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Food and oil prices fall in Afghanistan: IEA

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The officials of the Islamic Emirate of Afghanistan (IEA) have recently said that the price of food items and oil has decreased by 30 percent in the country.

Mohammad Yunus Mohmand, deputy head of Afghanistan Chamber of Commerce and Investment (ACCI) has said that over the past month, the price of food items and oil have decreased by 30 percent, and in the near future the prices will decrease even more.

“The prices have decreased by 20 to 30 percent and will decline further,” said Mohmand.

Akhundzada Abdul Salam Jawad, a spokesman for the Ministry of Trade and Industry, also said that the ministry has taken more measures to control prices, but they want to import enough food and non-food items into the country.

“We assure the people that before the arrival of this winter season, we have plans to reduce the basic needs, and all commodities and raw materials, Inshallah will have a significant reduction,” said Salam Jawad.

At the same time, the officials of ACCI have further said that the decrease in food prices in the world has had a positive effect on food prices in Afghanistan.

However, the high level of poverty has caused the country’s residents to not be able to buy the materials they need, therefore, they call on the government to pay serious attention to the price of raw materials so that the rates do not rise again.

“Until yesterday, a can of oil was 1900 afghanis, today it has reached 1700 afghanis,” said a shopkeeper.

On the other hand, the price of oil products has also declined, and a number of sellers express hope that the price of oil and gas will decrease further.

“Previously, the price of diesel per liter was 100 afghanis, now it is 97 afghanis. Gasoline was 80 afghanis, now it is 78 afghanis,” said an oil seller.

This reduction in price of food items and oil come while recently the Ministry of Industry and Trade has signed a contract with Russia for the purchase of millions of tons of food and petroleum products, which according to experts, the prices will drop significantly when these products are imported.

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Iraqi intelligence report alleges oil smuggling network supplying Afghanistan and Turkey through Iran

The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.

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An Iraqi intelligence report obtained by Sky News Arabia has revealed alleged large-scale crude oil smuggling operations from northern Iraq into Iran, where the oil is reportedly refined and later sold in regional markets, including Afghanistan and Turkey.

According to the report, shipments of crude oil are transported through land routes and unofficial trade channels into Iranian territory, where they undergo refining and processing before being re-exported to foreign markets.

The intelligence findings suggest that the alleged network is designed to bypass international sanctions and facilitate the movement of petroleum products outside official trade and financial monitoring systems.

The report further indicates that smuggling networks rely on informal transportation routes and cross-border commercial channels to maintain the collection, processing and distribution of oil products while avoiding regulatory oversight.

The revelations have raised concerns over cross-border smuggling, the loss of national resources and the potential impact of illicit oil trade on regional economies.

Security and political observers say the reported activities could put additional pressure on Iraqi authorities to strengthen border controls, monitor oil transportation routes and improve coordination with regional and international partners.

However, the allegations outlined in the intelligence report have not been independently verified, and further details about the networks involved, the quantities of oil transported and the scale of supplies reaching Afghanistan and Turkey remain unclear.

The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.

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$30 million pharmaceutical investment launched in Herat as new production line opens

Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.

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The foundation stone has been laid for three new pharmaceutical production blocks at Ovison Pharma in Herat, with an investment of $30 million, while the factory’s new serum and injectable production line has also been inaugurated.

The new production blocks will be constructed on a 3,000-square-metre site, with each facility planned to have five floors. Equipped with advanced machinery and designed to meet international standards, the expansion is expected to significantly increase the factory’s pharmaceutical production capacity.

Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.

The expansion marks a significant step toward strengthening Afghanistan’s pharmaceutical industry, increasing domestic production and reducing the country’s reliance on imported medicines.

The investment is also expected to support the development of local manufacturing capacity and improve access to domestically produced pharmaceutical products.

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Afghanistan approves new foreign investment policy in bid to attract international investors

The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.

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Afghanistan’s Economic Commission has approved a new foreign investment policy aimed at attracting international investors, improving investment opportunities and supporting the country’s economic growth.

The decision was made during the commission’s regular meeting, chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, at the Marble Palace on Monday.

According to the Deputy Prime Minister’s Office for Economic Affairs, the proposed policy was presented by a committee established under the leadership of the economic deputy office. Following a comprehensive review and consideration of the commission’s recommendations, the policy was approved.

The policy aims to regulate foreign investment activities, facilitate investment procedures, create a favourable environment for investors, ensure investment security and promote Afghanistan’s economic growth and development.

During the meeting, the commission also approved a proposal concerning the payment of fixed taxes by commercial import companies at the country’s customs offices.

Officials said implementing the proposal would create additional facilities and simplify procedures for importing businesses.

The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.

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