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First Panjshir emerald expo will launch in under three weeks
The expo also aims to show Panjshir’s handicrafts and culture, develop livestock farms and agricultural products, showcase traditional medicinal plants, encourage people to use domestic products and attract investment.
The Ministry of Industry and Commerce (MoIC) says the first expo of Panjshir emeralds is expected to be held in the province to boost exports.
The ministry’s spokesman Abdulsalam Javad Akhundzadeh said the expo will be held over three days in about three weeks and the main purpose of it is to boost exports of precious and semi-precious stones.
The expo also aims to show Panjshir’s handicrafts and culture, develop livestock farms and agricultural products, showcase traditional medicinal plants, encourage people to use domestic products and attract investment, Akhundzadeh added.
A number of experts said that emeralds are the second most sought-after stone in the world after diamonds.
They stated that by selling emeralds, Afghanistan can considerably boost its revenue.
“Emeralds are the second most precious stone after diamond, and it can be found in Afghanistan and some other countries. In terms of quality, Afghanistan’s emeralds are unique in the world. Therefore, I think that holding such expos can introduce more Afghan emeralds to the world,” said Abdul Nasir Rashtia, an economist.
So far, several rounds of tenders have been held for emeralds mined in Panjshir by the Ministry of Mines and Petroleum, and because of this, millions of dollars worth of emeralds have been sold.
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Over 560 emerald mining permits issued in Panjshir
Panjshir’s emeralds mined and sold legally for the first time: officials
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Russia eyes railway route via Afghanistan as alternative to Strait of Hormuz
Russia should explore establishing a railway route to the Indian Ocean through Afghanistan to reduce risks associated with the Bosphorus and Strait of Hormuz, Russian Deputy Prime Minister Marat Khusnullin said.
Speaking in an interview with TASS, Khusnullin said alternative rail routes could pass through Turkmenistan, Iran, Afghanistan and Pakistan before reaching India.
“A rail link to the Indian Ocean should also be explored,” Khusnullin said. “Risks related to the Bosphorus and the Strait of Hormuz might require alternative routes: through Turkmenistan, Iran, Afghanistan, and Pakistan. Any options providing access to India are acceptable.”
The proposal comes amid concerns over the security and reliability of shipping through the Strait of Hormuz following the escalation of tensions involving the United States, Israel and Iran.
The Strait of Hormuz is a major global energy route, through which a significant share of the world’s oil and liquefied natural gas shipments passes.
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Foreign companies eye investment in Afghanistan’s electrical equipment industry: DABS
Officials of Da Afghanistan Breshna Sherkat (DABS) say several major companies from neighboring countries, including Russia, are interested in investing in the production of electrical equipment in Afghanistan.
The officials added that Afghanistan has the capacity to attract millions of dollars in investment in the production of electrical equipment.
According to DABS officials, a large portion of the equipment required by Breshna is purchased from neighboring and other countries, and increasing domestic production could reduce the country’s reliance on imports to some extent.
Meanwhile, private-sector representatives said investment in the production of electrical equipment is a serious need. They stressed that investment in the development and production of electrical equipment should be accelerated to reduce imports and increase domestic production.
They said the move would not only reduce reliance on imports but also create employment opportunities for thousands of people.
Economic analysts also said that, alongside electricity generation, investment in the production of equipment used for electricity generation and transmission should be increased. This would allow domestically produced electrical equipment to enter the local market and help reduce imports of foreign products.
Currently, electrical equipment is imported into Afghanistan from various countries, including China, Iran and Turkey.
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