Afghanistan in the near future.

At the same event, Muqadasa Yourish, Deputy Minister of Industry and Commerce said that we want to have economic growth at the region and in order to reach to this goal we will pave the ground for the private sector and will increase our relations with the regional countries.

Atiqullah Nusrat, CEO of Afghanistan Chamber of Commerce and Investment called on the member states of RECCA to provide the opportunity for the private sector to implement the projects.

Finance Ministry Reports 14% Revenue Increase in 2019 Tue, 09 Jul 2019 13:44:29 +0000 Afghan government institutions have spent more than 40 percent of their development budget during the last six months of the fiscal year.

Shamroz Khan, Spokesman of the Ministry of Finance on Tuesday said at a press conference that there is a five percent increase compared to the previous year in the usage of the development budget.

He added that there are some governmental institutions such as the ministry of education that have spend less amount from their budget.

According to the Finance Ministry, there is a 14 percent increase in the national revenues compared to the previous year due to the anti-corruption efforts undertaken by the government.

However, critics doubt regarding the remarks made by the Finance Ministry’s spokesman.

“It is interesting. They are spending the budget but poverty is also increasing,” said Ghulam Farooq Majroh, a lawmaker from western Herat province.

Renovation of Darul Aman Palace Almost Complete Mon, 08 Jul 2019 14:07:50 +0000 The reconstruction of Darul Aman Palace has completed 90 percent and will be ready to host the celebration of Afghanistan’s Independence Day in another two months.

Darul Aman Palace was built during the era of King Amanullah Khan who ruled Afghanistan from 1919 to 1929.

Engineers say they have used materials produced in Afghanistan to rebuild this historical palace including marble from Herat province and wood from Kunar province.

Nearly 1,000 Afghans are employed by the project to rebuild the Darulaman and Tajbeg, the two historical palaces which were severely damaged during the civil war in Afghanistan.

“There was no foreigner advisor, engineers or labors in the project rather it was an Afghani movement,” said Abdul Rahman Atash, a government official who is overseeing the reconstruction of the project.

Officials said that the reconstruction of Darul Aman Palace cost nearly $10 million, two percent less than the amount which was predicted by foreign companies.

“The work of the [Darulaman] palace structure is completed hundred percent. I can say our project is completed 90 percent,” said Javid Huma, an Afghan engineer working at the palace.

Tajbeg Palace is a palace built in the 1920s  to house the Afghan royal family and is located near the Darul Aman Palace.

Abdul Manan Mukhlis, another Afghan engineer working at the Tajbeg Palace said that the reconstruction of the palace is completed 80 percent and they are trying to complete it before the celebration of Afghanistan’s Independence this year.

President Ashraf Ghani inaugurated the reconstruction project of Darul Aman Palace in 2016 and said it was one of the main demands of Afghans to see the palace renovated.

The Afghan government is planning to use the palace as a museum upon completion.

By Hesamuddin Hesam

Huge Fire Breaks Out At Oil Depot In Mazar-e-Sharif City Wed, 03 Jul 2019 10:09:21 +0000 A huge fire broke out at a fuel storage tank in Mazar-e-Sharif City on Wednesday noon.

The fire broke out at around 12 pm today in Taimorian fuel storage tank.

Immediately there was no report of casualty.

The cause of the fire is yet to be ascertained.

The firefighters were trying to bring the fire under control.

Officials have not made a comment about the report yet.

Ghani Inaugurates Several Projects During Kandahar Visit Wed, 03 Jul 2019 09:53:09 +0000 At the head of a high-ranking delegation, President Ashraf Ghani on Wednesday traveled to the Kandahar province in the south.

Following his arrival to the province, President Ghani officially renamed Kandahar Airport after Ahmad Shah Baba.

He also inaugurated the newly-constructed Kandahar Airport Road and named it after later General Abdul Raziq who was assassinated by a Taliban infiltrator last year.

According to the presidential palace, the road has been built at a cost of 2.8 billion Afghanis which is funded by the government.

In addition, Ghani inaugurated Kandahar second phase of the solar power plant and put it into operation.

The plant has been built at a cost of $39 million and has the capacity to generate 30MW of power.

Besides inaugurating the public welfare projects, President Ghani is set to meet with elders, Ulama, youth, and women of Kandahar.

Businessmen Lose Millions of Afghanis In Kabul Bombing Tue, 02 Jul 2019 12:39:50 +0000 Afghan businessmen and shopkeepers have lost millions of Afghanis as a result of the Taliban’s complex attack in Kabul City yesterday.

The attack claimed by the Taliban left more than a hundred people killed and injured.

Khan Jan Alokozai, Deputy of Afghanistan’s Chamber of Commerce and Investment on Tuesday said that the attack has destroyed a lot of nearby shops in the capital of the country.

He added that insecurities and such attacks discourage Afghan investors to invest in the country.

“Unfortunately, the investors are escaping from Afghanistan every day and the investment is decreasing day by day,” Alokozai said.

The shopkeepers and entrepreneurs who have lost everything in the attack say they are disappointed and will not invest anymore.

“$800,000 was invested in the [National Olympic Committee] but it is totally damaged,” said Qasim Ali Hamidi, the Admin, and Finance Assistant of the General Directorate of Physical Education and Sports.

“Each shopkeeper lost his materials. This is not a city to stay in,” said a shopkeeper.

Uzbekistan Vows to Discount $45M for Power Transmission Project in Afghanistan Mon, 01 Jul 2019 14:12:04 +0000 The Prime Minister of Uzbekistan has promised to provide a discount of $45 million for a power transmission project in Afghanistan, the Office of Chief Executive said in a statement.

