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Food and oil prices fall in Afghanistan: IEA

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The officials of the Islamic Emirate of Afghanistan (IEA) have recently said that the price of food items and oil has decreased by 30 percent in the country.

Mohammad Yunus Mohmand, deputy head of Afghanistan Chamber of Commerce and Investment (ACCI) has said that over the past month, the price of food items and oil have decreased by 30 percent, and in the near future the prices will decrease even more.

“The prices have decreased by 20 to 30 percent and will decline further,” said Mohmand.

Akhundzada Abdul Salam Jawad, a spokesman for the Ministry of Trade and Industry, also said that the ministry has taken more measures to control prices, but they want to import enough food and non-food items into the country.

“We assure the people that before the arrival of this winter season, we have plans to reduce the basic needs, and all commodities and raw materials, Inshallah will have a significant reduction,” said Salam Jawad.

At the same time, the officials of ACCI have further said that the decrease in food prices in the world has had a positive effect on food prices in Afghanistan.

However, the high level of poverty has caused the country's residents to not be able to buy the materials they need, therefore, they call on the government to pay serious attention to the price of raw materials so that the rates do not rise again.

“Until yesterday, a can of oil was 1900 afghanis, today it has reached 1700 afghanis,” said a shopkeeper.

On the other hand, the price of oil products has also declined, and a number of sellers express hope that the price of oil and gas will decrease further.

“Previously, the price of diesel per liter was 100 afghanis, now it is 97 afghanis. Gasoline was 80 afghanis, now it is 78 afghanis,” said an oil seller.

This reduction in price of food items and oil come while recently the Ministry of Industry and Trade has signed a contract with Russia for the purchase of millions of tons of food and petroleum products, which according to experts, the prices will drop significantly when these products are imported.

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Shoemaking industry in Takhar province facing stagnation

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A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.

According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.

The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.

Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”

Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”

Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.

Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”

A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.

Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”

However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.

Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”

Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.

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Daily truck clearances at Torkham drop from 400-500 to 5-10

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Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.

SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.

He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.

Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.

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Turkish scholars, charity officials assess investment prospects in Afghanistan

Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan

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Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.

According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.

He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.

In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.

 

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