Business
Afghanistan signs agreement with DP World to bolster ports infrastructure
The Ministry of Finance of Afghanistan and UAE-based DP World have signed an investment term sheet to modernize key commercial land ports, marking a significant step in enhancing the country’s trade infrastructure.
Abdullah Azzam, Head of the Economic Affairs Office at the Office of the Prime Minister, stated that the agreement opens the door for foreign investment and new contracts.
He said that that under this agreement, Afghanistan’s ports will be modernized and equipped with cutting-edge technology.
The agreement outlines the development of cargo handling facilities, port management systems, and operations using advanced equipment in line with international standards. Hairatan Port will be upgraded in the first phase, followed by Torkham Port in the second phase, with subsequent expansion to logistics corridors, economic zones, and other national projects.
DP World officials emphasized that the modernization of these ports will not only increase trade but also create new employment opportunities.
They highlighted Afghanistan’s strategic location as a vital link between Central and South Asia and pledged continued efforts to support the country’s economic growth.
Economic analysts believe the investment will boost trade efficiency, reduce costs, and enhance the country’s transit capacity. Modernizing the ports is also expected to attract further foreign investment and strengthen Afghanistan’s overall economy.
Business
Afghanistan sends gold to Uzbekistan for processing
Afghanistan has sent 20 kilograms of raw gold, valued at $2.9 million, to Uzbekistan’s Surkhandarya region for processing.
Termiz Gold Production, a jewelry manufacturing company based in the Termez International Trade Center free economic zone, has begun processing the imported gold, Kazakh media reported.
The project is expected to boost regional industrial capacity, advance the jewelry industry, and increase export volumes, while also improving the investment climate by creating favorable conditions for industrial development and higher value-added production.
Business
Russia signals interest in expanding investment and trade ties with Afghanistan
Afghanistan’s envoy to Moscow met with Russian officials this week where both sides highlighted the importance of strengthening bilateral ties.
Russia has expressed strong interest in expanding investment and trade cooperation with Afghanistan during a meeting between Afghan and Russian officials in Moscow.
The Ambassador of the Islamic Emirate to Russia, Gul Hassan Hassan, met with Alexander Shkirando, Special Representative of the President of the Russian Chamber of Commerce, and Dmitry Antonov, Head of the Afghan–Russian Business Council.
During the talks, Russian officials highlighted their interest in increasing investment and commercial engagement with Afghanistan, noting that favorable conditions for investment have been established in the country.
Ambassador Gul Hassan Hassan briefed the meeting on Afghanistan’s current security and economic situation and urged greater access for Afghan products to Russian markets, as well as an expansion of imports from Afghanistan.
Both sides underscored the importance of strengthening bilateral cooperation and reaffirmed their commitment to enhancing economic and trade relations between Afghanistan and Russia.
Business
Afghan traders sign deal to import pharmaceuticals from Bangladesh
Under the agreement, Afghan traders will enter into direct contracts with Bangladeshi producers to supply medicines to the Afghan market.
Afghan traders have signed an agreement with major Bangladeshi pharmaceutical companies to import medicines directly from Bangladesh, a move that comes as Afghanistan prepares to halt the customs clearance of medicines imported from Pakistan.
The deal was reached during a visit to Dhaka by a delegation led by the Deputy Minister of Commerce and Industry, Mawlawi Ahmadullah Zahid, according to a statement from the Ministry of Commerce and Industry.
The delegation visited two of Bangladesh’s largest pharmaceutical manufacturers — BEXIMCO Pharmaceuticals Ltd and RENATA PLC — both of which export medicines to around 50 countries.
Under the agreement, Afghan traders will enter into direct contracts with Bangladeshi producers to supply medicines to the Afghan market.
During the visit, Mawlawi Zahid also invited Bangladeshi investors to establish pharmaceutical production facilities inside Afghanistan, stressing that nationwide security has been ensured and that the Islamic Emirate of Afghanistan supports industrial development and investment.
He said the government has provided all necessary facilities for investors and is committed to supporting domestic production.
Meanwhile, Dr. Naimullah Ayoubi, Director General of the Regulation of Medicines and Health Products at the Ministry of Public Health, assured Bangladeshi manufacturers of full cooperation in line with existing regulations.
The agreement follows an announcement by Afghan authorities that medicines imported from Pakistan will no longer be cleared through customs after the remaining 19-day grace period expires, prompting traders to seek alternative supply sources to ensure the continued availability of medicines in the country.
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