Business

Iran’s non-oil exports to Afghanistan up 4%

Published

8 months ago

November 24, 2023

(Last Updated On: )

The value of Iran’s non-oil exports to Afghanistan increased by four percent during the first seven months of the current Solar year, as compared to the same period of time in the past year, the Tehran Times reported.

According to Ruhollah Latifi, the spokesman of the International Relations and Trade Development Committee of Iran’s House of Industry, Mining and Trade, Iran exported non-oil commodities worth $975 million to Afghanistan in the seven-month period of this year.

Latifi said Iran has a 35 percent share in Afghanistan’s import market, which is a considerable figure in bilateral trade ties.

Mohammad-Mehdi Javanmard-Ghassab, the economic adviser of the Iranian president’s special envoy on Afghanistan affairs, stated that the country is seeking to export technology, technical know-how as well as technical and engineering services to Afghanistan.

Increasing the production of Iranian products in Afghanistan is also on the agenda, he emphasized.

According to Mohammad Ghanadzadeh, the deputy head of Iran’s Trade Promotion Organization (TPO), the trade between Iran and Afghanistan has increased by 20 percent in the current Iranian calendar year (started on March 21).

Ghanadzadeh said Iran is ready to cooperate with Afghanistan in the country’s development and reconstruction projects, Tehran Times reported.

The Iranian and Afghan governments are taking some prominent measures to boost trade between the two countries.

In early March, Iran’s trade center and permanent exhibition of Iranian products was inaugurated in Kabul with the aim of developing trade relations between the two countries.

Then in late July, a joint exhibition of products made in Iran and Afghanistan was held in Herat.

More recently the two countries signed five memorandums of understanding (MOUs) on cooperation in different economic sectors.

The MOUs were signed in a ceremony on November 9 in the presence of Iranian Agriculture Minister Mohammad-Ali Nikbakht, President Raisi’s special envoy for Afghanistan Hassan Kazemi Qomi, and Deputy Prime Minister for Economic Affairs of the Islamic Emirate of Afghanistan Mullah Abdul Ghani Baradar.

The MOUs include the cooperation document of the Iran-Afghanistan Joint Economic Committee meeting, the document of the two sides’ Joint International Road Transport Cooperation Committee meeting, the MOU between Iran’s Civil Aviation Organization (CAO) and the Afghan side, the MOU between Iran’s Esfahan Steel Company and the Afghan side, and the MOU between Iran’s Secretariat of Free Trade and Special Economic Zones and the Afghan sides, Tehran Times reported.

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Contract worth $113 million signed for e-scanners at Afghan ports

According to the deal, 33 scanners will be installed at the country’s 12 ports to bolster security and curb smuggling.

Published

39 mins ago

July 27, 2024

Ariana News

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A contract worth $113 million was signed on Saturday for the installation of electronic scanners at the country’s customs units at border crossings.

According to the deal, 33 scanners will be installed at the country’s 12 customs units to bolster security and curb smuggling.

The scanners will be installed at Torkham, Hairatan, Spin Boldak, Islam Qala, Torghundi, Nimroz, Abu Nasr Farahi, Khost, Paktia, Aqina, and Sher Khan ports to ensure comprehensive screening of all types of goods, the Office of the Deputy Prime Minister for Economic Affairs said in a statement.

The contract was signed between the Ministry of Finance and a private company.

The project is slated for completion within two years, providing approximately 2,000 job opportunities and representing a significant step forward in modernizing the country’s customs infrastructure, the statement said.

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$23 million pharmaceutical company opens in Kabul

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Published

23 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

A new pharmaceutical company, costing $20 million, was officially opened on Thursday in Kabul in the presence of Islamic Emirate leaders, including Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The new company will reportedly manufacture 50 different types of drugs once fully operational.
Addressing the launch ceremony on Thursday, Baradar outlined the importance of quality in terms of pharmaceuticals and said poor-quality drugs threaten lives while good-quality medicines can save lives.

Baradar also pointed out that more manufacturing companies like this will help grow the country’s economy.

He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

Health officials meanwhile said that currently there are 77 pharmaceutical companies in the country and that serious efforts are being made to make the country self-sufficient in this regard.

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

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Business

Sugar exports to Afghanistan resume after four year break

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.