Business
Afghanistan to Use India’s 1 Billion Aid for Infrastructure Sectors
Afghanistan will use India’s 1 billion economic aid for infrastructure sector that can be a production country, President’s spokesman said.
Haroon Chakhansori, President’s spokesman said, India’s aid to Afghanistan will be used in regular programs that a continued employment field provides for the people.
“A large part of this aid will be used for infrastructure sectors which includes; Health, agriculture, education, capacity building and construction of small and medium power dams,” said Haroon Chakhansori, President’s spokesman.
India offered $1 billion in economic aid to Afghanistan, the latest sign of tightening ties between the two countries.
Indian Prime Minister, Modi pledged the aid to Afghanistan after a meeting with Ghani, vowing to pledge India’s “abiding support for a unified, sovereign, democratic, peaceful, stable and prosperous Afghanistan.
Afghan finance ministry has also said that the ministry prepared a proper scheme for spending this aid.
“The aid will be used in a regular program that can have a direct effect on people’s economy,” said Ajmal Hamid Abdul Rahim Zai, Spokesman of finance ministry.
In the meantime, a number of National Assembly members stressed that using the foreign aids should have a transparent process.
“India is one of the honest friends of Afghanistan. The government should perfectly use this opportunity and use the aid in important sectors,” said Reyhana Azad, member of parliament.
India’s renewed support for Afghanistan will be especially crucial in the current context given the ongoing intensification of the Taliban’s offensive across the country.
Campaigns in Helmand and Uruzgan provinces have particularly intensified in recent weeks, leading to growing concerns in Afghanistan that the government could continue to cede territory to the extremist group that ruled the country before the U.S. invasion some fifteen years ago.
Both Modi and Ghani, in a statement issued after their meeting, additionally expressed concern ” at continued use of terrorism and violence in the region for achieving political objectives,” an implicit reference to Pakistan’s military and intelligence services.
According to Voice of America, Indian Foreign Secretary S. Jaishankar clarified that Ghani and Modi spent considerable time discussing approaches to countering terrorism in the region.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
Business
Afghanistan starts exporting via railway to Turkey
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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