Business
Kabul Expo attracts over 600 investors from region including Pakistan
More than 600 investors and businessmen from Pakistan, Iran and Turkmenistan are participating in the “2nd Imam Abu Hanifa International Expo and Trade Fair” being held in Kabul.
The expo organized by the Afghanistan Chamber of Commerce and Industries (ACCI) from July 16-22, where large number of women traders and industrialists participated in the expo along with their products.
Meanwhile, the Trade development Authority of Pakistan and over 25 renowned Pakistani industrialists, also parted in the expo.
“Pakistani, Turkish, and Turkmen attaché participated in the B2B conference organized by the ACCI, listens to the presentations presented by the different governmental organizations, and show their interest to invest in Afghanistan,” ACCI tweeted.
The expo would not only help promote the local products of Afghan businessmen but also enhance their linkages with the regional partners.
The Expo is part of the efforts of the Pakistan-Afghanistan Joint Chamber of Commerce aimed at purely promoting bilateral trade relations, regardless of political interests.
Motiwala stated that Pakistan is also playing all possible facilitation for Afghanistan’s smooth global trade through the transit facility provided by Pakistan.
He said that Pakistan has granted massive tariff concessions on all Afghan fruits and vegetables exports to Pakistan.
Imam Abu Hanifa 2nd National and International Expo and Trade Fair, which kicked off from July 16 will be continued to July 22 at the International Exhibition Center of Afghanistan.
The purpose of this exhibition is to promote Afghanistan’s local products, familiarize Afghan traders and manufacturers with new products of other countries, create new opportunities for export, import and joint ventures, and expand trade relations between Afghan and international traders.
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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