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IEA has provided facilities for industrialists and investors: Baradar

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Last Updated on: January 23, 2025

Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar says the Islamic Emirate has provided land, privileges, and facilities for industrialists and returning investors in industrial zones.

Speaking at a conference in Kabul on Thursday titled “Calls for Investment in Afghanistan”, Baradar said that the law for industrial zones had been signed with an introduction, six chapters, 11 sections, and 67 articles.

“I urge industrialists and investors to transfer their industries and investments to the country so that they can fulfill their responsibility in the development of the country’s industry,” said Baradar.

He stated that the IEA has increased customs duties on imported items that are produced domestically and meet the needs of the people, in order to support local production.

Baradar added that all government departments have been instructed to prioritize domestic products in their purchases.

Meanwhile, the acting Minister of Industry and Commerce Nooruddin Azizi also announced at the conference that 160,000 hectares of land has been allocated to industrialists, and 1,200 investors have invested $500 million in various sectors.

Azizi said: “We have around 1,200 companies requesting land, and approximately $500 million is being invested by them in Afghanistan.”

According to him, returning industrialists and traders are exempt from customs duties on machinery and equipment imports, and at their request, two-year visas will be issued for their foreign technical workers and engineers.

The acting Minister of Economy Din Mohammad Hanif also said: “If Afghan investors residing abroad bring half of their investment back to the country, Afghanistan will become self-sufficient.”

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Pakistan’s kinno exports falter as tensions with Afghanistan continue

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Pakistan’s kinno exports remain far below potential as regional tensions, high freight costs and weak government support continue to choke the citrus trade.

Despite being a leading global citrus producer, Pakistan is expected to export just 400,000–450,000 tonnes of kinno in the 2025–26 season, compared with an estimated capacity of 700,000–800,000 tonnes.

Exports in 2024–25 stood at around 350,000–400,000 tonnes, mainly to Russia, the UAE, Saudi Arabia, Afghanistan, Indonesia and Central Asia. While better fruit quality this season has raised hopes, persistent crossing disruptions—especially with Afghanistan—and transport bottlenecks have offset gains.

Growers say prices have collapsed sharply, forcing panic sales. Rates for large kinno have fallen from over Rs120 per kg early in the season to as low as Rs75, while smaller fruit is selling for Rs35–40 per kg amid weak demand.

Industry leaders warn the crisis is crippling processing units and jobs. More than 100 factories reportedly failed to open this season, with dozens more shutting down as exports stall. Cold storages in Sargodha are nearly full, putting fruit worth millions of dollars at risk of spoilage, while growers fear losses of up to Rs10 billion.

Exporters are urging the government to urgently resolve issues, subsidise logistics, and help access alternative markets, warning that prolonged inaction could devastate farmers, workers and the wider economy.

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Pezeshkian pledges to facilitate Iran-Afghanistan trade

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Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.

He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.

Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.

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Afghanistan-Kazakhstan banking ties discussed in Kabul meeting

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A Kazakh delegation led by the Deputy Minister of Finance of Kazakhstan met with Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, to discuss ways of strengthening banking and economic cooperation between the two countries.

According to a statement issued by Da Afghanistan Bank, Khalid said the central bank is keen to establish regular and effective banking relations with Kazakhstan as part of broader efforts to expand bilateral trade.

He noted that enhanced banking cooperation would help facilitate trade, investment, and wider economic interaction between Afghanistan and Kazakhstan, while also contributing to financial stability at the regional level.

Members of the Kazakh delegation also emphasized the importance of developing banking and economic ties and expressed their readiness to expand joint cooperation.

The two sides further agreed to establish technical committees from both countries to hold expert-level discussions and advance practical steps for cooperation.

 
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