Business
Terrorists Indirectly Receive Parts of Mine’s Revenue in Nangarhar :MoMP
Officials in Ministry of Mines and Petroleum have expressed concerns over illegal extraction of the mines in Nangarhar saying terrorist specially Taliban and Daesh militants are being beefed indirectly by digging mines.
Chief office of Projects in Ministry of mines and petroleum Zabiullah Sarwari said, “Terrorists especially Taliban, Daesh are doing illegal activities to end up receiving parts of the mines revenue indirectly in Nangarhar.”
Sources in Nangarhar province also stated Daesh and Taliban are excavating mines in Askamina and Kot districts of Nangarhar province, and the incomes of illegal mine extraction is being deposited in their pockets, officials have also confirmed illegal excavation of mines in insecure areas of Nangarhar.
Chief department of mines in Nangarhar Sayed Saleh Shinwari said, “We confirm illegal excavation of mining in Sherzad and Pacheragam districts, in most cases insurgents are creating problems and stopping us working on mines.”
Meanwhile security officials have claimed that 80 percent of the mines are being secured by Afghan security forces at the entire country, but some mines are being extracted by the insurgents and powerful figures.
Ministry of Interior Affairs Deputy Spokesman Najeebullah Danish said, “Unfortunately some of the mines are being excavated by the local powerful figures, efforts are underway to stop illegal extraction of mines in Afghanistan.”
Afghan economy experts believed that Afghanistan will become a welfare country, if the $ 3 trillion mines to be excavated legally and transparently by the Government of Afghanistan.
Reported by: Fawad Nasiri
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
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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