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Kabul trade fair wraps up with 50 million AFN in sales sealed

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The week-long Imam Abu Hanifa expo has wrapped up in Kabul after business owners sealed 50 million afghanis worth of sales and an additional $45 million in commercial agreements.

The Chamber of Commerce and Investment said on Sunday however that they would like to see fundamental changes brought to the tax system.

"About 50 million afghanis have been traded, and about 500 memorandums of understanding have been signed between Afghan and foreign businessmen, which are worth $45 million,” said Khairuddin Mayel, the Vice Chair of the Afghan Chamber of Commerce and Investment (ACCI).

"We want fundamental changes to be made in the tax system so that we can provide the people with the best possible job opportunities,” said Mohammad Yunus Mohmand, deputy head of ACCI.

The Islamic Emirate of Afghanistan (IEA) took the opportunity at the expo to call on national and international businessmen to invest using the facilities created in Afghanistan, and said the IEA gives them their full support.

The ministry of commerce and industry meanwhile says it is trying to hold more trade fairs in order to boost domestic products both locally and abroad.

The acting minister of commerce and industry has said an expo will be held in Kazakhstan in the near future, where 70 booths will be dedicated to Afghan products.

"We hope that the expo we are having next week in Kazakhstan will be as successful as this exhibition and more than this, and in that exhibition 70 booths have been allocated for our entrepreneurs for free,” said Nooruddin Azizi, acting minister of commerce and industry.

The national and international exhibition of Imam Abu Hanifah was held in the capital Kabul for seven days, where domestic products were displayed in 600 booths, of which 120 booths were dedicated to women.

Along with domestic companies, foreign companies from Iran, Turkey, Turkmenistan, Pakistan and other countries also exhibited their products.

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Shoemaking industry in Takhar province facing stagnation

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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.

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Daily truck clearances at Torkham drop from 400-500 to 5-10

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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.

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Turkish scholars, charity officials assess investment prospects in Afghanistan

Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan

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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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