Business
Tiny industrial parks to be formed in 14 Districts of Kabul: AISA
Officials in Afghanistan Investment Support Agency (AISA) have reported that small industrial parks will be built in 14 districts of Kabul city for boosting economy of the districts within the capital.
Head of the AISA has mentioned that role of Afghan women will be observed within the industrial parks.
Having suitable ground is the major problem for forming the industrial parks in Kabul, though a memorandum of understanding has been signed in between the Kabul municipality officials and AISA.
Head of AISA Mohammad Qurban Haqjo said,” We need 25 acres of lands to establish the industrial parks, in the next step we will also need security and electricity for the following parks.”
Meanwhile Kabul Governor Hamid Akram said,” We need to accelerate working activities within the districts, therefore we have Human beings power, necessary sources to build the parks, this will pave the way for young generation to access jobs and boost the economy.”
Officials in Afghanistan supporting investment agency have stated that efforts are underway to build industrial parks within the provinces of Afghanistan in the future.
Reported by Nabila Hafizi
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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