Business
Huge Loss to occur if India hands off Hajigag Mine Excavation
Officials in Ministry of commerce and industry of Afghanistan have expressed their deep concerns over India not excavating of Hajigag mine, saying by beginning of the excavation hundreds of Afghanistan will find jobs the economy of the country will boost, if the following indeed has been cancelled by the Indian Governmental officials we will face huge loss on mining section.
Ministry of commerce and industry spokesperson Musafir Qoqandi said,” if this is a true I m so worried about it because the following project has been counted as one of the vital projects of India within the country, excavation of the Hajigag mine would boost the economy as well as create hundreds jobs opportunities for Afghans.”
The cancelation of the Hajigag mine excavation is believed to be carried out due to signing of the Memorandum of Understanding over security and intelligence information in between NDS Kabul and ISI Pakistan.
India has been counted as the biggest supporters of Afghanistan after the United States of America in building Afghanistan; the following country has supported Afghanistan billions of dollars in the past several years.
India media has published reports indicating that India has taken this action after Kabul and Islamabad has signed a MoU on sharing intelligence, though it has not been officially claimed by the Indian Government, but Kabul experts on economy affairs said,” this would a big pound on Afghanistan’s economy, business.”
Former Economy Minister Mohammad Amin Farhang said,” beside of the project it will have some more Complementarities aside of it, the following project would cover biggest investments of India into Afghanistan, there is big concern ahead us is that India to stop all its economic and trading projects in Afghanistan.”
Meanwhile MoI spokesperson Sediq Sediqee said,” we have no security issues within our mining projects across the country,we have special security forces to ensure security for National and International excavators to do mining in Afghanistan,earlier its was said that India trying to stop its project on Hajigag mining due to insecurity a claim which was rejected by the MoI officials.”
Though Afghan officials do not think the Memorandum of Understanding on security issues with Pakistan has not been finalized, there are rumors more interest underway to sign the following MoU with Pakistan ,let’s see how Afghanistan keep its Foreign Police balance towards each neighboring countries.
Reported By Farahnaz Frotan
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.
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.
Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.
Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.
“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.
Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.
Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.
Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.
This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.
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