Efforts underway to prevent economic collapse of Afghanistan: IFRC

Published

2 years ago

February 5, 2022

(Last Updated On: )

The International Federation of Red Cross and Red Crescent Societies (IFRC) said that efforts are underway to prevent an economic collapse of Afghanistan.

Addressing a press conference in Kabul on Saturday, deputy head of the IFRC and head of Turkish Red Crescent said that humanitarian aid can’t fill the vacuum of economic problems.

“Red Crescent is a door of aid for Afghanistan. We encourage and support all international organizations to assist Afghanistan. We call on them to help Afghanistan as soon as possible.

“The problems like migration will be expanded, if the world does not help Afghanistan,” said Kerem Kinik, deputy head of IFRC and head of Turkish Red Crescent.

According to Kinik, Turkey will provide 800 tons of foodstuff, medical supplies and other necessary goods to Afghanistan.

He added that the first consignment of aid will arrive in Kabul soon.

“We have assisted with $10 million to Afghanistan that has reached two million people, it is humanitarian aid, and Turkey aid will continue. The aid includes shelter and foodstuff,” said Kinik.

This comes after the UN’s World Food Program said that more than half the population of Afghanistan is facing urgent humanitarian assistance.

$23 million pharmaceutical company opens in Kabul

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Published

20 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

A new pharmaceutical company, costing $20 million, was officially opened on Thursday in Kabul in the presence of Islamic Emirate leaders, including Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The new company will reportedly manufacture 50 different types of drugs once fully operational.
Addressing the launch ceremony on Thursday, Baradar outlined the importance of quality in terms of pharmaceuticals and said poor-quality drugs threaten lives while good-quality medicines can save lives.

Baradar also pointed out that more manufacturing companies like this will help grow the country’s economy.

He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

Health officials meanwhile said that currently there are 77 pharmaceutical companies in the country and that serious efforts are being made to make the country self-sufficient in this regard.

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Kandahar officials inaugurate $50 million pharmaceutical company

Business

Sugar exports to Afghanistan resume after four year break

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Import, export volumes total $7.5 billion in 1st nine months of this solar year

Business

Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

120 Chinese companies held investment talks with IEA since takeover