Business
Anti-graft commission probes ‘catastrophic’ customs corruption
Anti-corruption agencies have described reports by the acting minister of finance that as much as $8 million is being embezzled by customs on a daily basis as being “catastrophic”.
The Anti-Corruption Commission says it is investigating the acting minister’s claims.
“The Anti-Corruption Commission is investigating the matter and will obtain further information from the Ministry of Finance,” said Mohammad Salim Safari, media officer at the commission.
This comes after acting finance minister Khalid Painda told MPs in the Wolesi Jirga (Lower House of Parliament) on Wednesday that between $7 million and $8 million was not being collected daily by customs across the country.
MPs in turn accused government leadership, especially the Ministry of Finance, of being the main culprits regarding corruption in customs, and said Painda needs to stop corruption instead of complaining about it.
On Wednesday, Painda told MPs in Parliament that there are reports of corruption involving governors, police commanders, employees of the Ministry of Finance as well as members of the public.
Asked about who is behind the multi-million dollar corruption scheme, Painda was not able to give satisfactory answers, members of the administrative board of the Wolesi Jirga said.
“Instead of giving statistics, the Ministry of Finance should fight corruption and reveal the list of corrupt people,” said Hujatullah Kheradmand, Deputy Secretary of the House of Representatives.
Members of the public, however, have a different view, saying that the head and leadership of the Ministry of Finance are primarily responsible for the corruption but instead they are blaming others.
President Ashraf Ghani has in the past accused the interior ministry of being at the heart of corruption in the country. But some members of the public say it appears that the ministry of finance has now taken that top spot.
In response to the scandal, the Ministry of Industry and Trade says that the smuggling of commercial goods into the country has reduced domestic production.
The Ministry says that joint efforts have been launched with the Ministry of Finance to address this challenge, and that tariffs on imported goods should be increased by 100 percent.
The private sector, on the other hand, says that domestic industrialists still do not have access to production resources.
Members of the private sector say that if the government supports the private sector, investments in the country will increase and jobs will be created.
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.
-
Regional5 days agoIran sent nuclear proposal to the US via Qatar, senior Iranian official tells Reuters
-
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
-
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
-
Sport4 days agoToofan Herat defeat Arman FC 2–0 in Afghanistan Champions League
-
Sport2 days agoPortugal beat Afghanistan 2-0 in Dakar Youth Olympics futsal semi-finals
