Afghanistan

Mullah Abdul Ghani Baradar, the economic deputy prime minister, on Sunday inaugurated a blanket factory in Pul-e-Charkhi industrial area in Kabul city.Speaking at the inauguration ceremony, Baradar said that with the arrangement of total security in the country and the decrease of corruption, a beneficial environment for medium and small investments has been created.He added that the Islamic Emirate continues to support domestic industries by carrying out reliable import alternative policies, which plays an essential function in reinforcing the country’& rsquo; s national economy.Baradar stated that in order to support domestic industries, durable makers worth 100 million afghanis ($1.4 million) were bought for the recently established blanket factory based upon the Islamic Murabaha Islamic funding structure.Murabaha is a sales contract where the buyer and seller settle on the markup or “& ldquo; cost-plus & rdquo; cost for the product being sold.Baradar likewise discussed that the Islamic Emirate seeks to reduce reliance on foreign imports by increasing the level of investment.He called business owners and financiers to invest inside Afghanistan for the economic development of the country.According to Baradar’& rsquo; s workplace, the recently established blanket factory utilizes domestically sourced raw materials consisting of wool and cotton, which will assist increase task chances in addition to enhancing the livestock and farming sector.About 930 million afghanis has been bought the factory and it presently has the capacity to produce 1,000 blankets per day.The factory has utilized about 900 people.The post Mullah Baradar inaugurates a blanket factory in Kabul first appeared on Ariana News.





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