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MoIC ships large consignment of Afghan products to Europe

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The Islamic Emirate’s Ministry of Industry and Commerce (MoIC) says the largest shipment to date of Afghan exports was dispatched on Saturday to Europe.

According to officials, 120 tons was sent overland. Of this seven tons was saffron and the rest was goods that included dried fruits and carpets. The export volume is worth $2 million.

MoIC officials meanwhile stated that they support the businessmen of the country and will help solve their problems but stated the expansion of economic activities depends on investment by businessmen.

“Our country’s products such as dried fruit, saffron and cotton have been sent to European countries many times in the past, as well as to Canada and Australia,” said Qudratullah Jamal, deputy minister of Industry and Commerce.

On the other hand, Afghanistan Chamber of Commerce and Investment (ACCI) has called on local businessmen to invest in the country.

“Today, a large shipment of 120 tons worth several million dollars is being shipped from Afghanistan, which is not only dried fruit but also saffron, carpets and minerals, which are actually exported to foreign countries via Karachi, Haritaan and Bandar Abbas ports,” said Khanjan Alkozi, a member of the ACCI.

This comes after Afghanistan exported about 12 tons of pine nuts, and eight tons of raisins and pistachios to Germany through Islam Qala port last month.

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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.

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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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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.

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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.

 

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Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

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The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

 

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