Tag "Afghanistan industries"
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ACCI unhappy about separation of industry section
The Afghanistan Chamber of Commerce and Industries (ACCI) has voiced their concerns over the separation of the industry sector from the chamber. President Ashraf Ghani ordered a creation of a special chamber of industries and mines on May 2. The
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30 new factories established in Nangarhar this year
Afghanistan’s eastern Nangarhar province has witnessed 70% increase in industrial activity with the establishment of 30 new factories at Sheikh Misri Industrial Zone of the province in the past six months. The province’s business community along with Afghanistan Chamber of
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4 marble processing plants inaugurated in Nangarhar province
Four marble processing plants worth USD 6mn were officially inaugurated on Tuesday in Nangarhar province. According to the province’s officials, the processing plants are built in Sheikh Mesri industrial park in Surkhrod district of Nangarhar province. The processing plants generate
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Industrial problems in Afghanistan
By: Waseequllah Afghanistan, known as the heart of Asia, is one of the most important countries in the region for its strategic location. However, the 35 years of war has left the nation in shambles. Being in a state of
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Jawzjan-Balkh gas pipeline to be completed in two years
Afghan Mines Minister Daud Shah Saba and local officials in Dehdad district of Jawzjan province inaugurated the construction works on a 95-km gas pipeline stretching from Dehdad to Bargah area of Balkh province. The gas pipeline is expected to meet
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Afghan gov’t hikes customs duty on certain imports
The Ministry of Finance (MoF) plans to increase import duties on tissue paper and cardboard box imports in a bid to boost domestic production of the materials. Customs duty on tissue paper and cardboard box will be hiked by 30%
Read MoreAfghanistan’s new unity government to serve as a green signal for investors
Afghanistan’s industrialists are optimistic about the formation of the new unity government and believe it might boost foreign investment. Addressing a press conference in Kabul on Saturday, Deputy Head of the Afghanistan Association of Industrialists (AAI) called on the new
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America to pledge millions of dollars for the growth of Afghanistan’s private industries
America has promised to provide USD 180mn in the next four years to support small and medium industries in Afghanistan. The United States Agency for International Development (USAID) with collaboration from the Afghanistan Chamber of Commerce and Industries (ACCI) launched
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5 new factories opened in Kandahar’s Industrial Park
Five more factories have been established in the industrial park of Kandahar, where there are 72 factories already operating. According to the officials, 28 more factories are being established. The five new factories include shoe-making, cooking oil and steel melting.
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Herat Factories Struggling to Compete with Imports
Around 300 factories in Herat have recently gone bankrupt or are headed for bankruptcy of around 400 which used to exist, according to the Herat Industrial Union. Lack of security, poor facilities, price dumping by neighbouring countries, and high customs
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Fire insurance coverage for companies is mandatory-Afghan Ministry of Finance
The Ministry of Finance has announced that businesses and foreign organizations without fire insurance coverage would not receive a license to operate in Afghanistan. Fire insurance has been made mandatory on all local and foreign companies and businesses. “All organizations,
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Commerce Ministry allocates USD 6m for industrial park at Aqina Port
Commerce and Industries Minister Anwar-ul-Haq Ahadi announced Saturday that the Ministry has allocated USD 6mn for the establishment of an industrial park at the Aqina Port in northern Faryab province. This comes after the Afghanistan Chamber o f Commerce &
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Afghan commerce ministry fixes the rate for liquefied gas at 55 AFN per kg
Amid complaints about the sales of liquefied gas at high rates ranging between 65 and 70 AFN, the Ministry of Commerce and Industries announced on Monday that the rate for liquefied gas is fixed at 55 AFN per kilogram in
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Afghan government increases import tariff on fruit juices
The Afghan Investment Support Agency (AISA) has announced that import tariffs on fruit juices have been increased from 20% to 30%, in a bit to protect local fruit juice productions. Wafiullah Iftekhar, Head of AISA, said that the tariff is
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Inauguration of the Afghanistan National Industrial Conference
The Afghanistan Investment Support Agency (AISA) organized a conference with the theme of “The Rising Afghan Industry” in November at the Loya Jirga Compound. Inaugurating the conference, President Hamid Karzai emphasized on the growth of domestic products and protecting them
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Economic transition more effective than security transition- Commerce Minister Shinwari
Speaking at the session entitled “Access to Global Markets”, Commerce and Industries Deputy Minister Muzamil Shinwari emphasized on the importance of exports for Afghanistan’s economy. He called for a better strategy to be put in place to woo international markets
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China-Afghanistan discussing construction of an exhibition center in Kabul
Afghanistan is in talks with Chinese officials over the building of a permanent exhibition center in Kabul. The Chinese are thinking about building the center near the Chaman-e-Huzori (green field), close to Ghazi stadium in Kaart-e-Naw, Kabul. Presently, commercial exhibitions
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ACCI Identifying challenges to investment in Afghanistan
A number of senior government officials, civil society and private sector representatives, university teachers attended a meeting organized by the Afghanistan Chamber of Commerce and Industries in Kabul. The meeting was aimed at identifying impediments to investment in the country.
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Further efforts to strengthen domestic sources- ACCI
As concerns about Afghanistan’s economic situation after 2014 are rising, Afghanistan Chamber of Commerce and Industries (ACCI) emphasize on boosting domestic sources of the country. Speaking at a press conference in Kabul on Wednesday, Head of the ACCI Mohammad Qurban
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Afghan investors are optimistic about the Economic High Council
With the establishment of the Economic High Council, 80% of the problems of the traders and investors would be resolved, said Herat’s Industrial Union. The Economic High Council was formed and approved in the beginning of this month. The Council,
Read MoreIndustries Ministry Awaits Allocation of $35m for Oil Imports
Afghanistan’s Ministry of Finance allocated US$35 million for the country to purchase oil this year, but the Ministry of Commerce and Industries officials say they still have not received it. Finance Minister Hazrat Omar Zakhilwal told TOLOnews that the money
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