IEA calls on Afghans at home and abroad to invest in new state-run initiative
First Deputy Prime Minister Mullah Abdul Ghani Baradar said Sunday the Islamic Emirate of Afghanistan (IEA) is working on an economic policy that will help restore the economy and lift the country out of poverty.
Speaking at an event to launch a new state-run limited liability company, Afghan Invest, Baradar called on Afghans to bring their foreign-based capital back into the country and invest in the new initiative.
According to the IEA, 13 investors have already collectively invested $250 million.
Baradar said at the launch that Afghanistan is potentially an extremely wealthy country given the enormous, largely untapped, mineral reserves.
“Our country is very rich in terms of mines. Afghan investors if they have capital abroad, must relocate it to their home country, we support you. Trade is vital for a country,” said Baradar.
He also stressed that the government’s doors are open to all businessmen and that the IEA will support them. He said he hoped that businessmen across all ethnic lines in the country would invest in the new company.
Acting Minister of Commerce and Industry Nooruddin Azizi, who also attended the launch, said the only way to save Afghanistan from its current crisis was for Afghans to work together.
“The only solution to our country’s economic problems is for Afghans to work together and make sincere efforts,” said Azizi.
Sher Mohammad Abbas Stanikzai, the deputy minister of foreign affairs, said that it was because of the sacrifices of the people’s jihad that neighboring countries like Pakistan and Iran live in peace. He said the world should respect this.
“Not only did we liberate our country, but we also freed the countries in the region from aggressors,” said Stanikzai, at the event.
“We have a proud, and free Afghanistan, which we must protect and safeguard,” he added.
Afghan Invest officials said the aim of the company is to establish economic stability and encourage investment in the country. This includes investment across a broad range of sectors such as agriculture, mining, energy production and infrastructure development.
Cabinet members meanwhile said that with the return to power of the IEA, national sovereignty, national security and national integrity have been restored and that the new authorities will support investors.
Economic experts believe that the establishment of such ventures can have a positive impact on the country’s economy, and that foreign investors could be encouraged to invest in the country.
Five-day expo in Herat of domestic products draws good response
Herat Chamber of Industries and Mines says a five-day expo of domestically manufactured goods has drawn over 20,000 visitors and that business owners have signed dozens of contracts with investors and traders from other provinces.
“The booths were very good, the facilities were very good, people had all visited, participated from Herat and other provinces, and many of the contracts were signed at this expo,” said Toryali Ghousi, deputy of Herat Chamber of Industries and Mines.
Officials also said that the factory owners have displayed their products in 120 booths.
Dairy and other consumable products along with plastic goods, medicines and home appliances were among the items showcased at this expo.
Business owners have welcomed initiatives to hold expos and say more are needed so as to encourage people to buy domestic products.
“If these expos are always held and people come to see the domestic products, Inshallah, we will be able to stop the goods coming from abroad and move towards self-sufficiency,” said one business owner.
“Most of the people are not aware of domestic products and when expos are held, they become aware of domestic products,” said another participant.
Process of exporting fresh fruit to world markets kicks off: MoIC
The Ministry of Industry and Commerce (MoIC) says the process of exporting fresh fruit to world markets has started.
The ministry’s spokesman Abdul Salam Jawad said that they are trying to market the country’s fresh fruits in order to export them at a reasonable price.
“Fortunately, we were able to export 20 tons of cherries to Kazakhstan, and our other fresh fruit is black cherry, which are ripe and almost ready to package, and we will export them to the United Arab Emirates and Kazakhstan,” he said.
The Chamber of Agriculture and Livestock also said that when problems with the issuing of visas by countries to Afghan businessmen are resolved, they can export more products.
“We have invested in the packaging and in the cold storage areas, and we have the ability to adjust and export this packaging to Europe and America based on global standards,” said Omid Haidari, head of foreign relations of the Chamber of Agriculture and Livestock.
“Unfortunately, due to the lack of air corridors and subsidies from the Ministry of Agriculture, we indirectly export fruits to India and Pakistan, and later Indian and Pakistani businessmen buy from us and export to Europe,” he added.
However, a number of investors say that if the country’s fresh fruit is not marketed, farmers and businessmen will face losses.
“Seven kilos of our watermelons are sold for fifty afghanis, seven kilos of our watermelons from Farah to here [Kabul] cost forty afghanis as fare; the farmer is really very poor,” said a trader.
According to experts, if fresh fruit and other products of Afghanistan are regularly exported, the country’s national income will increase.
Over 3,600 boxes of silkworms distributed to Herat farmers this year
Herat Directorate of Agriculture and Livestock says more than 3,500 boxes of silkworms have been distributed to farmers this year in Zinda Jan, Injil, Guzara and Pashtun Zarghun districts of the province.
This directorate has said that 80 percent of silk work is done in Zinda Jan district.
“We were able to grow about 3,600 boxes with the help of institutions, about 80 percent of which we have grown in Zinda Jan district,” said Khalil Ahmad, general director of Herat agriculture directorate.
“About 20 percent of silkworms have been grown in Injil, Guzara and Pashtun Zarghun districts, which has had good results and the financial status of the farmers has improved.”
The local officials said most work in the silk industry is done by women.
“Almost 60 percent of the silk industry is done by women,” said Ahmad Shah Qawami, head of the silk workers’ union for Zinda Jan district.
This year, the families who are engaged in raising silkworms hope to have good production, now that the silk season is over and many are working to separate the silk thread.
However, the farmers are not satisfied with this year’s market conditions.
“The silk market is weak this year, it was good last year, it was very advanced,” said a silk worker.
The silk industry in Herat has a history dating back 600 years, and many families have preserved this ancient profession.
Silkworms usually feed on the leaves of mulberry trees, which grow in these regions. The industry also provides a livelihood to hundreds of men and women in the area.
Moscow targeted by drone attack, no casualties
Pakistan, Russia launch direct shipping service
Five-day expo in Herat of domestic products draws good response
Death toll climbs as rain continues across parts of Afghanistan
Kandahar hospital gets hi-tech MRI and X-ray equipment
Britain’s King Charles III crowned in coronation ceremony
Mexico bus plunges off cliff, at least 18 die
Fiery Kohli fined again after IPL post-match row
Eight dead in second mass shooting in Serbia, police hunt killer
Arab League reinstates Syria after 12-year suspension
Tahawol: Erdogan’s win on Turkey’s presidential election discussed
Saar: Afghanistan and Iran border skirmish discussed
Tahawol: Acting PM’s visit with Pakistan’s chargé d’affaires to Kabul discussed
Saar: Border clashes between Afghanistan and Iran discussed
Tahawol: Appointment of new commercial attache in Ashgabat discussed
Science & Technology4 days ago
Microsoft chief says deep fakes are biggest AI concern
Latest News4 days ago
US wants to destabilize whole region using terrorists in Afghanistan: Russian minister
Latest News5 days ago
Amid ongoing water rights dispute, Iran says it ‘does not recognize’ IEA govt
Business4 days ago
120 Chinese companies held investment talks with IEA since takeover
Climate Change2 days ago
Pacific islands, in spotlight, to push climate change in South Korea summit
Latest News4 days ago
TVET calls for technical training curriculum support
Regional3 days ago
Belgian aid worker held in Iran freed in prisoner swap
World4 days ago
Four dead, suspect arrested in rare shooting in Japan