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Acting Minister of Mines and Petroleum meets Russian investor

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(Last Updated On: February 19, 2024)

Shahabuddin Delawar, Acting Minister of Mines and Petroleum, met with the Russian investor on Sunday in his office and discusses investment opportunities in Afghanistan.

The Ministry of Mines and Petroleum says that in this meeting, the Russian investor, while providing information about the company’s work experience and activities, said: “Our company has 120 years of work experience in the countries of Iran, Iraq, Syria and Tajikistan with advanced and modern equipment that we have, we are ready to cooperate and start work in Afghanistan.”

In this meeting, he also talked about the production of 150 megawatts of electricity from garbage and said that our company is ready to cooperate and work on solving the problem of garbage and generating electricity from it.

The Russian company also gave information about their facilities and equipment in the oil and gas sector and electricity generation from gas, expressed their interest in investing in the oil and gas sector of Afghanistan and requested the support and cooperation of the Ministry of Mines and Petroleum.

The Ministry of Mines and Petroleum stated that the acting minister welcomed their plans and ideas in the country’s oil and gas sectors and electricity generation from waste, adding: “Afghanistan enjoys overall security and there is a suitable environment for foreign businessmen to invest.”

According to the Acting Minister of Mines and Petroleum, businessmen can invest in a safe, transparent and corruption-free environment, and the leadership of the Ministry of Mines and Petroleum is also ready to cooperate in this field.

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Afghanistan can become important industrial center in region: Hanafi

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(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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Pakistan: Consultations underway on preferential trade agreement with Afghanistan

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(Last Updated On: May 11, 2024)

Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.

According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.

In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.

Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.

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