Business
Foundation Stone of 6 Production Factories laid in Kabul
President Mohammad Ashraf Ghani who has attended in laying the foundation stone of the six production factories in Kabul city has said that Afghanistan won’t reach to a Independent political stability unless its economic independent stability is met.
He said,” Afghanistan should be changed into big exporter country, and the level of the its export and import should be the same.”
Alkozai group of company has invested $ 300 million in Afghanistan, laying the stone foundation of the second Surubi power dam is the second economy project which its memorandum of understanding was signed between the Government of Alkozai Company.
Further President Ghani went on and said,” We have always defend from our country, the main problem for the Government is the economy issue, I insist that Afghanistan to become an exporter country, we need to maintain the balance of the exporting and importing.”
The six production factories will produce first aid and foods.
Minister of Urban development and housing Sayed Mansour Saadat Nadiri said,” $ 300 million is the biggest investing act in the country, by launching the following factories it will create 2000 jobs opportunities and indirectly thousand others will be benefited.”
Members at Alkozai group of company have stated that efforts are underway to inaugurate the factories by coming 2018 in the country.
Representative of Alkozai Company Khaybarullah Arefi said,” we have invested $300 million over producing of cold drinks, chips, biscuits, Tissue paper.”
During the signing of the memorandum of understanding on investing in the second electricity dam of Surubi Minister of Water and Electricity Ali Ahmad Osmani said,” this is the second biggest economy project launched by the Alkozai Company.
Reported by Ahmad Farshad Saleh
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.
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.
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.
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