Connect with us

Business

250 companies submit bids for iron, lead mines in Afghanistan

Published

 on

(Last Updated On: September 16, 2022)

Afghan Ministry of Mines and Petroleum said this week that 250 domestic and foreign firms have submitted their bids for the iron mine in Herat and lead mine in Ghor province.

Esmatullah Burhan, a spokesman for the Ministry of Mines and Petroleum, said that it is evaluating the bids and will soon announce the winners.

The iron ore in Herat’s Ghoryan district is estimated to hold 18 million tons of iron. The lead mine in Ghor is also considered to be one of the largest lead mines in the region.

“The government will collect a good amount of revenue from it. Hundreds of thousands of jobs will be generated directly or indirectly,” said Burhan.

Private sector members say IEA should prefer domestic companies over foreign firms for investment in the mining sector.

“It is in the plan of IEA to prefer the domestic companies. Domestic companies would initially bring small companies and then big companies to make major investment in Afghanistan,” said Sherbaz Kaminzada, head of Chamber of Industries and Mines.

Economic experts believe attracting investments in the major mines would help address economic challenges and poverty in the country.

“Considering the existing situation, I think it will benefit the Afghan economy because it will help reduce unemployment, increase tax and find markets for our minerals,” said Taj Mohammad Talash, an economic expert.

Afghanistan possesses a wealth of nonfuel minerals whose value has been estimated at more than US$1 trillion.

However, this sector has remained largely untouched as the former government was never able to successfully regulate the industry. For generations, the country has been renowned for its gemstones – rubies, emeralds, tourmalines and lapis lazuli.

Business

Afghanistan urges China to speed up efforts for opening of Silk Route

Published

on

(Last Updated On: November 28, 2022)

Industry and commerce minister of the Islamic Emirate of Afghanistan (IEA) on Monday called on Beijing to speed up its efforts for reopening of the Silk Road trade route.

Minister Nooruddin Azizi said that the Wakhan Corridor or the Silk Road can increase the level of trade between the two countries and become a reliable route for the transit of goods.

“The Islamic Emirate of Afghanistan (IEA) has announced its preparations for the opening of this corridor and asks the respsected authorities of the People’s Republic of China to speed up the process of opening this route,” Azizi said.

The Belt and Road Initiative is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It seeks to rekindle ancient Silk Road trade routes linking China with Europe and Africa

In September, Afghan Minister of Industry and Commerce said that Afghanistan should be included in the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project, which is a central part of the Belt and Road Initiative.

“In talks we had with China, it was mentioned that we should partner with China in the Belt and Road Initiative and China-Pakistan-Economic Corridor and other programs that China has at the international level,” Nooruddin Azizi said in an interview with China’s CGTN.

Continue Reading

Business

Afghanistan exports biscuits to Kazakhstan

Published

on

(Last Updated On: November 28, 2022)

The first shipment of Afghanistan-made biscuits, a product of a private factory in Balkh province, was exported to Kazakhstan on Monday through the port of Haritan on the Uzbekistan border.

Head of the Allah Shakur biscuit company, Allah Shakur Qanaat Bakhsh, said: “The first export shipment consists of four types of biscuits.”

He said the company is also hoping to export its products to other countries.

The company, which is located in the Mazar-e-Sharif industrial park, has the ability to produce a few tons of biscuits every day.

According to factory officials six hundred workers are currently employed at the factory and work in two shifts.

This comes after the Ministry of Industry and Commerce (MoIC) said on Sunday that an Air Corridor Agreement between India and Afghanistan has been signed and that Afghanistan’s goods will soon be exported to India by air.

Abdul Salam Jawad, a spokesperson for the MoIC, said that the export of Afghanistan’s commercial commodities to India continues through Wagah port and that in the past year, the country has exported more than 14 billion afghanis via the port.

According to him, cargo flights between Afghanistan and India will start in the near future, and fresh and dry fruits, handicrafts and other commercial items will be exported to India by air.

Economic experts meanwhile say the export of goods by air will have a huge impact on the Afghan economy.

Continue Reading

Business

Air corridor agreement signed between Afghanistan and India: MoIC

Published

on

(Last Updated On: November 27, 2022)

In line with the Islamic Emirate’s efforts to expand trade and economic relations with countries in the region, the Ministry of Industry and Commerce (MoIC) says the Air Corridor Agreement between India and Afghanistan has been signed and that Afghanistan’s goods will soon be exported to India by air.

Abdul Salam Jawad, a spokesperson for the MoIC, said that the export of Afghanistan’s commercial commodities to India continues through Wagah port and that in the past year, the country has exported more than 14 billion afghanis via the port.

“Our trade with India continues normally through Wagah port; in the past year, we exported more than fourteen billion afghanis, the total weight of which amounted to 30,000 tons,” said Jawad.

According to him, cargo flights between Afghanistan and India will start in the near future, and fresh and dry fruits, handicrafts and other commercial items will be exported to India by air.

Economic experts meanwhile say the export of goods by air will have a huge impact on the Afghan economy.

“I think that it has a great impact on Afghanistan’s economy, prosperity, income and political beliefs,” said Sayed Massoud, an economic analyst.

Meanwhile, Afghanistan Chamber of Commerce and Investment (ACCI), in cooperation with MoIC, started Saturday the process of exporting dried fruit and saffron worth $2 million from Afghanistan to Europe, Australia and Canada.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!