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

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

13 hours ago

May 16, 2024

Ariana News

(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

2 days ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.