Business
Committee starts work to help returning Afghan refugees restart their businesses
The Ministry of Commerce and Industry says that the committee for regulating facilities for businessmen and industrialists was opened on Tuesday in Kabul.
The Acting Minister of Industry and Commerce Nooruddin Azizi, said at the launch ceremony of this committee that investment facilities have been provided for businessmen who have returned to the country.
“Fortunately, today we are officially witnessing the opening of the work office of the mentioned committee in the Ministry of Industry and Commerce,” said Azizi.
According to Azizi, five years of financial exemption considering special conditions, distribution of land in industrial parks of the country, and the distribution of land in new Kabul for businessmen who return to the country have been considered by the committee to create facilities for businessmen and industrialists.
“Activity permission in industrial parks that have electricity, gas, and a place to stay. Of course, we have industrial parks in most of the provinces, and we are trying in the first step to provide land in industrial parks to all our industrialists in the parks which have gas, electricity and all facilities, and we are trying to create new industrial parks with these facilities,” Azizi added.
Members of the private sector say that when the facilities promised by the government are implemented, many businessmen will return to the country and a lot of investment will be made in the country.
“Creating a committee to solve the problems of immigrants’ investments in Pakistan is a good move, and the Islamic Emirate of Afghanistan should facilitate the return of our immigrants who have invested in Pakistan to their homeland. And now there are good investment opportunities in Afghanistan,” said Sakhi Ahmad Payman, deputy head of Afghanistan Chamber of Industries and Mines.
According to statistics, 70 businessmen have applied to transfer their investments from Pakistan to Afghanistan.
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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