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IEA lowers tax for small businesses

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The Islamic Emirate of Afghanistan (IEA) has lowered the tax rate for small businesses from 1.5 percent to 0.5 percent.

The Ministry of Finance said in a statement Monday that the move would encourage small business owners to grow their businesses and that it would motivate unemployed people to start up businesses.

According to the statement, the move would ultimately help reduce poverty levels and would increase economic growth of the country.

The private sector welcomed the move, saying it would help small businesses flourish.

Abdul Jabar Safi, head of the Afghanistan Industrialists Association, urged the government to also reduce taxes for factory and industry owners. He said this would also increase the government’s revenues as factory owners would not default on paying taxes if they were lowered.

Last month, the IEA announced an exemption for small businesses that owed taxes and tax penalties.

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Pakistan blocks 300 trucks carrying fruits and vegetables from Afghanistan

Based on the embassy’s statement, Afghan businessmen’s trucks have been stopped at Torkham, Spin Boldak and Kharlachi crossings due to lack of temporary admission document (TAD).

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Afghanistan’s Embassy in Islamabad announced on Friday that Pakistan has prevented the entry of 300 trucks carrying fruits and vegetables from Afghanistan.

Officials of the Afghan embassy in Islamabad, in a meeting with Maria Kazi, Joint Secretary (Foreign Trade) at Pakistan’s Ministry of Commerce, called for allowing the vehicles to unload goods at their final destinations.

Based on the embassy’s statement, Afghan businessmen’s trucks have been stopped at Torkham, Spin Boldak and Kharlachi crossings due to lack of temporary admission document (TAD).

Referring to the export season of Afghanistan’s fresh fruits and vegetables, the delegation of the Afghan embassy also expressed concern over the imposition of higher taxes on Afghanistan’s exports and considered this action to be detrimental to Afghan farmers and Pakistan’s domestic market.

The delegation of the Afghan embassy asked Pakistan to apply exemptions again, considering the past practice, until the preferential trade document between the two countries is finalized.

Meanwhile, Kazi, while expressing agreement about the clearance of the mentioned trucks, assured of expediting the process of issuing the temporary admission document and solving the problems of the Afghan truck drivers.

This comes as Afghan and Pakistani authorities agreed in recent months that truck drivers from both sides will need temporary admission document to travel between the two countries.

 

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Afghan nationals have invested $3 billion in Iran

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

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Iranian media, citing Mahmoud Siadat, the head of the Iran-Afghanistan Chamber of Commerce, have reported that Afghan citizens have invested about $3 billion in Iran.

According to ISNA, Siadat said this week: “Today, more than 50 percent of foreign companies registered in Iran are Afghan companies.”

He also stated that Afghan nationals are the largest group of foreign investors in Iran.

According to Siadat, private sector organizations in the field of trade with Afghanistan and the joint chamber of the two countries are important and vital for the growth of the economy.

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

 

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Iran’s non-oil exports to Afghanistan increases in first three months of 1403

Investing in Afghanistan mines can be profitable for Iranian industry: Qiafeh

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Three-day emerald exhibition held in Panjshir

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

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The Ministry of Industry and Commerce (MoIC) said Wednesday in a statement that the first three-day emerald expo was held in Panjshir in the hope of boosting exports.

He said the three-day expo was organized in cooperation with the Ministry of Industry and Commerce in order to boost exports, display handicrafts and local culture, develop livestock farming and agricultural products, medicinal plants, and encourage people to use domestic products and attract investment, a statement read.

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

 

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Forty new emerald deposits found in Panjshir


Panjshir’s emeralds mined and sold legally for the first time: officials

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