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IEA’s supreme leader meets traders and manufacturers in Kandahar

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(Last Updated On: June 21, 2022)

The Islamic Emirate of Afghanistan’s (IEA) supreme leader, Haibatullah Akhundzada, met with dozens of traders and manufacturers in southern Kandahar province on Monday.

During the meeting, Akhundzada called on the private sector to take effective steps for development and independence of Afghanistan’s economy, state-run news agency Bakhtar reported.

He said that the IEA is committed to resolving problems that traders and manufacturers are facing.

“We welcome the Amir-ul-Mominin’s move. The private sector representatives are now fully assured that IEA supports them and they can invest freely in Afghanistan,” said Abdul Nasir Reshtya, a member of the Chamber of Industries and Mines.

Economic experts believe the smaller the gap between the private sector and the government, the more chance the private sector will have to develop and there will be greater interest in investing in Afghanistan.

“We welcome such meetings. It could encourage the private sector to invest in the country with full security assurance,” said Shabir Ahmad Bashiri, an economic expert.

IEA has held several meetings with members of the private sector in the past 10 months.

Recently, the IEA, under the guidance of acting deputy Prime Minister Mullah Baradar, who also heads the economic commission, established the new state-run investment company called Afghan Invest.

Officials said Afghan Invest, a limited liability company, with a capital of $250 million, was recently inaugurated as a result of Baradar’s efforts.

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Freight trains to Afghanistan via Hairatan-Mazar-e-Sharif suspended

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(Last Updated On: February 2, 2023)

The Afghanistan Railway Authority has announced that the transportation of goods on the Hairatan-Mazar-e-Sharif railway line from Uzbekistan has been stopped until further notice.

Zabihullah Mujahid, the spokesman of the Islamic Emirate of Afghanistan (IEA), said the railway line from Uzbekistan has been temporarily closed.

He stated that there is no problem in the technical and operational aspects of the Afghan Railways, and added that there was a shutdown by Uzbekistan.

Calling the closure of this railway line temporary, Mujahid asked traders to be patient and import essential goods using the Akina-Andkhoy railway line.

In explaining the reason for the temporary closure of the Hairatan-Uzbekistan railway line, the Afghan Railway Authority noted that it has been working to transfer management affairs of the line for the past three months. The authority also said a delegation from Afghanistan will meet with officials in Uzbekistan in the next few days to finalize the final memorandum on this matter.

Afghan Railway Authority added: “After signing this memorandum, the process of transfers from Hairitan-Mazar-e-Sharif route will start again and will continue normally.”

The Afghanistan Railway Authority announced last month that as a result of negotiations between the Afghan side and officials from Uzbekistan Railways, the responsibilities of the Hairatan-Mazar-e-Sharif railway line were handed over to Afghanistan by Uzbekistan.

Afghanistan Railway Authority said management of the line had for 11 years been provided by an Uzbek company, Sogdiana Trans.

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Iran hoping to establish trade hub in Afghanistan

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(Last Updated On: February 1, 2023)

Iran’s deputy minister of trade Mohammad Mousavi said Tuesday in a meeting that Tehran is considering setting up a trade center in Afghanistan in the near future.

According to Mehr News Agency, Mousavi expressed hope that the establishment of this center will strengthen ties between Kabul and Tehran.

He did not however say where the center would be situated.

Addressing the meeting, titled “Trade opportunities between Afghanistan and Iran” he said Tehran’s wanted to invest in Afghanistan and participate in the country’s “sustainable growth”.

At the same time, Afghan officials have said that the volume of imports from Iran, such as food and fuel, has totalled more than $1 billion so far this solar year (from April 2022).

According to the officials, Afghanistan’s export volume to Iran was much lower and totalled only $20 million.

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Afghanistan’s exports to India total almost $200 million in past 9 months

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(Last Updated On: January 31, 2023)

The Ministry of Industry and Commerce (MoIC) says over the past nine months, Afghanistan has exported goods to India worth $159 million, most of which was asafetida, saffron and pistachio nuts.

The MoIC officials said Tuesday they would try to expand economic relations between Kabul and New Delhi because India can become one of Afghanistan’s major economic partners.

“In the last nine months, our exports to India totalled $159 million,” said Abdul Salam Akhundzada, a spokesman for the MoIC.

According to MoIC’s officials, Afghanistan has imported goods worth $291 million from India in nine months, and the total trade volume is $450 million.

“The important goods we exported were pistachio, cumin, raisins, saffron and asafetida seeds, and we imported sugar, medical spices and various clothes from India,” said Akhundzada.

“And our imports from India totals $291 million.”

However, the Afghanistan Chamber of Commerce and Investment (ACCI) has said that there are currently problems with the export and import of goods from India but once these problems are solved, the trade volume will amount to $1 billion.

Meanwhile, the commodities are being transported from Afghanistan to India and vice versa via the air corridor, Wagah port in Pakistan and Bandar Abbas in Iran.

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