Connect with us

Business

Afghanistan’s export volume at $1.85 billion for past 7 months

Published

on

(Last Updated On: November 8, 2022)

The office of the first deputy prime minister, Mullah Abdullah Ghani Baradar Akhund, said on Tuesday that Afghanistan’s exports abroad exceeded $1.8 billion since the start of the current solar year – seven months ago.

According to a statement, $1.85 billion worth of goods went to Pakistan, Iran, India, Tajikistan, UAE, Uzbekistan, Kazakhstan, China, Saudi Arabia and Iraq.

The bulk of the goods went to Pakistan, India, Tajikistan and China, officials said.

According to the government statistics, nearly $744 million worth of goods have been exported to Pakistan alone in this time.

The Afghanistan-Pakistan Joint Chamber of Commerce and Industry said that the exports with Pakistan have doubled.

Last month, trade and commerce ministry spokesperson Abdul Salam Jawad said that if the export sector continues to grow, export volumes worth $2.5 billion will be reached soon.

“We are sure that if our business continues in this way, our exports will reach more than two and a half billion dollars,” he said.

According to officials, efforts are being made to get Afghan products to regional and global markets via land and air corridors.

Economic experts have meanwhile expressed hope that with the expansion of trade relations, Afghanistan will soon become self-reliant.

At the same time, the Ministry of Trade and Industry says that it is trying to expand Afghanistan’s economic relations with India.

According to officials, India is one of the countries that had extensive trade relations with Afghanistan in the past, and now they want these relations restored. Abdulsalam Jawad Akhundzada adds that Afghan goods have many buyers in the Indian markets.

According to Akhundzada, the country’s exports to India have increased by 25% compared to last year.

The Chamber of Commerce and Investment meanwhile said more than 60 tons of goods have been exported to India in the last seven months.

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

on

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Continue Reading

Business

Afghanistan starts exporting via railway to Turkey

Published

on

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Continue Reading

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

on

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!