Afghanistan’s Chief Executive Abdullah Abdullah on Monday met with the Prime Minister of Uzbekistan Abdulla Aripov in the northern province of Balkh where they inaugurated an exhibition of Uzbekistani products.

At the event, Abdullah thanked his Uzbek counterpart for their interest in trade and investment in Afghanistan.

He said the two countries had signed agreements and memorandum of understandings and now it is the time to cooperate and take practical steps in implementing them.

Abdullah further said that the trade volume between the two countries is good but added that the capacities are available for a high volume of trade.

He hoped that the two countries further enhance their economic cooperation.

“The government of Afghanistan is expecting to balance the level of import and export between the two countries. We are committed to creating more opportunities for Uzbek investors and we are expecting Uzbekistan to pave the ground for our investors as well,” Abdullah said.

On his turn, the Uzbek Prime Minister said that his country is interested to increase the economic relations between the two countries.

Aripov said that Uzbekistan is ready to facilitate and closely cooperate with Afghanistan in different sectors, including agriculture, trade, electricity, railway, and gas.

The Uzbek official added that the transmission of power line from Sarkhan area in Uzbekistan to Pul-e-Khomri city in Afghanistan which is almost 200 kilometers in length and it costs $110 million but his country is ready to provide a discount of $45 million for Afghanistan.

Asphalting of Kabul-Maidan Wardak Road Begins Sun, 30 Jun 2019 13:50:10 +0000 The Afghan minister of transportation on Sunday inaugurated the asphalting project of the second line of the Kabul-Maidan Wardak road.

The project costs more than 1.5 billion Afghanis and it will connect Kabul to central, southern, and southwestern parts of the country.

According to the officials, the length of the road is 24 kilometers and the project will be completed in three years.

Yama Yari, the minister of transportation said that the construction of Company bridge is a part of the project.

Meanwhile, drivers and residents of Company area criticize the government for its failure to take practical steps for the reconstruction of the Company bridge.

“The transportation minister vows to rebuild the bridge but they haven’t taken any action during the last two and a half months. I’m tired of my profession,” said Khan Mohammad, a driver.

The drivers union of southern provinces warns that they will go on strike if the government fails to resolve their problems as soon as possible.

Kabul – Sharjah Air Corridor Inaugurated Mon, 24 Jun 2019 09:55:47 +0000 The Officials inaugurated Kabul – Sharjah air corridor on Monday, Afghan officials said.

According to the Afghan Ministry of Industry and Commerce, the first flight carried two tons of fresh apricots to the Sharjah City of the United Arab Emirates.

The announcement was made today by Ajmal Ahmadi, the Afghan minister of industry and commerce and economic advisor to President Ashraf Ghani.

Afghanistan launched its National Air Corridor Program to grow its economy and create employment opportunities.

In 2017, the Afghan government launched the “Afghanistan-India Air Corridor” to facilitate trade between Kabul and New Delhi via air freight.

Following that the Afghan government expanded it to several other countries including Turkey, Saudi Arabia, European Union, Kazakhstan, China, and UAE.

2,000 Tons of Afghan Watermelon to be Exported to Azerbaijan Fri, 21 Jun 2019 14:55:42 +0000 The officials of Afghanistan Chamber of Commerce and Investment (ACCI) reported that dozen tons of Afghan watermelon will be exported to Azerbaijan.

In the first stage, almost 2,000 tons of Afghan watermelon will be exported to Azerbaijan, they add.

This comes as due to the lack of market in the western provinces of the country the price for each Kilogram of watermelon reduced unprecedentedly to one Afghanis.

“Dozens of the Afghan watermelon will be exported to Azerbaijan to solve the farmers’ current problem.

 Meanwhile, the Ministry of Agriculture reported that the harvests of fresh fruits have increased this year through which the farmers can earn more money.

“Although the harvests have increased, the prices are good in the markets which can influence the farmer’s living condition,” said Akbar Rostami, the Spokesperson for the Ministry of Agriculture.

At the same time, some of the lawmakers criticize the government for the absence of capacity regarding agriculture.

“The government should buy the farmers’ products with a sufficient price and keep them in the fridges until exporting them to the foreign countries. This way the farmers will not lose their profits,” said Habiba Danish, an Afghan MP.

Economic experts say that the government should do marketing for the country’s dry and fresh fruits in the region and in the world.

IWA Calls for Investigation of Ex-governor of Afghanistan’s Central Bank Mon, 17 Jun 2019 15:00:16 +0000 A Kabul-based non-governmental organization on Monday called on the judicial organs to investigate from the governor of Afghanistan’s central bank who will step down in a month.

According to Integrity Watch Afghanistan, Khalil Sediq, the governor of central bank is supposed to report his achievements or failures before departing to the United State where he will live with his family.

“All those individuals who have failed to perform their responsibilities must be investigated based on the law,” said Sayyed Ikram Afzali, the Head of Integrity Watch Afghanistan.

The report of Mr. Sediq’s resignation emerged late on Sunday. Apparently, President Ashraf Ghani has accepted his resignation.

This comes as, during Mr. Sediq’s tenure, the Afghani currency depreciated as much as 43% against U.S. dollar.

At the same time, Saleem Toofan, an economic expert, blamed Mr. Sediq for carelessness toward the depreciation of the Afghani currency, claiming that he was rude toward private banks in Afghanistan.

Officials in the central bank of Afghanistan denied making a comment in this regard.