Business

Chamber claims corruption, insecurity eradicated in Afghanistan

Published

3 years ago

March 2, 2022

(Last Updated On: )

Officials of Afghanistan’s Chamber of Industries and Mines (ACIM) said on Tuesday that corruption and insecurity have been eradicated since the Islamic Emirate of Afghanistan (IEA) took power last year but stated that the country was dealing with a severe economic crisis.

Officials said that one example is that of factories. According to them hundreds of manufacturing businesses have closed down due to the crisis.

The sudden collapse of the former government in August last year resulted in foreign donors cutting off all funding to Afghanistan, freezing of the country’s foreign reserves and imposition of economic sanctions.

Afghanistan, which has for the past 20 years been largely reliant on foreign funding, has been hit hard by these decisions which have contributed enormously to the current humanitarian crisis.

Chamber officials meanwhile said that international sanctions on Afghanistan’s banking system have led to the closure of many factories.

“We are satisfied with the Islamic Emirate, they are trying to promote domestic products and industries. Problems we have are because of international sanctions. The problem must be solved and Afghan money must be released,” said Sakhi Ahmad Paiman, the deputy head of the ACIM.

Members of the Steel Association, which is a major electricity consumer in Afghanistan, said that they still have power supply problems but other issues, including the smuggling of raw materials, has been stopped.

“Our problems have decreased compared to the past. Our expectation is to decrease challenges regarding domestic products,” said Abdul Nasir Rishtia, a member of the Steel Association.

Economic analysts also called on the IEA to help Afghan traders expand the domestic markets.

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Business

Afghanistan records trade volume of $292 million via air corridors in 1403 solar year

Published

15 hours ago

March 16, 2025

Ariana News

(Last Updated On: )

Afghanistan’s Ministry of Industry and Commerce says that in the solar year 1403 (April 2024 to March 2025), goods worth $292 million were transported through air corridors.

Abdulsalam Jawad Akhundzada, the ministry’s spokesman, said that the value of exports through air corridors this year totalled $125 million and imports $167 million.

He added that the main export items were dried fruits, saffron, dried and fresh figs, jujubes, pine nuts and handicrafts, and the main import items were medicines and electronic devices.

Akhundzada said that exports happened through Kabul, Kandahar and Mazar-i-Sharif airports to the United States, Germany, China, India, Britain, South Africa, Austria, United Arab Emirates and some other countries.

Business

Oman and Afghanistan explore ways to further enhance bilateral trade relations

During the meeting, Rawas and Muttaqi agreed to facilitate trade exchange between the two countries and utilize the available opportunities for mutual benefit.

Published

4 days ago

March 13, 2025

Ariana News

(Last Updated On: )

Faisal Abdullah Al Rawas, Chairman of Oman Chamber of Commerce and Industry (OCCI) met with Amir Khan Muttaqi, the Acting Minister of Foreign Affairs of Afghanistan, for talks on boosting trade relations between the two countries.

The meeting comes within the context of promoting relations between Oman and Afghanistan in the economic and trade sectors.

The two sides discussed ways to expand cooperation in the fields of trade, investment and economy, as well as developing ties in the logistics and tourism sectors.

They also touched on supporting joint projects that contribute to stimulating economic growth.

The two sides underlined the importance of exchanging experiences and knowledge in those fields.

During the meeting, Rawas and Muttaqi agreed to facilitate trade exchange between the two countries and utilise the available opportunities for mutual benefit.

Muttaqi traveled to Oman on Sunday. The foreign ministry announced that the trip was made at the invitation of the Omani Foreign Minister.

Business

Iran’s non-oil export to Afghanistan up 31% in 10 months

Iran exported non-oil commodities valued at $1.9 billon to Afghanistan between March 20 last year and January 19 this year.

Published

1 week ago

March 9, 2025

Ariana News

(Last Updated On: )

The value of Iran’s non-oil export to Afghanistan increased by 31 percent in the first ten months of the Persian calendar against the same period last year, Tehran officials confirmed.

The Tehran Times reported that Iran exported non-oil commodities valued at $1.9 billon to Afghanistan between March 20 last year and January 19 this year.

The spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade, Ruhollah Latifi, said Afghanistan was the fourth top export destination of Iranian products among Iran’s neighbors in the mentioned ten months.

In a meeting with an Iranian trade delegation in Kabul last August, Afghanistan’s interim Deputy Prime Minister Mullah Abdul Ghani Baradar Akhund said that his country is eager to attract Iranian investors in order to develop the Afghan mining industry, generate solar electricity and expand railway connectivity.

The Iranian delegation also proposed to launch a joint special industrial zone with Afghanistan.

Noting that Afghanistan has turned into a good place for making investment, Baradar said that the relevant ministries and organizations will cooperate and work closely with investors.

The Iranian delegation, made up of economic and trade players, also held a separate meeting with Afghanistan’s acting minister of commerce Haji Nooruddin Azizi. They called for the formation of a joint economic-mining zone between the two neighboring countries.