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India set to establish pharmaceutical factories in Afghanistan: MoIC
The Ministry of Industry and Commerce (MoIC) announced on Saturday that members of India’s Spice Export Promotion Council expressed their readiness for joint investment and the establishment of spice-production factories in Afghanistan.
Members of the Indian Spice Export Promotion Council conveyed this readiness during a meeting with Nooruddin Azizi, the Minister of Industry and Commerce of the Islamic Emirate, and also emphasized their interest in expanding cooperation and increasing spice exports to Afghanistan.
According to the ministry’s statement, the two sides also discussed issues related to the import of medicine, improving the quality of pharmaceutical products, investment opportunities, and addressing existing challenges in the trade of pharmaceuticals between the two countries.
Azizi, while providing necessary explanations regarding the questions, concerns, and proposals of the council members, expressed the Islamic Emirate’s readiness to fully support reputable pharmaceutical companies.
The statement added that, based on the agreement reached, officials and representatives of Afghanistan’s pharmaceutical sector are expected to visit advanced and reputable pharmaceutical factories in India.
In return, a delegation from India’s pharmaceutical sector will travel to Kabul to assess practical opportunities for establishing medicine-production factories in Afghanistan and for expanding exports.
Around 57 internationally standard and high-quality factories are members of this council.
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Afghan, Iranian ministers discuss agricultural exports and trade facilitation
Afghanistan’s Finance Minister Mohammad Nasir Akhund has met with Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh to discuss expanding bilateral economic and trade cooperation.
The meeting took place during Akhund’s official visit to Iran.
According to a statement from the Ministry of Finance, the discussions focused on preparations for the next meeting of the joint economic commission, exports of Afghan agricultural products to Iran, and ensuring 24-hour operations at customs facilities.
The two sides also discussed addressing challenges faced by Afghan traders, preventing the smuggling of illegal goods, and other trade and economic issues.
Iran’s agriculture minister expressed readiness to cooperate with Afghanistan in the fields of agriculture, livestock and irrigation. He also assured the Afghan delegation that Iran would make the necessary preparations for the upcoming meeting of the joint economic commission and continue efforts to strengthen cooperation in these areas.
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Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan
Bayat Power’s 40-megawatt gas-fired electricity 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.
The resumption marks an important step in Afghanistan’s efforts to strengthen domestic electricity production, reduce reliance on imported power and improve energy security.
During the ceremony, Mullah Baradar praised Bayat Power’s investment in gas-fired electricity generation and encouraged other investors to support the country’s energy sector and wider economy.
He said the Islamic Emirate of Afghanistan had taken significant steps towards economic growth and industrialization, creating favorable opportunities for investment. He also urged investors and industrialists to contribute to reconstruction, economic development and job creation.
Bayat Power’s return to operation comes amid a series of long-term agreements aimed at securing the future of domestic electricity generation. In May, the company extended its power production agreement with the Ministry of Energy and Water for another 10 years, guaranteeing the continued generation of 40 megawatts from domestic natural gas resources in Jawzjan.
The agreement was signed by Bayat Power CEO Ali Kasemi and Minister of Energy and Water Mawlavi Mohammad Younus Akhundzada. It followed a separate 10-year extension of the company’s natural gas supply agreement with Afghan Gas in April and an earlier power production and distribution agreement with Da Afghanistan Breshna Sherkat (DABS).
Bayat Power operates Bayat Power-1, Afghanistan’s first modern gas-to-electricity plant, which uses Siemens Energy’s SGT-A45 mobile gas turbine technology. The facility has the capacity to generate more than 300 million kilowatt-hours of electricity annually, supplying hundreds of thousands of consumers.
The company is Afghanistan’s largest private electricity producer, and its operations form part of broader efforts to expand domestic energy infrastructure and reduce dependence on electricity imports.
The resumption of the turbine is expected to reinforce the country’s local power supply while highlighting the role of private investment in Afghanistan’s energy development.
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Afghanistan’s finance minister travels to Iran for official visit
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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