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Acting commerce minister heads to Russia to attend Kazan Forum

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(Last Updated On: May 14, 2024)

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.

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Commerce ministry steps up efforts to grow export market

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(Last Updated On: May 28, 2024)

The Ministry of Commerce and Industry says that they have increased marketing efforts for domestic products to be sold on global markets.

Officials said markets of Central Asia and Russia are viable markets for Afghan goods and that they are trying to hold expos in these countries.

They also said that large expos of Afghan products will be held in Uzbekistan, Russia and Kazakhstan in the near future. Nooruddin Azizi, the acting minister of commerce and industry, said his ministry has increased marketing efforts in order to supply foreign markets with domestic products. He said Central Asia and Russia have proved to be stable markets for local goods.

Meanwhile, the Afghanistan Chamber of Commerce and Investment (ACCI) said there is no doubt that the markets of Central Asia and Russia are among the best markets for exported goods, but that the Islamic Emirate should pave the way for more exports and for technical issues to be resolved.

Economic experts believe that the marketing of Afghan products in global markets is one of the most important responsibilities of the relevant institutions in the government so that Afghanistan’s trade with other countries can flourish.

Afghanistan currently has good trade relations with Central Asian countries, and if these relations expand, more goods will be exported from Afghanistan, experts have said.

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Siberian oil and gas businessmen meet with Delawar for talks

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(Last Updated On: May 23, 2024)

Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.

According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.

In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.

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Supreme leader approves budget for 1403 solar year

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(Last Updated On: May 22, 2024)

The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”

This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.

As with the previous year, the budget has been drawn up exclusively using domestic revenues.

The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.

All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.

No further details were given.

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