Business
CoCI calls on government to have exact economic plan
Officials in Chamber of Commerce and Industry (CoCI) said that more than a thousand factories blocked in different parts of the country in the recent years.
Chairman of the international relations of Chamber of Commerce and industry, Azrakhsh Hafezi is said to consider the reason for factories stopped activities the increase of insecurity, lack of electricity and lack of government’s support for the private sector.
Azrakhsh declared that more than three thousand factories are activating in several provinces of the country but nearly 1100 factories deactivated in the recent years.
“The government should have an exact economic plan to ascertain the underlying economic lines.” Hafize noted.
In the meantime, some of Afghan traders have different views regarding the issue.
They said the private sector of the country had a remarkable growth in the recent years but lack of government’s support caused the domestic products collapsed.
Chairman of the Board of entrepreneurs of Afghanistan, Rahmuddin Haji Aqa said, “I confirm the lack electricity in factories, existence of corruption, and lack of government’s support to factories. But I cannot say anything to the figure Azrakhsh Hafize presented.”
However, officials in ministry of commerce is said to consider chamber of commerce findings are Hafize’s personal views.
This comes as President Ghani in his national unity government promised to find solutions for wiping out economic challenges, but four months passed still investors have their problems.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
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.
Business
Afghanistan starts exporting via railway to Turkey
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.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
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.
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