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Afghanistan loses millions as Torkham crossing remains closed for 3rd day

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Afghanistan Chamber of Commerce and Investment (ACCI) says the closure of Torkham crossing into Pakistan has cost the economy millions of afghanis (AFN) over the past three days.

The closure of the border came at a crucial time specifically for exporters of fresh produce, especially fruit. The ACCI said the longer the trucks sit at the closed crossing the more produce perishes.

“This is not the first time that we are treated like this at the border. We request the governments of Afghanistan and Pakistan to find a solution to this issue,” said Khanjan Alkozi, a member of the ACCI.

“When a political and security issue arises, a way should be found for the people and the trucks to pass with safety and security, which has not been done so far,” he added.

“Our request to the government is that they should provide an alternative crossing border for farmers and traders instead of Pakistan,” said Mirwais Hajizadeh, deputy director of the Chamber of Agriculture and Livestock.

In the meantime, the Ministry of Industry and Commerce (MoIC) says efforts are underway to solve the problems that have arisen and they are trying to resolve the issue in such a way that security and political challenges do not create problems in the process of trade and commerce.

“It has been three days that the Torkham crossing has been closed for trade; the Islamic Emirate in general and the Ministry of Industry and Commerce in particular have been following up on the matter separately and are in talks and negotiations with Pakistani authorities to resolve the problem as soon as possible,” said Abdul Salam Jawad Akhundzada, a spokesman for MoIC

Torkham crossing was closed after Afghan and Pakistan border guards clashed on Wednesday. Pakistan then moved to close the crossing.

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Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan

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Bayat Power’s 40-megawatt gas-fired power turbine has resumed operations in Jawzjan province following an inauguration ceremony attended by Mullah Abdul Ghani Baradar Akhund, Deputy Prime Minister for Economic Affairs, on Saturday.

During the ceremony, Mullah Baradar praised Bayat Power’s investment in gas-fired electricity generation and encouraged other investors to invest in the electricity sector and other areas of the country’s economy.

He said the Islamic Emirate of Afghanistan had taken significant steps towards economic growth and industrialization, creating favorable investment opportunities across the country.

Mullah Baradar also called on investors and industrialists to contribute to Afghanistan’s reconstruction and development and help create employment opportunities for the Afghan people.

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Afghanistan’s finance minister travels to Iran for official visit

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Afghanistan’s Minister of Finance, Mohammad Nasir Akhund, has travelled to Iran at the head of a delegation following an official invitation from Iran’s Minister of Agriculture, the Ministry of Finance said.

During the visit, Akhund is expected to meet with various Iranian officials to discuss bilateral economic, trade, customs and other related issues.

The visit will also include discussions on key topics for an upcoming meeting of the joint economic commission between Afghanistan and Iran.

 
 
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Newly rehabilitated power line to benefit 60,000 consumers in Faryab

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Afghanistan’s Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Saturday inaugurated the rehabilitated 110-kilovolt (kV) power transmission line connecting Maimana and Andkhoy in Faryab province.

According to the Deputy Prime Minister’s Office for Economic Affairs, the completion of the project will provide around 60,000 consumers with a more stable and reliable electricity supply.

Speaking at the inauguration ceremony, Baradar said the project would help meet local electricity needs, expand industrial activities and contribute to the region’s economic and social development.

He said the Islamic Emirate of Afghanistan (IEA) had implemented several electricity generation and transmission projects in a relatively short period, reducing reliance on imported electricity and power outages while creating new opportunities for industrial growth.

Baradar also said several major electricity infrastructure projects would be implemented over the next year to ensure a sustainable power supply, adding that the country’s existing electricity capacity would increase several times.

Addressing Afghanistan’s security situation, Baradar said the country was currently experiencing a level of security that he claimed was unmatched in most countries. He added that foreign tourists and visitors had continued to travel to Afghanistan since the IEA returned to power, including to remote areas of the country.

He rejected security-related concerns raised by some countries over travel to Afghanistan, describing them as unfounded and politically motivated. He called on the international community to strengthen meaningful engagement with Afghanistan based on realities on the ground.

Baradar also invited domestic and foreign investors to invest in Afghanistan, saying a secure and suitable environment had been created for large- and medium-scale investments.

 

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