Business
Mes Aynak mining still on hold as company deals with challenges
MJAM, the Chinese company that has the extraction contract for Aynak copper mine, in Logar province, has not been able to start operating due to the number of challenges they are facing.
According to John J. Coy, the vice president of MJAM, land acquisition around the mine is one major obstacle that is currently preventing the company from starting work.
Coy said the company cannot solve this problem alone and requires the Islamic Emirate of Afghanistan’s cooperation.
In addition to the land acquisition issues, it is reported that other major obstacles also exist and require resolution before the project can begin. Coy suggested that the Aynak copper mine contract needs to be reviewed in light of current challenges, and that there should be more dialogue between the Chinese company and the Islamic Emirate.
In return for the contract, the company is contractually bound to help needy families in the area with aid.
In the meantime, the Minister of Culture and Arts, Atiqullah Azizi, has stated that his ministry has prepared a plan to preserve the ancient Aynak copper mining site where countless artifacts have been found. Azizi says his ministry is currently in talks with a company to carry out this work and hopes to start practical work on the project as soon as possible.
Shokrallah, a representative from the Ministry of Mines and Petroleum, says the ministry is working to start practical work on mining the Aynak copper mine. However, the ministry acknowledges that they are in talks with MJAM to resolve the differences about this project.
The Aynak copper mine extraction contract was won by MJAM back in 2007. Since then, security problems and the presence of ancient artifacts in the mining area have prevented the company from starting work on the project, leading officials to seek out solutions and dialogue with the Islamic Emirate to resolve the problems.
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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