Business
Afghanistan, Uzbekistan to sign power transmission contract
Acting Foreign Minister Mohammad Haneef Atmar and his Uzbek counterpart Abdulaziz Kamilov have agreed on an electricity transmission contract between the two countries, the Ministry of Foreign Affairs said in a statement on Friday.
“The two sides agreed on the signing of a power transmission agreement between Breshna Shirkat and the Uzbek Ministry of Energy, as well as expanding cooperation in trade and transport,” the statement said.
Acting Foreign Minister @MHaneefAtmar, heading a high-level delegation to Tashkent, met with Uzbek Foreign Minister Abdulaziz Kamilov. The two sides agreed on the signing of a power transmission agreement between the two countries & expanding cooperation in trade and transport. pic.twitter.com/EIvdMD9kfv
— MFA Afghanistan 🇦🇫 (@mfa_afghanistan) August 28, 2020
Abdulaziz Kamilov said: “We hope that this historic trip will further enhance political and economic cooperation between the two countries and strengthen our relations in the fields of trade, transport, electricity, and energy.”
According to the statement, the two sides discussed the importance of reconciliation in Afghanistan and the role of Uzbekistan in promoting peace and building regional consensus.
Kamilov emphasized Uzbekistan’s support for an Afghan-led and owned peace process and the position of the Afghan government.
“We hope to see the immediate start of negotiations between the Islamic Republic of Afghanistan and the Taliban,” he added.
Atmar, who headed a high-level Afghan delegation to Tashkent for a two-day official visit, has informed Kamilov about the need for an early start of peace talks, preservation of the Islamic Republic, and the achievements of the past 19 years to ensure a lasting peace.
Atmar assured his Uzbek counterpart that Afghanistan had a strong will to strengthen and expand relations with Uzbekistan.
“We want to improve political, economic, and cultural relations with our friendly neighboring country, Uzbekistan,” Atmar noted.
“In closing, both sides agreed on a roadmap aimed at unifying the views of the leaders of the two countries in order to develop and expand long-term relations,” the statement concluded.
Business
Iraqi intelligence report alleges oil smuggling network supplying Afghanistan and Turkey through Iran
The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.
An Iraqi intelligence report obtained by Sky News Arabia has revealed alleged large-scale crude oil smuggling operations from northern Iraq into Iran, where the oil is reportedly refined and later sold in regional markets, including Afghanistan and Turkey.
According to the report, shipments of crude oil are transported through land routes and unofficial trade channels into Iranian territory, where they undergo refining and processing before being re-exported to foreign markets.
The intelligence findings suggest that the alleged network is designed to bypass international sanctions and facilitate the movement of petroleum products outside official trade and financial monitoring systems.
The report further indicates that smuggling networks rely on informal transportation routes and cross-border commercial channels to maintain the collection, processing and distribution of oil products while avoiding regulatory oversight.
The revelations have raised concerns over cross-border smuggling, the loss of national resources and the potential impact of illicit oil trade on regional economies.
Security and political observers say the reported activities could put additional pressure on Iraqi authorities to strengthen border controls, monitor oil transportation routes and improve coordination with regional and international partners.
However, the allegations outlined in the intelligence report have not been independently verified, and further details about the networks involved, the quantities of oil transported and the scale of supplies reaching Afghanistan and Turkey remain unclear.
The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.
Business
$30 million pharmaceutical investment launched in Herat as new production line opens
Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.
The foundation stone has been laid for three new pharmaceutical production blocks at Ovison Pharma in Herat, with an investment of $30 million, while the factory’s new serum and injectable production line has also been inaugurated.
The new production blocks will be constructed on a 3,000-square-metre site, with each facility planned to have five floors. Equipped with advanced machinery and designed to meet international standards, the expansion is expected to significantly increase the factory’s pharmaceutical production capacity.
Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.
The expansion marks a significant step toward strengthening Afghanistan’s pharmaceutical industry, increasing domestic production and reducing the country’s reliance on imported medicines.
The investment is also expected to support the development of local manufacturing capacity and improve access to domestically produced pharmaceutical products.
Business
Afghanistan approves new foreign investment policy in bid to attract international investors
The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.
Afghanistan’s Economic Commission has approved a new foreign investment policy aimed at attracting international investors, improving investment opportunities and supporting the country’s economic growth.
The decision was made during the commission’s regular meeting, chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, at the Marble Palace on Monday.
According to the Deputy Prime Minister’s Office for Economic Affairs, the proposed policy was presented by a committee established under the leadership of the economic deputy office. Following a comprehensive review and consideration of the commission’s recommendations, the policy was approved.
The policy aims to regulate foreign investment activities, facilitate investment procedures, create a favourable environment for investors, ensure investment security and promote Afghanistan’s economic growth and development.
During the meeting, the commission also approved a proposal concerning the payment of fixed taxes by commercial import companies at the country’s customs offices.
Officials said implementing the proposal would create additional facilities and simplify procedures for importing businesses.
The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.
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