Afghan air corridor for cargo to resume next week

Published

3 years ago

October 7, 2021

(Last Updated On: October 7, 2021)

The Afghanistan Chamber of Commerce and Investment (ACCI) deputy head said Thursday that Afghanistan’s international air corridor for cargo will resume next week.

Mohammad Younis Mohmand told Ariana News the first flight will carry pine nuts.

The ACCI however continues to criticize Pakistan over its treatment of Afghan businessmen and called for issues to be resolved at the Torkham and Spin Boldak land ports.

Mohmand also blasted the United States for holding Afghanistan’s foreign reserves “hostage”.

He said this was a matter of grave concern as it directly affected the country’s economy.

Mostly all economic activity in the country came to a grinding halt almost two months ago when the former government collapsed.

Now however, with a vastly improved security situation, the export of Afghan produce via air corridors will resume, he said.

“Flights are ready, InshAllah (God Willing), maybe in four or five days the first cargo flight abroad will take place,” said Mohmand.

On the issue of treatment of Afghan businessmen by Pakistan, Mohmand called for good relations between both sides.

“Relations are not good. We call for mutual respect in all economic sectors with all our friends and neighbors in order to improve the economic situation,” Mohmand added.

Mohmand meanwhile said the freezing of Afghan assets by the US was an extremely serious situation and that the continuation of this will exacerbate the economic crisis in the country.

“We demand the release of Afghan money. Our banking system is in trouble because of this money and all major projects have stopped,” Mohmand added.

He also called for the banking system to be normalized and said the process of trade and investment was dependent on reliable banking activities.

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Afghanistan’s imports and exports totaled $10.3 billion last year

Published

23 hours ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

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.

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(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.

Business

Afghanistan can become important industrial center in region: Hanafi

Published

3 days ago

May 13, 2024

Ariana News

(Last Updated On: May 13, 2024)

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.