Business
IEA leader approves law on industrial parks
Azizi asked the United Nations to consider fundamental works and investment in large and incomplete projects in Afghanistan and to solve Afghanistan’s banking problems with the international community.
Acting Minister of Industry and Commerce Nooruddin Azizi on Monday announced that a law pertaining to industrial parks has been ratified by the Islamic Emirate’s supreme leader and the process of distributing land to the private sector will begin soon.
"This is good news for the private sector," Azizi said, speaking at an event in Kabul to discuss the private sector’s challenges and opportunities. “Allah willing, land distribution will start in the future. About 600 applicants want to establish factories in different zones.”
Azizi asked the United Nations to consider fundamental works and investment in large and incomplete projects in Afghanistan and to solve Afghanistan's banking problems with the international community.
He said that humanitarian aid is not the solution to Afghanistan's problems.
“It is not support that we gather here, take pictures and send it to the international community. We have to provide fundamental support,” Azizi said.
Indrika Ratwatte, Deputy Special Representative in the United Nations Assistance Mission in Afghanistan (UNAMA), said that Afghanistan should move towards self-sufficiency and stand on its own feet.
He said that the private sector plays a crucial role in this regard.
The representatives of the private sector also emphasized the importance of investment on large and infrastructure projects by the United Nations in Afghanistan. They asked the United Nations to address the country’s banking problems.
“Our banking problems should be addressed. Regarding money transfers, $100,000 is transferred at a cost of $200 in neighboring countries, but it costs $2,000 in Afghanistan. We also need full cooperation in the area of small loans,” said Yunus Momand, the deputy of the Chamber of Commerce and Investment.
The officials of the Ministry of Industry and Commerce also announced at the event that they have distributed licenses to around 1,000 private companies.
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Business
Shoemaking industry in Takhar province facing stagnation
A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.
According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.
The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.
Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”
Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”
Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.
Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”
A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.
Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”
However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.
Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”
Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.
Business
Daily truck clearances at Torkham drop from 400-500 to 5-10
Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.
SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.
He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.
Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
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