Connect with us

Business

Iran hoping to establish trade hub in Afghanistan

Published

on

(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.

Business

Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

Published

on

(Last Updated On: April 19, 2024)

The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.

Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”

These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.

To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.

These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.

In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.

Continue Reading

Business

Export volume totals over $140 million in last month of 1402

Published

on

(Last Updated On: April 17, 2024)

The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.

This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.

Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.

Continue Reading

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

on

(Last Updated On: April 15, 2024)

The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.

According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.

The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!