Business
More than 120 Afghan Factories in Pakistan Eager to Invest in Country
![SANAT_23_01_2017_DARI_SOT.mpg_snapshot_00.21_[2017.01.23_17.20.40]](http://ariananews.af/wp-content/uploads/2017/01/SANAT_23_01_2017_DARI_SOT.mpg_snapshot_00.21_2017.01.23_17.20.40.jpg)
Afghan investors who are activating in Pakistan show eager to start investment in the country, but they complaint over lack of enough lands.
More than 120 Afghan factories in Pakistan show readiness to begin their activities in the country, but the government has still not issued a decree for the distribution of lands for them.
Afghanistan Craftsmen Union say these factories are seeking ways to find lands to begin investing in the country.
“President Ghani has previously instructed the Ministry of Interior to distribute lands for investors, but the decree is unknown so far,” said Abdul Jabar Safi, deputy of Afghan Craftsmen Union.
In the meantime, Ministry of Commerce and Industry (ACCI) says a large number of lands have been considered for investors in Deh-e Sabz area and the distribution process will begin in the nearest time.
“We have been informed about this issue and we are working on it,” said Musafer Quqandi, spokesman of ACCI.
Afghan Craftsmen Union warned that if the Afghan investors do not find their needed lands, the Pakistani government would encourage them to continue their activities in Pakistan.
Analysts say it would have positive effects in the economy of the country if these factories activate in the country.
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.
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.
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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