Business
Turkmen FM in Kabul to discuss bilateral cooperation
Turkmenistan’s Foreign Affairs Minister Raşit Meredow arrived in Kabul on Friday to discuss issues around bilateral cooperation with the Afghan officials.
In a statement released on Friday, the Afghan Ministry of Foreign stated that the Turkmen official received by Mirwais Nab, Deputy Minister Foreign Minister for Political Affairs at the Kabul’s Hamid Karzai Airport.
بازدید وزیر امور خارجۀ ترکمنستان از کابل pic.twitter.com/J2Vd30YPJB
— Ministry of Foreign Affairs – Afghanistan 🇦🇫 (@mfa_afghanistan) January 8, 2021
According to the statement, Meredow will meet with President Ashraf Ghani, Foreign Minister Mohammad Hanif Atmar, and NSA Hamdullah Mohib to discuss cooperation agreements between the two countries.
The Turkmen official expected to discuss the inauguration of Akina to Andkhui Railway line project, Electrical Energy Project from Kerki – Andkhoi – Puli Khumri; and the Fiber Optic Cable line extending internet connection from Turkmenistan to Afghanistan.
Meadow would also sign several Memorandum of Understandings (MoUs) with the Afghan officials, including an MoU on Political Consultation, an MoU on Agriculture Quarantine, an MoU on Security and Protocol, and an MoU on issues related to Gas and Oil, the statement concluded.
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.
-
Sport3 days agoAfghanistan’s record partnership highlights fourth day of Test against Zimbabwe
-
World3 days agoHouthi-run health ministry says airstrikes kill 33 near Yemen capital
-
Sport4 days agoToofan Herat defeat Arman FC 2–0 in Afghanistan Champions League
-
Sport5 days agoAbu Muslim Farah claim convincing 3-0 win over Omar Zawak in ACL
-
Regional4 days agoPakistan’s leaders dread US Democrats’ win but its households are praying for it
-
Sport3 days agoAfghanistan thrash Senegal 6-0 to reach Dakar Youth Olympics futsal semi-finals
-
Sport2 days agoPortugal beat Afghanistan 2-0 in Dakar Youth Olympics futsal semi-finals
-
Business4 days agoUK-Afghanistan trade falls 16.7% to £70 million over 12 months
