Business

Turkmenistan begins exporting gas to Pakistan via Afghanistan

Published

1 year ago

April 30, 2023

(Last Updated On: )

Local authorities in Kandahar province say an international company has officially started exporting natural gas from Turkmenistan to Pakistan through Afghanistan.

The Chamber of Commerce and Investment says that the route overland through Afghanistan is a lot shorter than the one the company previously used through Iran.

By rerouting tankers through Afghanistan, the country will benefit financially, chamber officials said.

Officials said the first consignment included 50 tankers of gas which entered Pakistan through Spin Boldak port in Kandahar.

“This year, our exports are approximately $1,868 million, which shows a significant increase. I sincerely thank the leader of the Islamic Emirate of Afghanistan, Amirul Momineen Sheikh Hebatullah Akhundzadah, who made the environment favorable for all businessmen and investors and considers them the economic army of Afghanistan,” said Mohammad Yonus Mohmand, deputy head of the Chamber of Commerce and Investment.

Officials at Kandahar Customs say that in 1400 solar year, 22,891 cargo containers were sent to Central Asian countries through Afghanistan, and in 1401, 53,679 consignments were dispatched.

“Gas is a dangerous and highly flammable substance. God willing, there will be no delay in its transfer,” Mohammad Hamid Hamid, head of Kandahar Customs, said.

Since Afghanistan is located between Central Asia and South Asia, the transfer of goods can revive Afghanistan’s economic position in the region and play a significant role in regional connectivity.

Related Topics:#َAfghanistan featured Gas Kandahar Turkmenistan

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$23 million pharmaceutical company opens in Kabul

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Published

16 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

A new pharmaceutical company, costing $20 million, was officially opened on Thursday in Kabul in the presence of Islamic Emirate leaders, including Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The new company will reportedly manufacture 50 different types of drugs once fully operational.
Addressing the launch ceremony on Thursday, Baradar outlined the importance of quality in terms of pharmaceuticals and said poor-quality drugs threaten lives while good-quality medicines can save lives.

Baradar also pointed out that more manufacturing companies like this will help grow the country’s economy.

He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

Health officials meanwhile said that currently there are 77 pharmaceutical companies in the country and that serious efforts are being made to make the country self-sufficient in this regard.

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

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Sugar exports to Afghanistan resume after four year break

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

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Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

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