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New Plan For Boosting Economy to Be Sent To President Ghani:ACCI

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(Last Updated On: October 25, 2022)

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Officials in Ministry of Commerce and Industries have made a draft ready to be sent to the president Ghani for removing the challenges and boost the economy of the country.

After signing of the mutual security agreement in between Kabul-Washington the Afghan businessmen have come together to find better solution boosting their business in the country.

After listing the existed challenges, the most priority one was insecurity, and corruption within the country.

They have also urged that after their plan to get signed and reviewed by the President Ashraf Ghani Ahmadzai some of the challenges within the plan will be discussed on the London session.

Head of Afghanistan Chamber of Commerce and Industry Atiqullah Nusrat said,” after signing of the mutual security pact with USA it created a new page for the economy of Afghanistan, according to officials President Ghani has promised to pay deep attention for the private sectors to play important role in the economy of the country.”

However the President Economy advisor Omer Zakhialwal has claimed that International community has cut the speed of their aids to Afghanistan and he also hoped to draw the attention of the International community to increase their aids to Afghanistan in London session in coming future.

London session will soon be held by the mutual cooperation of the Afghanistan- Britain at the end of the 2014 in London and Afghan officials in ACCI will present a plan for improving of the Afghanistan Economy to the World to draw their attention for increasing their financial aids investments in the country.

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(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.

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

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(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.

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DAB declares online currency exchanges illegal

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(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.

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