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Oxygen and cotton production factories worth $4 million open in Herat 

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(Last Updated On: June 9, 2022)

An oxygen producing company and a cotton manufacturing facility, totaling $4 million, have opened in Herat’s Industrial City. 

This comes after Islamic Emirate of Afghanistan (IEA) officials called for investors to open businesses in the country. 

Herat Chamber of Industries and Mines say in the past four months, 20% of the factories have resumed operations and the necessary facilities have been provided to them to deal with customs and transportation. Currently there are about 200 factories in the city.

Officials from the new oxygen plant say they can produce 1,000 cylinders of gas a day. 

“The conditions are ready for all investors inside and outside the country. Whenever they want to invest, now is the best time. Herat is ready and a very good platform for investment,” said Nooruddin Azizi, Acting Minister of Trade and Industry.

Hamidullah Khadem, head of the Herat Chamber of Industries and Mines, said: “Approximately $1.5 million is the value of the cotton factory and about $2.5 million has been invested by the oxygen production company, of which about four million dollars we are witnessing in the opening of these companies.”

However, factory owners have raised concerns about the amount of goods, similar to domestic products, that are imported into the country. 

Herat factory owners say this is a problem for them and that they are manufacturing goods which are still being imported. 

“We have a special program with neighboring countries on importing similar goods, but we will support our domestic production at any time,” said Azizi.

“Our production has improved and sales in the market have improved. At the moment, what has been done is that similar goods are being imported from neighboring countries,” said Ismail Sakhawat, a factory owner.

Meanwhile, a new industrial town covering an area of 5,000 acres is expected to be developed. The Ministry of Industry and Trade said the process of distributing lands to industrialists will begin next month.

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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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