Business
Foreign ministry says CPEC project will help boost economy
Hafiz Zia Ahmad Takal, the spokesman of the Ministry of Foreign Affairs of the Islamic Emirate, says that by connecting to the China-Pakistan Economic Corridor (CPEC), Afghanistan will be able to connect to the countries of the region and Europe and continue to attract investment.
Takal said that with the advent of security in the country, it is now necessary to implement large projects, including projects such as CPEC.
China-Pakistan Economic Corridor is a framework of regional connectivity.
CPEC will not only benefit China and Pakistan but will have a positive impact on Iran, Afghanistan, Central Asian Republic, and the region.
"Afghanistan will play a key role in connecting the countries of the region. Considering the geographical location of Afghanistan, it is a very important point, especially for Asian countries, which can be used in the connection and transit of the region,” Takal said.
"Islamic Emirate of Afghanistan has provided investment grounds for the international community and regional countries to invest in Afghanistan and implement their projects,” he said.
This comes after the recent tripartite meeting of the Foreign Ministers of the Islamic Emirate, China and Pakistan in Islamabad, where it was announced that Afghanistan would be included in this key project.
In a statement issued after the meeting, the group noted the importance of continuing economic cooperation with Afghanistan and the implementation of TAPI, CASA-1,000 and railway projects. Pakistan's Foreign Minister Bilawal Bhutto Zardari and China's Foreign Minister Qin Gang stated that the purpose of Afghanistan's inclusion in CPEC is to continue economic cooperation with Afghanistan.
The Islamic Emirate of Afghanistan has said that being included in this project would be highly beneficial to Afghanistan as it would allow for improved import of goods and for export of domestic products.
The China-Pakistan Economic Corridor (CPEC) is part of China's initiative called "One Belt One Road", which China is hoping will connect regional countries and boost trade.
Business
Shoemaking industry in Takhar province facing stagnation
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.
Business
Daily truck clearances at Torkham drop from 400-500 to 5-10
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.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
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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