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Kabul residents complain of rising food and oil prices

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(Last Updated On: March 11, 2022)

Residents and motorists of Kabul city have called on the Islamic Emirate of Afghanistan (IEA) to control the rising cost of food and fuel.

Kabul residents said the sharp increase in prices has created enormous problems for city residents.

“We don’t have the ability to buy necessary materials. We urge IEA to solve the problem soon,” said Ezatullah, a Kabul resident.

“We can’t cope with such prices during [times of] unemployment. Our situation is bad. We have no jobs, and prices have increased,” said Mohamad Shakar, another Kabul resident.

Meanwhile, businessmen said that the volume of fuel being imported into Afghanistan has dropped significantly in recent months and that the high price of oil on the foreign market has resulted in an increase in local prices.

One liter of petrol currently sells for 79 Afghanis (AFN), one liter of diesel for 82 AFN and one kilo of gas goes for 90 AFN in Kabul bazars. (1 US dollar = 87 AFN)

“We buy oil at high prices and we are forced to sell it high. It is not only affecting Afghanistan, the whole world [is affected],” said Hasibullah, fuel importer.

Afghanistan Chamber of Commerce and Investment (ACCI) said that the Ukraine crisis is the main reason for the escalating price of fuel.

“We import oil from Turkmenistan, their prices are not stable, however, the Russian prices are stable. Some people misuse opportunities,” said Khan Jan Alokozay, deputy head of ACCI.

Economic analysts agree that the Ukraine crisis is affecting the price of oil but still called on the IEA to control prices.

“The management of the crisis is possible. Islamic Emirate should take care of it, in order to prevent the problem from getting worse,” said Kamaludin Kakar, an economic analyst.

Ariana News reporter tried to reach the Ministry of Commerce and Industry but was not able to get comment despite repeated attempts.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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