Business

Mullah Baradar: Soon we will have sufficient domestically produced electricity

Published

11 months ago

May 11, 2023

(Last Updated On: May 11, 2023)

Mullah Abdul Ghani Baradar Akhund, Economic Deputy of the Prime Minister, on Thursday said that soon Afghanistan will have sufficient electricity, produced locally, to service the country.

Speaking at the opening of the Kabul International Expo on the occasion of “Industry Week” he said industry and production are the backbone of the country’s economy.

“Electricity is necessary for industry and production, so I am giving good news to all citizens and especially industrialists that soon we will have sufficient domestically produced electricity,” Baradar said.

Baradar also said a country can develop when it has a strong industry and from this aspect, it is not only self-sufficient, but also exports its products to the rest of the world.

“Due to the unfortunate long wars and the lack of commitment and unwillingness of the rulers, Afghanistan has not been allowed to move fast economically, but Alhamdulillah, with the arrival of the Islamic Emirate, basic steps have been taken for the country’s economic growth, he added.

He also assured manufacturers and producers that if they guarantee quantity and quality of domestically manufactured goods, the IEA will raise tariffs on the same products that are imported so as to boost the local market.

Baradar called on Afghan investors living abroad to return to their country, invest in Afghanistan and take an active role in the recovery of the country’s economy.

“The Islamic Emirate stands by all industrialists and considers any kind of support as its responsibility,” Baradar said.

Baradar also thanked manufacturers who have already invested in various sectors.

The Kabul International Expo opened on Thursday and is showcasing domestic products in support of local businesses. A total of 550 local manufacturers are exhibiting products that encompass about 50 different sectors.

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Business

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

Published

2 days ago

April 17, 2024

Ariana News

(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.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

4 days ago

April 15, 2024

Ariana News

(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.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

6 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.