Connect with us


Kabul restaurants hope for better business



(Last Updated On: September 14, 2021)

Although many businesses are struggling in Afghanistan amid fears that the economy could collapse, some small restaurant owners are hopeful that business will soon improve, Reuters reported.

The power shift in Afghanistan has affected many aspects of local life.

In the first few days after the Islamic Emirate’s takeover, the impact was considerable in the country’s capital city Kabul, which was famous for restaurants serving local and international cuisines.

“We used to sell 60 to 70 kilos of meat per day. Now, that has dropped to 30 to 40 kilograms. We’ve lost half our business. Whenever we ask someone, they don’t have money – their money is stuck in the banks. There was no business in the first days of the new regime, but now it’s a bit better,” said Ajmal Khan, manager of Shinwari Restaurant.

According to the report the quality and prices of food in restaurants have been minimally impacted. Customers are satisfied with the services, however, the overall economic situation and uncertainties do not allow many to dine out.

“There is no change in the prices. Prices are the same, and so are the services. Everything is the same as before; only the bazaar has slowed down. Hopefully it gets better. Yes, I don’t come frequently now because most of the people have no steady source of income, so they can’t eat out and enjoy the company of family and friends,” said Abdul Rashid, a diner.

Government officials, bank employees and NGO workers were the main customers at restaurants. Since the Islamic Emirate takeover, many of them have stopped going to their offices. Still, restaurant owners are hopeful that the situation will get back to normal once people get back to their jobs, and banks start normal operations again, Reuters reported.

“We still have 30 percent of our customers. In front of our restaurant, there are banks, offices and directorates. Their employees don’t come here anymore. They are either at home or have left the country,” said Abdullah, a restaurant owner.


Five countries eager to invest in lithium mines in Nuristan: officials



(Last Updated On: March 24, 2023)

The Islamic Emirate officials say five countries are interested in investing in the “lithium” mining sector in Afghanistan’s Nuristan province.

Mohammad Yunus Rashid, the deputy of youth in the Ministry of Information and Culture, said that Japan, the US, China, Qatar and the United Arab Emirates are among the countries that are interested in investing in the mining sector of lithium mines in Nuristan province.

“There is a lot of interest in lithium mining at the global level, five countries have made contact with the Islamic Emirate and said that they are ready to invest in this sector,” said Rashid.

According to officials, there are high capacities for economic self-sufficiency in the country and positive changes will be made in the economic development of the country in the near future.

Economic experts meanwhile believe that if the extraction and processing of the country’s minerals are done in Afghanistan, the country can get out of the economic crisis very quickly.

“There are trillions of dollars of capacity in Afghanistan’s mines, which should be invested, the statistics should be accurate, the regions should be determined, in which areas we have what kind of mines,” said Kamaluddin Kakar, an economic expert.

In addition, members of the private sector say they are trying to invest jointly and individually with foreign investors in the mining sector. They call on the Islamic Emirate to hand over mining contracts to companies that have the ability to process in the country.

Continue Reading


Customs duties on essential food items drops by up to 70%



(Last Updated On: March 20, 2023)

The Ministry of Finance said that based on the decision of the leadership of the Islamic Emirate of Afghanistan, customs duties on basic food items have dropped by between 50 and 70 percent in the last solar year.

As a result of this decision customs duties have been reduced to the value of 6.7 million afghanis this year, the ministry said.

The decision to decrease customs duties on the food items that include flour, wheat, cooking oil, rice, and sugar, was to keep the prices down on local markets.

Continue Reading


Kunduz commerce department’s revenues rise by 48%



(Last Updated On: March 19, 2023)

Kunduz Directorate of Industry and Commerce officials say their revenues have increased by 48 percent this solar year.

According to officials, the institution has collected more than 12 million Afghanis from the extension and distribution of licenses to manufacturing companies.

Mohammad Rahim Sirat, head of Kunduz Directorate of Industry and Commerce, said they distributed licenses to 112 people and renewed the licenses for 303 people.

Meanwhile, Kunduz Municipality officials also announced that they have collected 120 million Afghanis in 11 months of the current solar year, which shows a 40 percent increase compared to the same period last year.

Tajuddin Sohak, the spokesman for Kunduz Municipality, said they collected 120 million Afghanis this year, which shows a 40 percent increase from 86 million afghanis last year.

But shopkeepers and owners of manufacturing companies in Kunduz complain about the lack of a market for their products. They say that in the past their goods used to be exported abroad, but now exports have declined.

“In the past, we used to export to Iran, Pakistan, and Iraq, but our exports have decreased compared to the past. We ask the government to cooperate with us to provide the basis for export,” Wasim Akram, an entrepreneur, said.

Local officials in Kunduz say they have always tried to facilitate trade. They express hope that in the new year their efforts for foreign marketing of manufacturing companies will produce good results.

Continue Reading


Copyright © 2022 Ariana News. All rights reserved!