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Torkham Border Crossing to Remain Operational Round-the-Clock

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(Last Updated On: October 24, 2022)

The Torkham border crossing between Afghanistan and Pakistan will remain operational round-the-clock on a trial basis from Monday, Pakistani officials announced on Sunday.

Torkham is one of the busiest ports of entry between Kabul and Islamabad and serves as a major transportation and shipping site.

According to Pakistani officials, the border crossing will be operational 24/7 for two to three weeks before Pakistan Prime Minister Imran Khan formally inaugurate it.

Afghan officials welcomed the move by Pakistan, saying Afghanistan want to have close business relations with all of its neighboring countries.

“Pakistan is an important business partner for Afghanistan. We want to have better relations in order to pave facilities for our traders,” Sameer Rasa, Spokesman for the Afghan Ministry of Commerce and Industries told Ariana News.

“We hope the Afghan government pressure Pakistan to facilitate the exporting of Afghan goods to Pakistan or to other countries through Pakistan,” said Sakhi Ahmad Payman, Deputy of Afghanistan Chamber of Industries and Mines.

“I welcome the move by Pakistan because the 24/7 operation will be in the benefit of Afghanistan and Pakistan and it will increase the level of import and export between the two countries,” said Jan Aqa Nawid, a Spokesman for Afghanistan Chamber of Commerce and Investment.

This comes after bilateral trade volume between Afghanistan and Pakistan reached its lowest level due to trade barriers at Torkham border crossing.

Meanwhile, Afghanistan launched its National Air Corridor Program to several countries including India, Turkey, Saudi Arabia, European Union, Kazakhstan, China, and UAE in order to grow its economy, create employment opportunities, and decrease its independence to its neighboring countries.

Business

Afghanistan exports goods worth $1.2 billion

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(Last Updated On: December 4, 2022)

The economic deputy prime minister of the Islamic Emirate of Afghanistan (IEA), said Sunday that goods worth $1.2 billion were exported to foreign countries in the last eight months.

Mullah Abdul Ghani Baradar’s office said Saturday that as a result of the “efforts” of the IEA government, goods worth $1.2 billion dollars were exported to foreign countries in the last eight months of this year.
The statement said that this volume of export was an unprecedented step in the country’s trade history.

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Kabul hosts major domestic and international expo

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(Last Updated On: December 1, 2022)

In order to increase investment and support for the country’s domestic business sector, the first Imam Abu Hanifa National and International Expo was officially opened in Kabul on Thursday.

Attending the opening were senior Islamic Emirate of Afghanistan (IEA) officials and representatives of domestic and foreign businesses.

The expos will run for seven days, and over 600 local and foreign exhibitors are displaying their products.

In a voice message marking the opening of the event, the IEA’s supreme leader Mawlavi Haibatullah Akhundzada called on investors in Afghanistan to not rely on foreign aid and instead grow the country’s economy.

“The economy of a country is built when its people work together and do not rely on foreign aid,” said Akhundzada in the voice message.

Abdul Salam Hanafi, the second Deputy Prime Minister of the IEA, said security has returned to the country which has created opportunities for investment. He also said the IEA supports the country’s manufacturing sector.

Hanafi added that if national businessmen are asked for bribes by officials in government offices, they have the right to complain and that corrupt staff will be dealt with.

“No one in government can bribe a national businessman. We are ready to prosecute any government official who asks for a bribe from a national businessman according to Islamic principles,” he said.

Nooruddin Azizi, Minister of Industry and Commerce, also said that supporting domestic production is vital for the economy of a country.

“We should all support domestic products not only in words but also in actions,” he said.

The spokesman of the Islamic Emirate pointed out at the event that in holding the expo, Afghanistan has taken a step towards self-sufficiency and the goal of the Islamic Emirate is to grow the country’s economy following the withdrawal of the American military.

He considers the performance of traders, investors and the Chamber of Commerce to be effective in attracting domestic and international investors in Afghanistan.

“At the moment, domestic and foreign investors have a good opportunity to come and invest in different fields in Afghanistan,” said Zabihullah Mujahid.

In addition, Chamber of Commerce and Investment officials expressed hope that the expo can provide an opportunity for Afghan businessmen to communicate with foreign businessmen.

The expo meanwhile was rolled out without foreign aid.

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IEA minister meets with head of TAPI project

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(Last Updated On: December 1, 2022)

The Islamic Emirate of Afghanistan’s (IEA) minister of mines and petroleum met with the executive director of the TAPI project, Mohammad Murad Amanov, in Kabul and said the project was important on a number of levels including that of job creation.

The minister, Sheikh Shahabuddin Delawar, stated in the meeting that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project was one of the country’s major socio-economic projects.

He said not only will the roll out of the project provide job opportunities but it will also encourage investment.

“Since Afghanistan is in a good security situation, we should utilize this opportunity and start the practical work of the TAPI project as soon as possible with the cooperation of Afghanistan and Turkmenistan,” he added.

Speaking about the plans and progress of the project, Amanov said that Turkmenistan is striving to start work on the TAPI pipeline as soon as possible.

He said that he will soon announce a specific plan on the construction of gas distribution reserves in Herat.

TAPI project will transfer Turkmen gas to India through Afghanistan and Pakistan.

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