Business
Kabul working with UAE to digitize customs ports
Afghanistan has sought the UAE’s help to digitize its logistics infrastructure in order to facilitate regional trade in its push to become a bridge between South and Central Asia and the Gulf.
According to Emirates News Agency (WAM), Afghan Ambassador to the UAE Javid Ahmad said in an interview Afghanistan has a “planned large-scale programme on digitalisation with the UAE, which would involve digitalisation of our trade and logistics infrastructure."
He said Afghanistan is in talks with a UAE firm to look into the schematics of the country’s dry ports and customs ports to see how they can mainstream the customs revenue collection, WAM reported.
"That's very important for us, because an estimated 46 percent of our government revenues come from customs but the current system allows some loopholes for leakages, waste and misallocations," Ahmad said.
"We believe that if we want Afghanistan to be the land bridge between South and Central Asia, regional connectivity is important, especially as part of our own plan for economic growth," he said.
Afghanistan wants to extend its connectivity beyond South and Central Asia towards Arabian Gulf, particularly the UAE, through Port Qasim in Karachi, Pakistan and Chabahar Port in south-eastern Iran, he explained.
"We need to get logistics revamped and we are engaged with the UAE firm to see whether they could come and study to completely reform and restructure it, which would also include technology transfer," Ahmad told WAM.
He said Afghanistan realises the future is digital and said government was also working with the UAE to create a unified communication infrastructure network, especially for key government institutions. “That includes important technological support, for example, on data integration systems. We are engaging with the UAE on this and it is a flagship project," he said.
Ahmad also revealed that efforts are underway to establish a joint UAE-Afghanistan Business Council.
He said other priority sectors included the bilateral economic agenda, agriculture and aviation sectors.
The aviation sector is important "especially because the UAE’s three-company consortium is already managing four of our international airports. So now we're looking to see how in the aviation sector UAE’s engagement could deepen to include, for example, building a passenger terminal, building a cargo terminal, as well as establishing a logistical and food processing zone," the envoy explained.
Business
Mullah Baradar inaugurates a blanket factory in Kabul
About 930 million Afghanis have been invested in the factory and it currently has the capacity to produce 1000 blankets per day.
Mullah Abdul Ghani Baradar, the economic deputy prime minister, on Sunday inaugurated a blanket factory in Pul-e-Charkhi industrial area in Kabul city.
Speaking at the inauguration ceremony, Baradar said that with the provision of overall security in the country and the reduction of corruption, a favorable environment for medium and small investments has been created.
He added that the Islamic Emirate continues to support domestic industries by implementing effective import substitution policies, which plays an important role in strengthening the country's national economy.
Baradar stated that in order to support domestic industries, heavy-duty machines worth 100 million afghanis ($1.4 million) were purchased for the newly established blanket factory based on the Islamic Murabaha Islamic financing structure.
Murabaha is a sales contract where the buyer and seller agree on the markup or "cost-plus" price for the item being sold.
Baradar also mentioned that the Islamic Emirate seeks to reduce dependence on foreign imports by increasing the level of investment.
He called businessmen and investors to invest inside Afghanistan for the economic growth of the country.
According to Baradar’s office, the newly established blanket factory uses domestically sourced raw materials including wool and cotton, which will help increase job opportunities in addition to strengthening the livestock and agriculture sector.
About 930 million afghanis has been invested in the factory and it currently has the capacity to produce 1,000 blankets per day.
The factory has employed about 900 people.
Business
Trade volume between Kabul-Tehran has reached over $1.8 billion: MoIC
Afghanistan News: Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to $1.3 billion
Ministry of Industry and Commerce (MoIC) says the trade volume between Afghanistan and Iran has reached more than $1.8 billion over the past seven months of 1403 [solar year].
The ministry's spokesman Abdulsalam Jawad Akhundzada said these trades include oil and non-oil goods.
According to Jawad Akhundzada, trade and transit with Iran is expanding.
“Afghanistan's trade with Iran during the seven months of 1403 was worth $1 billion 827 million dollars, of which 30 million dollars were exports and $1 billion 797 million dollars were imports,” said Akhundzada.
“Most of the major export goods are mineral stones, raisins, all kinds of soft drinks and sesame seeds, and the main import items are diesel fuel, petrol, raw materials for manufacturing, liquid gas and cement,” he added.
Meanwhile, Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to 1.3 billion dollars.
Tehran Times newspaper quoted the Iranian customs officials and reported that Afghanistan was Iran's fifth largest importer of non-oil products in the last seven months.
Business
Afghanistan-India trade volume totals $650 million so far this year
Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.
In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.
He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.
According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.
Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.
The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.
Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.
According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.
The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.
JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.
He also promised to increase Indian visa facilities for Afghans.
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Mullah Baradar inaugurates a blanket factory in Kabul