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Economy ministry to help strengthen Afghan carpet industry

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(Last Updated On: March 12, 2023)

The Ministry of Economy says it supports the carpet industry and intends to provide more facilities for the sector.

During an event on Sunday, a number of officials said that supporting the carpet industry is the priority of the Islamic Emirate and that they are trying to use domestic products, especially carpets, to counter the excessive import of foreign products.

Abdul Latif Nazari, deputy economy minister, said that the granting of small loans by a private bank to carpet manufacturers is an important step to support the carpet industry.

“The policy of the system (IEA) is to support domestic products, the carpet industry can play a prominent and graceful role in increasing our domestic productions along with other products,” said Nazari.

Qudratullah Jamal, deputy minister of industry and commerce, also said that the challenges and problems facing the carpet industry in the country will be solved and he emphasized that this ministry is one of the main supporters of the carpet industry in the country.

Meanwhile, some carpet producers in the country say that this year carpet production has increased by 40 percent because more people are engaged in carpet weaving this year.

“The amount of production has increased, but unfortunately, the challenges of exporting carpets abroad have caused us problems,” said Ismatullah, a carpet manufacturer.

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DAB declares online currency exchanges illegal

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(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.

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Azizi says efforts ongoing to find alternative trade routes

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(Last Updated On: April 8, 2024)

Minister of Commerce and Industry Nooruddin Azizi said at a meeting that the ministry is trying to find additional routes to boost trade for the private sector.

As a landlocked country, Afghanistan has regularly faced challenges regarding trade, especially in the transfer of goods over land.

Now, however, the Islamic Emirate is trying to find alternative ways of doing business, so a meeting was convened by the Ministry of Commerce and Industry.

The Acting Minister of Commerce and Industry said in this meeting that the search for an alternative way for the country’s trade is not blocking other roads and ports, but the Islamic Emirate is trying to create facilities for the private sector.

Abdulsalam Jawad Akhundzada, the spokesperson of the Ministry of Commerce and Industry, says that: “The leadership of the Ministry of Commerce and Industry has been obliged to work with the respected members of the Tariff Committee to find an alternative way for the country’s trade. In this meeting, Mr. Azizi emphasized on bringing ease to the growth of the industry. And the prosperity of the country’s trade, he said, “Looking for an alternative way for Afghanistan’s trade is not blocking other roads and ports, but we are trying to bring more convenience to the private sector.”

In this meeting, the Tariff Committee has introduced its special and technical representative for better and effective use of Chabahar port as one of the alternative ways for the country’s trade.

Abdul Nasir Rashtiya, a member of the Chamber of Industries and Mines, says: “Since Afghanistan is dependent on one route and problems arise from time to time, I think the best alternative route is Chabahar and Abbas ports, which are both closer in terms of area and in terms of transportation costs and in general having good economic relations with all neighboring countries can save Afghanistan from being isolated.”

According to experts, whenever alternative ways of business are sought and used, the country’s exports increase. He also said Afghan businessmen will have access to global markets.

However, the Director General of Customs of South Khorasan region in Iran has announced that the transit of goods from this region to Afghanistan has tripled. According to the Iranian official’s explanation, 19,936 trucks of goods were transited to Afghanistan through Mahirud Customs last year.

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Afghanistan, Pakistan agree to abandon barter trade, establish banking relationships

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(Last Updated On: March 29, 2024)

Afghanistan and Pakistan agreed to abandon barter trade and to establish banking relationships during the two-day talks in Kabul, the Islamic Emirate’s spokesman Zabihullah Mujahid announced late Thursday.

The agreement came during talks between Afghan delegation led by Acting Minister of Industry and Commerce, Nooruddin Azizi, and the Pakistani delegation led by Federal Secretary of Commerce Muhammad Khurram Agha.

It was agreed that the Pakistani side will facilitate the transfer of goods from international containers to regional containers in the ports of Karachi in the next six months, Mujahid said in a statement.

An agreement was made regarding preferential trade, where both sides will give tariff preferences to those 10 items of export goods, 8 of which are agricultural and 2 items are industrial.

The sides agreed on a temporary free license for truck traffic for one year as a trial period, which will be implemented from May 2024.

They also reached an agreement regarding the transfer of goods through the airports of the two countries in the form of multi-modal air transit, which will start in the next two months.

As part of Pakistan’s recent measures regarding Afghanistan’s transit goods, it was agreed that within a week, the mandatory bank guarantee should be removed and insurance should be used as before, in consultation with the parties, the necessary measures will be taken to remove other obstacles.

The export of coal from Afghanistan to Pakistan was also discussed and the Pakistani side expressed its readiness to buy it at the international price, according to the statement.

Earlier Pakistan’s Charge d’Affaires for Afghanistan, Ubaid-ur-Rehman Nizamani said in a video message on Wednesday that the recent trade talks in Kabul had been “successful” and that he hoped this would give fresh impetus to bilateral trade between the two countries.

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