Business
Three-day expo for Afghan products held in Kabul
The Ministry of Economy says more than 200 companies are showcasing their products at a three-day expo in Kabul titled “our homeland, our production”.
Abdul Latif Nazari, deputy minister of economy, attended the expo and said that the Islamic Emirate supports domestic production and start-up industries, but added that sanctions, restrictions, and freezing of foreign exchange reserves have prevented the government from launching large economic projects.
“Sanctions, political goals and the freezing of Afghan assets have stopped the progress of large projects,” said Nazari.
“We support small and medium industries, even if they are new because they play a positive role in the self-sufficiency of Afghanistan’s economy,” he added.
He also said that the Ministry of Economy has developed an economic policy that includes supporting the private sector, restarting incomplete projects, institutionalizing domestic production, attracting development aid along with humanitarian aid, and creating a scientific environment for production and investment.
“In our economic diplomacy, in addition to attracting humanitarian aid, we talked to the international communities, organizations, and institutions to start their development projects and development aid in Afghanistan and to finish the incomplete projects of the former government, whose work is still 90% completed,” he said.
In addition, the head of the Chamber of Commerce and Investment, Mohammad Yonus, said that investors are supported by the government more than ever.
“I call all the investors, whether domestic or foreign, to come and invest for the development of Afghanistan because the conditions in the country are very favorable at the moment,” said Yonus.
Mumtaz Yusufi, the head of the Women’s Chamber of Commerce and Industry meanwhile said that women entrepreneurs also participated at the expo.
“There are 40 tables from Afghanistan Women’s Industries Chamber in this expo, which are from different sectors,” she said.
This is the second expo of Afghan products to be held in Kabul in the past few weeks.
Business
Iraqi intelligence report alleges oil smuggling network supplying Afghanistan and Turkey through Iran
The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.
An Iraqi intelligence report obtained by Sky News Arabia has revealed alleged large-scale crude oil smuggling operations from northern Iraq into Iran, where the oil is reportedly refined and later sold in regional markets, including Afghanistan and Turkey.
According to the report, shipments of crude oil are transported through land routes and unofficial trade channels into Iranian territory, where they undergo refining and processing before being re-exported to foreign markets.
The intelligence findings suggest that the alleged network is designed to bypass international sanctions and facilitate the movement of petroleum products outside official trade and financial monitoring systems.
The report further indicates that smuggling networks rely on informal transportation routes and cross-border commercial channels to maintain the collection, processing and distribution of oil products while avoiding regulatory oversight.
The revelations have raised concerns over cross-border smuggling, the loss of national resources and the potential impact of illicit oil trade on regional economies.
Security and political observers say the reported activities could put additional pressure on Iraqi authorities to strengthen border controls, monitor oil transportation routes and improve coordination with regional and international partners.
However, the allegations outlined in the intelligence report have not been independently verified, and further details about the networks involved, the quantities of oil transported and the scale of supplies reaching Afghanistan and Turkey remain unclear.
The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.
Business
$30 million pharmaceutical investment launched in Herat as new production line opens
Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.
The foundation stone has been laid for three new pharmaceutical production blocks at Ovison Pharma in Herat, with an investment of $30 million, while the factory’s new serum and injectable production line has also been inaugurated.
The new production blocks will be constructed on a 3,000-square-metre site, with each facility planned to have five floors. Equipped with advanced machinery and designed to meet international standards, the expansion is expected to significantly increase the factory’s pharmaceutical production capacity.
Meanwhile, the newly inaugurated serum and injectable production line is capable of producing up to 100,000 packages of serum per day.
The expansion marks a significant step toward strengthening Afghanistan’s pharmaceutical industry, increasing domestic production and reducing the country’s reliance on imported medicines.
The investment is also expected to support the development of local manufacturing capacity and improve access to domestically produced pharmaceutical products.
Business
Afghanistan approves new foreign investment policy in bid to attract international investors
The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.
Afghanistan’s Economic Commission has approved a new foreign investment policy aimed at attracting international investors, improving investment opportunities and supporting the country’s economic growth.
The decision was made during the commission’s regular meeting, chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, at the Marble Palace on Monday.
According to the Deputy Prime Minister’s Office for Economic Affairs, the proposed policy was presented by a committee established under the leadership of the economic deputy office. Following a comprehensive review and consideration of the commission’s recommendations, the policy was approved.
The policy aims to regulate foreign investment activities, facilitate investment procedures, create a favourable environment for investors, ensure investment security and promote Afghanistan’s economic growth and development.
During the meeting, the commission also approved a proposal concerning the payment of fixed taxes by commercial import companies at the country’s customs offices.
Officials said implementing the proposal would create additional facilities and simplify procedures for importing businesses.
The decisions have been forwarded to the office of the Supreme Leader of the Islamic Emirate for final approval.
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