Business

CoCI calls on government to have exact economic plan

Published

9 years ago

January 27, 2015

(Last Updated On: October 25, 2022)

Officials in Chamber of Commerce and Industry (CoCI) said that more than a thousand factories blocked in different parts of the country in the recent years.

Chairman of the international relations of Chamber of Commerce and industry, Azrakhsh Hafezi is said to consider the reason for factories stopped activities the increase of insecurity, lack of electricity and lack of government’s support for the private sector.

Azrakhsh declared that more than three thousand factories are activating in several provinces of the country but nearly 1100 factories deactivated in the recent years.

“The government should have an exact economic plan to ascertain the underlying economic lines.” Hafize noted.

In the meantime, some of Afghan traders have different views regarding the issue.

They said the private sector of the country had a remarkable growth in the recent years but lack of government’s support caused the domestic products collapsed.

Chairman of the Board of entrepreneurs of Afghanistan, Rahmuddin Haji Aqa said, “I confirm the lack electricity in factories, existence of corruption, and lack of government’s support to factories. But I cannot say anything to the figure Azrakhsh Hafize presented.”

However, officials in ministry of commerce is said to consider chamber of commerce findings are Hafize’s personal views.

This comes as President Ghani in his national unity government promised to find solutions for wiping out economic challenges, but four months passed still investors have their problems.

Business

Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

Published

16 hours ago

April 19, 2024

Ariana News

(Last Updated On: April 19, 2024)

The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.

Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”

These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.

To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.

These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.

In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.

Business

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

Published

3 days ago

April 17, 2024

Ariana News

(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.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

4 days ago

April 15, 2024

Ariana News

(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.