Business

Gov’t usurps $ 109 million ACCI properties: Officials

Published

8 years ago

April 18, 2016

(Last Updated On: October 25, 2022)

The Afghan government has grabbed $109 million properties of the Afghanistan Chamber of Commerce and Industry (ACCI), Officials said.

Officials in ACCI said that the government creates obstacles instead of growing investment in the country.

Land grabbing now has become an established practice in the country and those who have power would not hesitate in usurping lands and it might be due to its value. It is a lucrative business now. The grabbed lands defiantly bring millions of dollars to them. Those who are engaged in this business might enjoy immense support from powerful individuals in the government, because common people would not dare to do so.

“We call on government to wake up and use the existed opportunities and provide fields for investments that unemployment reduces in the country,” Azrakhsh Hafezi, head of ACCI’s foreign relation said.

If the government turned a blind eye to the issue, it would not be too far to witness that all public lands are usurped by the land mafia. Immediate action is the need of the hour.

“The Chamber of Commerce now becomes a political business and no one can press government for this action,” Abdul Jabar Safi, head of craftsmen union said.

In the last ten years, land disputes have become a permanent feature of Afghanistan’s landscape and also a primary driver of conflict in the country. Land grabbing has reached its peak in the past 10-year, mainly after the collapse of Taliban regime. Land mafia groups have increased their activities as soon as land value has increasing.

Meanwhile, Afghanistan Investment Support Agency (AISA) announced creating a new plan for supporting investments.

“Afghanistan faces a difficult economic situation and we should work on standardizing productions and investment,” Muhammad Qurban Haqjo, chairman of AISA said.

Business

Turkmenistan makes ‘significant progress’ on TAPI pipeline project

Published

14 hours ago

April 29, 2024

Ariana News

(Last Updated On: April 29, 2024)

Turkmenistan has made “significant progress” on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov.

“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which will supply 33 billion cubic meters to South Asia annually,” he said.

Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Amanov highlighted that Turkmenistan’s section of the pipeline had been completed and ongoing discussions to advance the project beyond Turkmenistan were in strict alignment with the international standards.

He said the project envisaged environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.

“In light of the ongoing project developments, Turkmenistan remains committed to upholding the international law, fulfilling its obligations and adhering to international norms and regulations,” he said.

This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.

Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety, he said.

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

6 days ago

April 24, 2024

Ariana News

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Business

Afghanistan starts exporting via railway to Turkey

Published

1 week ago

April 22, 2024

Ariana News

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.