Business
Corruption Exceeds Beyond the expectation in Sabzi Market of Nangarhar
The special investigative report made by Ariana News disclosed that huge corruption dealt while signing the contract over Sabzi market in Nangarhar Province.
Nanagarhar provincial council secretary Ajmal Omar stated that the following market values 20 million Afghani has been given to an Afghan businessman in 600,000 Afghani.
They have added proper documents indicating frauds and corruptions have been given to President of Afghanistan but yet to see significant acts from his side.
Number fruit sellers have said,” several contractors have established a union led by the Gul Murad and no one is allowed to determine the price of fruits in the markets without his permission this has caused that the price of fruits to hike.”
Acting mayor in Nangarhar province Hakimuddin said,” our staffs have gone to review the situation but they were not allowed by the contractors union in the market.”
Head of the income department of municipality Jahan zib khan said,” the contractors in the market has not paid the taxation for the past four years.”
Acting Mayor of the city Hakimuddin added that we are capable to collect one 25% taxations from the shops, and the rest goes to Mafia pockets.”
It has been two weeks by now to get hold of the Sabzi Market leader Gul Murad but hasn’t been capable.
Business
More trade contracts signed between Uzbekistan and Afghanistan
Uzbekistan has agreed to sign export contracts worth $44 million with Afghanistan, according to a report by the Chamber of Commerce and Industry of Uzbekistan.
The contracts were signed during a three-day visit to Tashkent by a delegation of Afghan businessmen.
The two nations are also planning to form an Uzbekistan-Afghanistan Business Council, which will have 18 Afghan companies among its members.
Afghanistan’s import market is worth $7 billion. The goods that are most in demand with Afghan importers are agricultural products, processed food, textiles, leather, electrical components and construction materials.
Business
Turkmenistan makes ‘significant progress’ on TAPI pipeline project
Turkmenistan has made “significant progress” on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov.
“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which will supply 33 billion cubic meters to South Asia annually,” he said.
Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Amanov highlighted that Turkmenistan’s section of the pipeline had been completed and ongoing discussions to advance the project beyond Turkmenistan were in strict alignment with the international standards.
He said the project envisaged environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.
“In light of the ongoing project developments, Turkmenistan remains committed to upholding the international law, fulfilling its obligations and adhering to international norms and regulations,” he said.
This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.
Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety, he said.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
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