Business
Afghan growers seek larger market for profitable pine nuts
The pine nut growers in Afghanistan are hoping to further expand overseas market and earn a fair income in a bumper harvest, trying to shake off the negative impacts brought by COVID-19 and domestic turmoil.
Afghanistan is having a bumper harvest of pine nuts, with its output reaching 17,000 tons this year.
Harvesting and processing pine nuts has been a family business in every harvest season as a very important source of income. From pine cones to the ready-for-sale products, the fat-rich nuts need to go through multiple procedures.
The best pine nuts in the country gathered in the pine nut wholesale market in Kabul. The merchants and workers are busy cleaning, sorting and packaging them.
Pine nut trees grow in eight eastern provinces of Afghanistan, including Khost, Paktia, Paktika, Kapisa, Kunar, Nangarhar, Nuristan and Laghman.
The country’s northeastern mountains, where the average altitude is higher than 1,000 meters with lots of snow and sunlight, provide sound environment for pine trees with pine nuts of outstanding quality.
“Paktia people’s life depends on pine nuts because they don’ have land. The Urgun region in Paktia and the Khost Province are basically mountains, and locals harvest pine nuts from there,” said Abdul Wali, a pine nut trader.
“Pine nut is good for human body. That’s why we like to have it,” said Ahmad Jaweed, a customer.
Despite the good harvest, the pine nuts can hardly reach its essential overseas market due to the impact of COVID-19 and complicated domestic situation.
“The price is better than before. In the past, one kilo of pine nuts was 2,800 afghani to 3,000 afghani (about 30-32 U.S. dollars). But now it’s 1,700 A to 1,800 afghani (18.5-19.6 U.S dollars) because exporting them to other countries became difficult,” Jaweed said.
People in China helped out as a close neighbor earlier this month. During a live-streaming promotion event of the China International Import Expo (CIIE) on Nov 6, the influencers from China Media Group (CMG) and e-commerce companies sold 120,000 cans of pine nuts in minutes.
The Afghanistan Pine Nuts Production Union wrote a thanks letter to CMG. The pine nuts traders said that this business can not only bring in foreign exchanges to Afghanistan, but also provide large amounts of job opportunities.
“If we do pine nut business with China, I can tell you that around 50,000 people will have jobs in this field,” Wali said.
“From the economic point of view, it’s very beneficial for us,” Jaweed said.
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.
-
Sport3 days agoAfghanistan’s record partnership highlights fourth day of Test against Zimbabwe
-
World3 days agoHouthi-run health ministry says airstrikes kill 33 near Yemen capital
-
Sport4 days agoToofan Herat defeat Arman FC 2–0 in Afghanistan Champions League
-
Sport5 days agoAbu Muslim Farah claim convincing 3-0 win over Omar Zawak in ACL
-
Regional4 days agoPakistan’s leaders dread US Democrats’ win but its households are praying for it
-
Sport3 days agoAfghanistan thrash Senegal 6-0 to reach Dakar Youth Olympics futsal semi-finals
-
Sport2 days agoPortugal beat Afghanistan 2-0 in Dakar Youth Olympics futsal semi-finals
-
Business4 days agoUK-Afghanistan trade falls 16.7% to £70 million over 12 months
