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Dozens of foreign traders receive investor licenses in Afghanistan: MOIC

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(Last Updated On: September 13, 2022)

The Ministry of Industry and Trade (MOIC) says that it has distributed investment licenses to hundreds of foreign businessmen in Afghanistan over the past year.

MOCI officials said Tuesday that they are trying to attract foreign investment from large companies in order to boost Afghanistan’s economic sector.

According to them, four times more foreign investor licenses have been issued this year compared to last year. Officials also said foreign investors were doing business in various parts of the country.

“Our figures indicate that issuing license to foreign companies has increased four times more this year compared to last year,” said Jawad Dabir, a spokesman for the Ministry of Industry and Trade.

“This shows that foreign investment has a positive impact in Afghanistan but the leadership of Industry and Trade believes that it should have economic ties with the region and the world,” Dabir added.

However, Afghan Invest Company officials have said the IEA also needs to increase facilities for domestic investors.

“The best way is that the domestic companies must be supported and the foreign firms should jointly invest with the internal companies in Afghanistan,” said Sherbaz Kaminzada, head of Afghanistan Industries and Mines Chamber (AIMC).

Economic experts have also appealed to the MOIC to increase facilities and to give more focus to domestic investors and to encourage more joint foreign and domestic investment.

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IEA urges World Bank to resume work on 7,000 incomplete projects

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(Last Updated On: April 19, 2024)

Officials at the Ministry of Rural Rehabilitation and Development (MRRD) say 7,000 incomplete projects of the World Bank are at risk of destruction in Afghanistan. They call on the World Bank to resume the work of these projects.

According to them, discussions have been held with the World Bank about these projects, but there has been no result yet.

“7,000 incomplete projects are being destroyed, and if the work is not started, these projects will be destroyed. We ask the World Bank to resume the work of these projects as soon as possible,” said Noorul Hadi Adel, the spokesperson of MRRD.

Meanwhile, members of the private sector also ask international institutions to resume their work in Afghanistan.

According to the officials of this sector, with the start of these projects, job opportunities will be provided for thousands of people in the country.

“These projects create employment for our people and the country will grow a lot,” said Mirwais Hajizadeh, a member of the private sector.

However, economic experts stated if the work of these projects does not start soon, they will be destroyed and the investments made in them will be wasted.

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Ten people killed by floods in Helmand

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(Last Updated On: April 19, 2024)

Ten people have been killed and six others injured by floods in Helmand province in the past week, local officials said on Friday.

According to officials, seven of those were members of the same family, and they were killed in Kajaki district last night.

“Most of the people moved from vulnerable areas to high lands and mountains, and thanks Allah the number of casualties is low,” Sher Mohammad Vahdat, the head of information of the Directorate of Information and Culture in Helmand, said adding rescue teams and security forces have been dispatched to help people.

It is said that the telecommunication system has also been disrupted due to the effect of floods in Kajaki district. Floods have also destroyed thousands of acres of agricultural land.

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UN envoy meets Indian foreign minister to discuss Afghanistan

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(Last Updated On: April 19, 2024)

Roza Otunbayeva, the UN Secretary General’s Special Representative for Afghanistan, met with the Indian Foreign Minister Subrahmanyam Jaishankar in New Delhi and discussed issues related to Afghanistan, it was announced on Thursday.

During the meeting, Otunbayeva thanked India for “its critical humanitarian support and longstanding friendship for the Afghan people” and discussed the importance of regional and international cooperation to address prevailing challenges in Afghanistan, UNAMA said on X.

Jaishankar also said on X that the sides exchanged views on the current situation in Afghanistan.

“Underlined that India has provided wheat, medicines, pesticides and school supplies. Appreciate the role of UN agencies as partners in these endeavors,” he said.

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