Business

Gov’t usurps $ 109 million ACCI properties: Officials

Published

8 years ago

April 18, 2016

(Last Updated On: October 25, 2022)

The Afghan government has grabbed $109 million properties of the Afghanistan Chamber of Commerce and Industry (ACCI), Officials said.

Officials in ACCI said that the government creates obstacles instead of growing investment in the country.

Land grabbing now has become an established practice in the country and those who have power would not hesitate in usurping lands and it might be due to its value. It is a lucrative business now. The grabbed lands defiantly bring millions of dollars to them. Those who are engaged in this business might enjoy immense support from powerful individuals in the government, because common people would not dare to do so.

“We call on government to wake up and use the existed opportunities and provide fields for investments that unemployment reduces in the country,” Azrakhsh Hafezi, head of ACCI’s foreign relation said.

If the government turned a blind eye to the issue, it would not be too far to witness that all public lands are usurped by the land mafia. Immediate action is the need of the hour.

“The Chamber of Commerce now becomes a political business and no one can press government for this action,” Abdul Jabar Safi, head of craftsmen union said.

In the last ten years, land disputes have become a permanent feature of Afghanistan’s landscape and also a primary driver of conflict in the country. Land grabbing has reached its peak in the past 10-year, mainly after the collapse of Taliban regime. Land mafia groups have increased their activities as soon as land value has increasing.

Meanwhile, Afghanistan Investment Support Agency (AISA) announced creating a new plan for supporting investments.

“Afghanistan faces a difficult economic situation and we should work on standardizing productions and investment,” Muhammad Qurban Haqjo, chairman of AISA said.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

19 hours 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.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

3 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

Business

DAB declares online currency exchanges illegal

Published

7 days ago

April 9, 2024

Ariana News

(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.