Latest News
Afghanistan signs $20 million contract for gold mining in Kunduz
The Ministry of Mines and Petroleum of Afghanistan has signed a five-year contract for the extraction of gold at a mine in Qala-e-Zal district of Kunduz province, with an investment valued at more than $20 million.
According to the ministry, the agreement was signed on Sunday by Hedayatullah Badri, Afghanistan’s Minister of Mines and Petroleum, in the presence of the ambassadors of Azerbaijan and Kyrgyzstan.
The project covers an area of approximately 5.97 square kilometers and is expected to attract an investment of $20.24 million.
Under the terms of the agreement, the company responsible for the project has pledged to pay a 30 percent royalty to the Afghan government and allocate $200,000 toward social development and public service initiatives in the area.
Officials said the project is also expected to generate employment opportunities for around 100 people through both direct and indirect jobs.
The ministry described the agreement as part of ongoing efforts to attract domestic and foreign investment into Afghanistan’s mining sector, which authorities view as a key driver of economic growth and regional cooperation.
Latest News
Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan
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.
Latest News
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.
Latest News
Newly rehabilitated power line to benefit 60,000 consumers in Faryab
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.
-
Sport4 days agoOmar Zawak thrash Istiqlal Kabul 5-1 in ACL
-
World5 days agoTrump says further US attacks on Iran ‘highly unlikely’ as peace talks gain momentum
-
Latest News4 days agoAfghan embassy in Kuwait discusses situation of Afghan prisoners with Kuwaiti officials
-
Health5 days agoGerman medical team launches free surgical mission at Bamiyan provincial hospital
-
Business4 days agoIraqi intelligence report alleges oil smuggling network supplying Afghanistan and Turkey through Iran
-
Latest News5 days agoIEA rejects US travel warning, says no threat to foreign nationals in Afghanistan
-
Business5 days ago$30 million pharmaceutical investment launched in Herat as new production line opens
-
Latest News4 days agoAfghanistan and Russia discuss expanding economic ties and boosting bilateral trade
