Business
History in the making as 18 tons of pine nuts to be shipped overland to Italy
The Ministry of Industry and Trade said Thursday that a local company was preparing to export 18 tons of pine nuts to Italy overland.
According to ministry officials, the private company meets international standards and will dispatch its consignment within the next few days.
Officials also said in the first three months of this year, $19 million worth of pine nuts was exported and that there is a growing demand for the local produce.
It is estimated that Afghanistan harvests around 30,000 tons of pine nuts every year.
However, this Italian-bound consignment will for the first time be shipped overland via Turkey.
"This is a new export by land, which will be exported from Afghanistan to Turkey first, and then to Italy, and now we have the capacity to prepare our products according to the standards of European markets,” said Abdulsalam Akhundzada Jawad, the spokesman of the Ministry of Industry and Trade.
In the past, pine nut distributors have complained about the export process as the produce was first sent to Pakistan and from there sold on to international buyers.
The Chamber of Industries and Mines says that 30,000 tons of pine nut oil is produced annually in the country and is exported to China, Saudi Arabia, United Arab Emirates, India and Pakistan by air and land.
"We consider it important to export Afghan black pine nuts to Italy, and since there is a high export capacity in Afghanistan, the Ministry of Industry and Trade should provide the conditions for export,” said Mohammad Karim Azimi, executive director of the Kabul Chamber of Industries and Mines.
Economic experts say that if the Ministry of Industry and Trade solves the transit problems faced by exporters, Afghanistan will be able to substantially increase sales of dry and fresh fruits to international markets.
"Exporting black pine nuts to European markets is very important. Besides black pine nuts, we have other very important trade and export items in the country, which should be provided for export, which is considered very important for the Afghan economy,” said Taj Mohammad Tala, an economic analyst.
Following the collapse of the former government, air cargo corridors used for exporting fresh produce were stopped. However, business owners are hopeful that newly launched overland trade corridors will now fill the gap and open up even wider markets.
Business
Mullah Baradar inaugurates a blanket factory in Kabul
About 930 million Afghanis have been invested in the factory and it currently has the capacity to produce 1000 blankets per day.
Mullah Abdul Ghani Baradar, the economic deputy prime minister, on Sunday inaugurated a blanket factory in Pul-e-Charkhi industrial area in Kabul city.
Speaking at the inauguration ceremony, Baradar said that with the provision of overall security in the country and the reduction of corruption, a favorable environment for medium and small investments has been created.
He added that the Islamic Emirate continues to support domestic industries by implementing effective import substitution policies, which plays an important role in strengthening the country's national economy.
Baradar stated that in order to support domestic industries, heavy-duty machines worth 100 million afghanis ($1.4 million) were purchased for the newly established blanket factory based on the Islamic Murabaha Islamic financing structure.
Murabaha is a sales contract where the buyer and seller agree on the markup or "cost-plus" price for the item being sold.
Baradar also mentioned that the Islamic Emirate seeks to reduce dependence on foreign imports by increasing the level of investment.
He called businessmen and investors to invest inside Afghanistan for the economic growth of the country.
According to Baradar’s office, the newly established blanket factory uses domestically sourced raw materials including wool and cotton, which will help increase job opportunities in addition to strengthening the livestock and agriculture sector.
About 930 million afghanis has been invested in the factory and it currently has the capacity to produce 1,000 blankets per day.
The factory has employed about 900 people.
Business
Trade volume between Kabul-Tehran has reached over $1.8 billion: MoIC
Afghanistan News: Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to $1.3 billion
Ministry of Industry and Commerce (MoIC) says the trade volume between Afghanistan and Iran has reached more than $1.8 billion over the past seven months of 1403 [solar year].
The ministry's spokesman Abdulsalam Jawad Akhundzada said these trades include oil and non-oil goods.
According to Jawad Akhundzada, trade and transit with Iran is expanding.
“Afghanistan's trade with Iran during the seven months of 1403 was worth $1 billion 827 million dollars, of which 30 million dollars were exports and $1 billion 797 million dollars were imports,” said Akhundzada.
“Most of the major export goods are mineral stones, raisins, all kinds of soft drinks and sesame seeds, and the main import items are diesel fuel, petrol, raw materials for manufacturing, liquid gas and cement,” he added.
Meanwhile, Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to 1.3 billion dollars.
Tehran Times newspaper quoted the Iranian customs officials and reported that Afghanistan was Iran's fifth largest importer of non-oil products in the last seven months.
Business
Afghanistan-India trade volume totals $650 million so far this year
Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.
In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.
He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.
According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.
Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.
The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.
Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.
According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.
The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.
JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.
He also promised to increase Indian visa facilities for Afghans.
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