Business

Private sector calls for implementation of economic projects

Published

3 years ago

September 17, 2021

(Last Updated On: )

Afghanistan’s private sector on Thursday called on the new government to implement large, regional projects saying this will create job opportunities, which will in turn reduce poverty and increase government revenue.

“There are many opportunities in the country. TAPI, CASA-1000, Railways, Belt and Road, [these] projects should be implemented; it is very important for the country. It is beneficial for Afghanistan. Taliban (Islamic Emirate) should take it seriously,” said Khan Jan Alokozay, a member of the Afghanistan Chamber of Commerce and Investment.

Some members of the country’s craftsmen association said the Islamic Emirate should start with projects that connect Central Asia to South Asia, in order to push Afghanistan’s economy.

“Our country has the capacity to implement large projects between Central Asia and South Asia. We call on Taliban (Islamic Emirate) to address the projects, said Abdul Jabar Safi, head of the association.

The Islamic Emirate meanwhile has stated that they are focusing on projects and that work on these will start soon.

Economic analysts, on the other hand, have stated that work on such projects should be accelerated.

“Attention should be paid to these projects, in order to move to a stable economy. Afghanistan needs such projects now,” said Abdul Wasi, an economic analyst.

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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.

Published

20 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

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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Business

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.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

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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Business

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.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

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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