Business
Saffron sector faces serious challenges amid decline in demand
Chamber of Agriculture and Livestock officials said this week that due to a decrease in demand for saffron, cultivation of this spice has dropped off significantly this year.
However, Ministry of Agriculture, Irrigation and Livestock (MAIL)
officials said they are taking serious steps to improve the situation and increase cultivation of the saffron crocus plant.
Chamber officials said that in the past two years, due to the COVID pandemic, and political developments, the saffron sector in Afghanistan has faced many challenges.
Officials warned that unless serious attention is paid to the cultivation and marketing of the country’s saffron, farmers will change to other crops.
“We now see that the global saffron market has improved but cultivation has declined. We hope that the Ministry of Agriculture and Livestock will take measures to keep this sector alive,” said Mirwais Hajizada, a chamber member.
On the other hand, MAIL officials said they are trying to grow saffron cultivation in the country and from now on, smuggling of saffron out of the country will be banned.
“We are working to expand saffron cultivation in the country, as well as to prevent the smuggling of saffron out of Afghanistan,” said Mesbahuddin Mostaeen, a ministry spokesman.
Economists say the development of the country’s agricultural sector could help end Afghanistan’s economic crisis, and called on the Islamic Emirate of Afghanistan (IEA) to focus on developing this sector.
Business
Commerce ministry steps up efforts to grow export market
The Ministry of Commerce and Industry says that they have increased marketing efforts for domestic products to be sold on global markets.
Officials said markets of Central Asia and Russia are viable markets for Afghan goods and that they are trying to hold expos in these countries.
They also said that large expos of Afghan products will be held in Uzbekistan, Russia and Kazakhstan in the near future. Nooruddin Azizi, the acting minister of commerce and industry, said his ministry has increased marketing efforts in order to supply foreign markets with domestic products. He said Central Asia and Russia have proved to be stable markets for local goods.
Meanwhile, the Afghanistan Chamber of Commerce and Investment (ACCI) said there is no doubt that the markets of Central Asia and Russia are among the best markets for exported goods, but that the Islamic Emirate should pave the way for more exports and for technical issues to be resolved.
Economic experts believe that the marketing of Afghan products in global markets is one of the most important responsibilities of the relevant institutions in the government so that Afghanistan’s trade with other countries can flourish.
Afghanistan currently has good trade relations with Central Asian countries, and if these relations expand, more goods will be exported from Afghanistan, experts have said.
Business
Siberian oil and gas businessmen meet with Delawar for talks
Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.
According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.
In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.
Business
Supreme leader approves budget for 1403 solar year
The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”
This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.
As with the previous year, the budget has been drawn up exclusively using domestic revenues.
The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.
All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.
No further details were given.
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