Business
IEA sets up investment consortium with firms from Russia, Iran

The Islamic Emirate of Afghanistan’s (IEA) administration has set up a consortium of companies, including some in Russia, Iran and Pakistan, to create an investment plan focusing on power, mining and infrastructure, the commerce minister said on Wednesday.
The consortium included 14 Afghan businessmen and foreign companies who would send delegates to Kabul to look into projects worth up to $1 billion, commerce minister Nooruddin Azizi told Reuters.
Afghanistan’s economy has been severely hampered since the IEA took over in 2021, sparking the international community to cut most development funding and enforce sanctions on the banking sector.
A series of attacks waged by Daesh has also left some investors worried.
Azizi said the administration was focused on launching several long term business plans including the consortium and special economic zones, and that it was working on ensuring security.
“Lots of discussions on security have taken place in cabinet meetings also, commissions have been established and … the hiding places (of militants) have been destroyed,” he said.
“The Islamic Emirate will ensure security and will support the private sector in the security field,” he said.
As well as mining and power projects, he said the consortium was eyeing the possibility of building a second tunnel through the Salang pass that connects Afghanistan’s north to the rest of the country, and a project to divert water from northern Panjshir province to the capital as well as re-building the main highway connecting Kabul to western Herat province.
Business
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.
Business
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.
Business
Afghanistan Embassy in Ashgabat announces appointment of new commercial attache

Afghanistan Embassy in Ashgabat on Friday announced that Mohammad Haroon Saeedi has been appointed as the commercial attache of the embassy.
Saeedi was introduced in an event on Thursday that was also attended by traders and investors.
Afghan Minister of Industry and Commerce Nooruddin Azizi, addressing the event via a digital link, said that the new appointment is a major step in boosting regional cooperation.
He said that the IEA will continue to support the private sector to increase the level of exports.
Afghan Ambassador Fazl Mohammad Sabir also highlighted the role of traders and investors in expanding economic relations between Afghanistan and Turkmenistan.
He notified the traders about the investment opportunities in the Afghan state-owned companies.
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