Business
Kunduz Security Threats Reduce Afghan-Middle Asia Trade Deals 80%
Insecurity threats in Kunduz province has reduced the trade deals between Afghanistan and Middle Asia 80 percent.
Government officials in Sher Khan port say the customs revenue of this port reached to 380 million AFN in the past year, while the figure was 1 billion AFN in the last three years.
“Clashes in Kunduz reduce business deals 70 to 80 percent. During the Karzia government nearly 300 vehicle commuted daily but now that is not more than 40 to 50 vehicles,” said Afghanistan border commander in Sheer Khan port.
Security sources in Kunduz claimed that Russian forces have replaced in Afghanistan border with Tajikistan. And Russia has pressed Tajikistan to reduce trade deals with Afghanistan and impose many restrictions on traders of both sides of the borders.
The Afghan government is trying to find trade solutions for the deals with Middle Asia and to get rid of trade dependence from Pakistan, but security forces call one of the main factors of Kunduz war is Pakistan’s support from Taliban.
Reported by Ahmad Farshad Saleh
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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