Business
Huge Loss to occur if India hands off Hajigag Mine Excavation
Officials in Ministry of commerce and industry of Afghanistan have expressed their deep concerns over India not excavating of Hajigag mine, saying by beginning of the excavation hundreds of Afghanistan will find jobs the economy of the country will boost, if the following indeed has been cancelled by the Indian Governmental officials we will face huge loss on mining section.
Ministry of commerce and industry spokesperson Musafir Qoqandi said,” if this is a true I m so worried about it because the following project has been counted as one of the vital projects of India within the country, excavation of the Hajigag mine would boost the economy as well as create hundreds jobs opportunities for Afghans.”
The cancelation of the Hajigag mine excavation is believed to be carried out due to signing of the Memorandum of Understanding over security and intelligence information in between NDS Kabul and ISI Pakistan.
India has been counted as the biggest supporters of Afghanistan after the United States of America in building Afghanistan; the following country has supported Afghanistan billions of dollars in the past several years.
India media has published reports indicating that India has taken this action after Kabul and Islamabad has signed a MoU on sharing intelligence, though it has not been officially claimed by the Indian Government, but Kabul experts on economy affairs said,” this would a big pound on Afghanistan’s economy, business.”
Former Economy Minister Mohammad Amin Farhang said,” beside of the project it will have some more Complementarities aside of it, the following project would cover biggest investments of India into Afghanistan, there is big concern ahead us is that India to stop all its economic and trading projects in Afghanistan.”
Meanwhile MoI spokesperson Sediq Sediqee said,” we have no security issues within our mining projects across the country,we have special security forces to ensure security for National and International excavators to do mining in Afghanistan,earlier its was said that India trying to stop its project on Hajigag mining due to insecurity a claim which was rejected by the MoI officials.”
Though Afghan officials do not think the Memorandum of Understanding on security issues with Pakistan has not been finalized, there are rumors more interest underway to sign the following MoU with Pakistan ,let’s see how Afghanistan keep its Foreign Police balance towards each neighboring countries.
Reported By Farahnaz Frotan
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
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.
Business
Export volume totals over $140 million in last month of 1402
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.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
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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