Business
Fuel prices spike again in Afghanistan
Kabul residents have expressed their concern over the increase in fuel and gas prices, saying that a liter of gasoline has jumped to 80 afghanis and that a liter of gas to 60.
If industry and commerce ministry does not control the prices, people will face many problems, they said.
The residents meanwhile say these days the price of fuel increases day by day, calling on the Islamic Emirate to take measures to prevent the private sector from raising the prices.
The drivers also complain about the high price of fuel and gas in Kabul city.
“The price of petrol has reached 80 afghanis, and the price of diesel has almost reached to 80 afghanis, and with these prices we cannot even meet our expenses, and we ask the Islamic Emirate to control the prices as soon as possible and prevent the traders because they raised the prices by 20 afghanis per liter and this is an injustice to the people,” said Azizullah, a taxi driver in Kabul.
“The dollar has dropped a lot, but the price of fuel, on the contrary, has increased. The price of fuel should also drop because those who drive taxis cannot cover their expenses with these fuel prices,” said Siraj Ahmad, another taxi driver.
A number of fuel stations authorities in Kabul, however, say the closure of Salang pass has caused the price of fuel to increase.
“The price of fuel has gone up in the world because of the war between Russia and Ukraine, and the second reason is the closure of the Salang pass, which is under construction,” said Zamarai, fuel seller in Kabul.
In the meantime, Afghanistan Chamber of Commerce and Investment (ACCI) Deputy Khairuddin Mayel also say the reason for the high price of fuel in the country is due to the increase in prices in the global markets.
“The rise in global oil prices has caused the price of fuel to rise in the country, and this has a direct effect on the Afghan markets as well. Afghanistan Chamber of Commerce and Investment requests all traders who import fuel to pay serious attention to the prices so that our compatriots can afford it,” said Mayel.
Business
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.
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.
Business
$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.
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.
Business
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.
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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