Business
Afghanistan, India sign MoUs for development of educational infrastructure
Memorandum of Understandings for the construction of five educational infrastructures was signed between Afghanistan and India on Sunday.
According to the agreement, three schools and two universities will be built in Nuristan, Farah, Badakhshan, and Kapisa with the cost of $ 2.6 million.
The MoUs were signed by Economy Minister Mustafa Mastoor, Higher Education Minister Abdul Tawab Balakarzai, Deputy Education Minister Abdul Subhan Raouf, and Indian Ambassador to Afghanistan Vinay Kumar on Sunday.
(2/2) MoUs were signed by Ambassador @vkumar1969 ,Economy Minister @mmmastoor, Higher Education Minister @PBalakarzai and Deputy Education Minister Mr. Abdul Subhan Raouf pic.twitter.com/Nb4UsOBarA
— India in Afghanistan (@IndianEmbKabul) July 5, 2020
The agreement envisages the construction of two schools in Badakhshan province and one school in Nuristan province for the Ministry of Education, and the construction of a road at Kapisa Medical University and the renovation of an educational building in Farah.
“The construction cost of these schools is $ 900,000, which is in Badakhshan and Nuristan provinces,” said Abdul Subhan Rauf, deputy director of administration and finance at the Afghan Ministry of Education.
اسناد تمویل ۵ پروژه به ارزش ۲.۶ میلیون دالر در بخشهای معارف و تحصیلات عالی برای بدخشان،کاپیسا، فراه ونورستان به امضا رسید.
تاحال مجموعاً۵۸۷ پروژه ازکمک ۱۲۰ ملیون دالری کشور دوست هندوستان از طریق وزارت اقتصاد در ۳۴ ولایت کشور در نظر گرفته شده که ۴۲۷ آن به بهره برداری سپرده شده است pic.twitter.com/nHbmo6LoYN— Mustafa Mastoor (@mmmastoor) July 5, 2020
“These projects should be implemented by the Ministry of Economy as soon as possible,” said Abdul Tawab Balakarzai, Acting Minister of Higher Education.
India’s ambassador to Afghanistan says that the launch of the projects will help increase the capacity of students in Afghanistan adding that apart from physical projects in Afghanistan, India has worked in building capacity of youth in Afghanistan as well.
Since 2005, India has implemented 400 developmental projects in cooperation with the Ministry of Economy, which promises to help Afghanistan in the long run in various areas.
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
Business
Afghanistan reaches self-sufficiency in production of 133 items: MoIC
The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.
The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.
The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.
“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.
Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.
The chamber officials stressed expanding the culture of using domestic products in government projects.
“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.
Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.
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