Connect with us

Business

Afghan and Iran customs committees meet to resolve issues

Published

on

The office of the deputy prime minister for economic affairs said on Sunday that meetings of the joint committees between Afghanistan and Iran have been held and previous agreements were discussed in order to resolve problems and expand trade and transit relations between the two countries.

The Islamic Emirate of Afghanistan (IEA) stated that it was agreed that customs units at the three border crossings – Islam Qala, Nimroz and Abu Nasr Farahi – and the Iranian side, will remain open for 16 hours a day, up from eight hours.

Also, an agreement was reached between the two countries for the purpose of increasing exports and imports, so that the number of vehicles transporting goods on a daily basis would increase from 550 to 1,200.

In these meetings, the 20-day ban on Iranian trucks entering Afghan territory was also removed. Both parties also announced the cancellation of some fixed fees for the purpose of promoting business, the office said.

Iran has scrapped one fee of $104 dollars (5,000 afghanis).

The aim of these meetings is to follow up on the agreements made with Iranian officials during the last visit of Mullah Abdul Ghani Baradar, the Economic Deputy of the Prime Minister, to Iran.

During Baradar’s visit to Iran, a number of memoranda of understanding were signed to increase trade and transit between the two countries, and it was also agreed to appoint joint committees to follow up on issues.

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.

Published

on

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.

Continue Reading

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.

Published

on

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.

Continue Reading

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.

Published

on

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.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2026 Ariana News. All rights reserved!