Business
$55M Worth Electricity Projects Signed in Kabul
Officials in Da Afghanistan Breshna Sherkat (DABS) and Indian International NGOs have signed contracts of designing, procurement, equipping, and distribution of electricity of provinces of Logar, Paktia and Khost in the presence of the Afghanistan President Mohammad Ashraf Ghani at Presidential palace on Saturday.
Chief of Da Afghanistan Breshna Sherkat Qudratullah Delawari said, “The contracts include designing, procurement, equipping, installation, examining, and distribution of electricity for the three provinces of Logar, Gardez and Khost where 44500 customers of electricity can be benefited.”
The $55,8 million projects are being funded by the gratuitous aids of the Asian Development Bank (ADB) and the project work will be accomplished within 2 years in the future .
The Representative of Asian Development Bank Thomas P. said, “ADB is pleased to join the gathering on signing of the Electricity contracts between the Da Afghanistan Breshna Sherkat and Indian NGOs called “Angelic”- “Jagwara” to provide electricity for the first time for provinces of Logar, Gardez and Khost provinces of Afghanistan, we are pleased to fund the projects.”
The following Electricity projects will enlighten 13000 families in Logar, 18500 families in Gardez and 13000 other in Khost province.
Reported by: Yousuf Yasa
Business
Acting commerce minister meets Russian deputy PM
Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.
Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.
According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.
They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.
Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.
Business
Azizi meets with head of Tatarstan on sidelines of Kazan Forum
The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.
According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.
This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.
The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.
Business
Afghanistan’s imports and exports totaled $10.3 billion last year
The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.
According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.
Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.
Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.
Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.
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