Business & Economics

Some food items and gold prices declined while that of other food items stayed stable during the outgoing week in Kabul, market sources said on Saturday.

A three-day exhibition of domestic products titled “Sultan Mahmood Ghaznavi” has kicked off in southern Ghazni province, aiming to promote local industries and boost market access.

A privately-owned flour production factory, established with a $300,000 investment, was officially inaugurated and began operations on Thursday in western Farah province.

The Ministry of Finance on Thursday reported a 13.5 percent increase in exports and a 24.5 percent rise in transit volume during the first five months of the current solar year, compared to the same period last year.

The Ministry of Mines and Petroleum (MoMP) has signed a $100 million investment agreement with a domestic company for the construction of a lead and zinc processing plant in Afghanistan.

The Ministry of Commerce and Industry says an economic and trade meeting was held in Kabul between Afghan and Iranian officials to increase trade volume between the two countries and follow up on previous commitments.

The Economic Commission has decided to terminate the existing contracts of the Uranus Wedding Hall and its parking area, allocating the site for markets of precious and semi-precious stones.

Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar Akhund and Iranian Minister of Industry have discussed trade, transit and investment opportunities.

The Department of Mines and Petroleum in central Panjsher province has sold 3,703 carats of emeralds for 28,500 US dollars at the ninth auction, the provincial media office said on Tuesday.

The president of the Afghanistan’s Iron Smelting Union says that approximately $500 million has been invested in the country’s iron smelting sector so far, creating employment opportunities for around 70,000 people, both directly and indirectly.

Assessment and extraction operations have officially commenced at the Tooti Maidan gas fields in northern Jawzjan province, the Office of the Deputy Prime Minister for Economic Affairs announced on Monday.

The Ministry of Agriculture, Irrigation and Livestock (MoAIL) has announced that Afghanistan begun exporting meat for the first time, starting with a pilot phase.