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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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Talks with neighboring countries underway for fresh fruit exports: Azizi

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(Last Updated On: May 10, 2024)

Acting Minister of Industry and Commerce Nooruddin Azizi has said that talks with neighboring countries have started for the export of fresh fruit this year.

Azizi added that the Ministry of Industry and Commerce wants the country’s fresh fruit to be exported to Uzbekistan, Kazakhstan and Iran in addition to Pakistan.

Members of the private sector call on the Ministry of Industry and Commerce to step up efforts to find new markets for Afghan exporters.

“We ask the authorities to determine the export routes before the harvesting season. We should find new markets instead of Pakistan. There is capacity for Afghanistan’s exports in the region, and action should be taken in this regard,” said Mirwais Hajizada, the deputy of Chamber of Agriculture and Livestock.

Economic experts say that the Ministry of Industry and Commerce should hold talks with Iran and Uzbekistan in addition to Pakistan for Afghanistan’s exports.

“There are many opportunities to sell our products in markets other than Pakistan. I hope the authorities will think about this. Grounds should be paved to access the markets of South Asia and the Gulf countries through Iran, and the markets of Central Asia through Uzbekistan,” said Mohammad Nabi Afghan, an economic expert.

Members of the private sector say that although Pakistan is the closest and largest market for Afghanistan’s dry and fresh fruits, doing business with it has always been challenging.

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Pakistan, Uzbekistan reaffirm commitment over rail project

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(Last Updated On: May 9, 2024)

Pakistan and Uzbekistan on Wednesday reaffirmed their commitment to early implementation of the Uzbekistan-Afghanistan-Pakistan Railways project which will boost trade within the region.

In a statement issued by Pakistan’s foreign office after a meeting in Islamabad between visiting Foreign Minister of Uzbekistan Bakhtiyor Saidov and Pakistan’s Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, the project “would give boost to bilateral and regional trade and become a bridge between South and Central Asia.”

Prime Minister Shehbaz Sharif also met with Saidov and emphasized the importance of the railway project and Pakistan’s commitment to its early completion.

Pakistan, Uzbekistan and Afghanistan had in February 2021 agreed to build a railway line across Afghanistan to connect Central Asia with Pakistani ports at an estimated cost of $4.8bn.

The railway project, spanning 760 kms, is scheduled for completion by the end of 2027, with the capability to transport up to 15 million tonnes of goods annually by 2030.

This rail link will notably decrease cargo delivery time between Uzbekistan and Pakistan by around five days, while also slashing transportation costs by at least 40 percent.

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Tatarstan businessmen keen to invest in Afghanistan’s oil and gas sector

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(Last Updated On: May 8, 2024)

The Ministry of Mines and Petroleum says that the head of the ministry has met with a number of visiting businessmen and representatives of oil and gas processing companies from the Republic of Tatarstan.

The ministry said at the recent meeting, the visiting businessmen outlined their experience and work in the field of oil and gas extraction and processing.

In a post on X, the ministry quoted the Tatarstan group as having acknowledged an “orderly system” in Afghanistan with complete security and favorable grounds to invest.

The visitors said at the meeting their companies are considering the possibility of investing in the survey, exploration and extraction processes of oil and gas in the country, as well as the refinement stage.

Shahabuddin Delawer, Acting Minister of Mines and Petroleum, welcomed the group’s enthusiasm and said “fortunately, Afghanistan has rich oil and gas resources in various areas,” adding that currently agreements are being drawn up regarding Herat’s oil and gas blocks – something which Tatarstan businessmen could invest in.

Delaware said that the Ministry of Mines and Petroleum is ready to cooperate in accordance with the relevant laws in order to facilitate investment.

Tatarstan, officially the Republic of Tatarstan, is a republic of Russia located in Eastern Europe.

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