Business
Pakistan stops 8,700 containers of Afghan goods at Karachi port
A number of Afghan traders and freight forwarders in China said at a press conference that Pakistan has imposed restrictions on the transfer of goods, and with the imposition of these restrictions, 8,700 containers carrying commercial goods have been stopped in the Karachi port.
According to these businessmen, Pakistan issues a fine of $200 dollars for each container, so they have suffered a lot of losses.
“If the containers are not allowed, we have no choice, we either go to the United Nations or go to the European Union to solve the issue,” said Khan Agha Gulzad, head of the Afghan Merchants Union based in China.
“We respectfully request the Islamic Emirate to resolve the issue via diplomatic and understanding means. [If it doesn’t happen] this is a very economic blow to the national businessmen and people of Afghanistan,” said Zabihullah, a member of the Afghan Merchants Union based in China.
Meanwhile, officials from the Afghanistan-Pakistan joint chamber believe that imposing restrictions and creating barriers to transit goods is against the principles and commercial laws and this should not be done.
On the other hand, the Ministry of Industry and Commerce (MoIC) has said that efforts are underway to solve the problems caused by goods in transit with Pakistan.
“Unfortunately, what Pakistan is doing is against all international laws. Therefore, we work on alternative ways and we reach the goal we have set for ourselves,” said Abdulsalam Jawad Akhundzada, a spokesman for MoIC.
Business
Afghanistan’s imports and exports totaled $10.3 billion last year
The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.
According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.
Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.
Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.
Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.
Business
Acting commerce minister heads to Russia to attend Kazan Forum
Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.
The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.
The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.
The forum is held between May 14 and 19.
The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.
More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.
Business
Afghanistan can become important industrial center in region: Hanafi
Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.
Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.
“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.
Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.
Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.
Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.
This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.
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