Latest News
Afghanistan signs $20 million contract for salt mining in Herat
According to the ministry, the project covers an area of 9.7 square kilometers and involves an investment of approximately $20.045 million. The contract has been awarded for a period of 15 years.
Afghanistan’s Ministry of Mines and Petroleum has signed a contract worth more than $20 million for the extraction and processing of salt from a mine in western Herat province.
The agreement was signed on Thursday by Mines and Petroleum Minister Hedayatullah Badri and the Red Gold Asia Mining and Processing Company for Block Two of the Namsar salt deposit in Ghoryan district.
According to the ministry, the project covers an area of 9.7 square kilometers and involves an investment of approximately $20.045 million. The contract has been awarded for a period of 15 years.
Speaking at the signing ceremony, Badri highlighted the economic importance of the project and said the company would pay a royalty of 1,500 afghanis (AFN) per ton of extracted salt. He stressed that the contractor must carry out all operations in accordance with Afghanistan’s mining laws, regulations and contractual commitments.
The ministry said the company has also committed to spending $930,000 on community development projects and social services in the area in addition to royalty payments.
Officials added that the company will be required to comply with environmental protection obligations outlined in the contract.
The project is expected to create employment opportunities for around 100 people and forms part of the government’s broader efforts to attract investment into Afghanistan’s mining sector and increase domestic resource development.
Amir Khan Muttaqi, Minister of Foreign Affairs of the Islamic Emirate, met on Wednesday with a delegation of Bangladeshi religious scholars, traders, and industrialists to discuss the expansion of relations and cooperation between the two countries.
The Ministry of Foreign Affairs said in a statement that during the meeting, Muttaqi emphasized the investment and trade opportunities available in Afghanistan and considered strengthening political, economic, and cultural engagement between the two countries essential in this regard.
According to the statement, the Bangladeshi delegation also expressed satisfaction with its visit to Afghanistan and the current situation in the country, and voiced optimism about the available investment and trade opportunities.
The members of the delegation said that relations between Afghanistan and Bangladesh could be further expanded through constructive engagement between the peoples and governments of the two countries.
Afghanistan’s Economy Minister Din Mohammad Hanif on Wednesday met with a delegation of Bangladeshi scholars, traders, industrialists and investors to discuss expanding economic and trade relations between the two countries.
According to a statement from the Ministry of Economy, Hanif welcomed the Bangladeshi delegation during the meeting and highlighted investment opportunities in agriculture, mining, industry, energy, domestic production, transit and trade.
He said expanding economic ties with regional countries, increasing trade and attracting foreign investment are key priorities of Afghanistan’s economic policy.
Hanif added that stronger economic cooperation between Afghanistan and Bangladesh could help boost bilateral trade and investment, create jobs, increase domestic production and expand Afghanistan’s exports in the medium and long term.
Members of the Bangladeshi delegation expressed interest in expanding trade and investment with Afghanistan and shared proposals on potential areas of cooperation.
The two sides also called for stronger ties between the private sectors of both countries and greater direct engagement among traders, industrialists and investors to identify new areas of economic cooperation.
Tahawol: Importance of enjoining good and forbidding evil in society discussed
Saar: Pakistan’s decision to expel Afghan medical students discussed
Muttaqi and Bangladeshi delegation discuss expansion of bilateral ties
Afghanistan, Bangladesh discuss expanding economic ties
Russia says strengthening Tajik-Afghan border is security priority
Four mediators struggle to secure lasting Pakistan-Afghanistan ceasefire
HesabPay unveils new visa card and digital payment app in Kabul
AFC Champions League Elite draw nears as Al-Nassr seeded above Al-Hilal
Juma Khan Fateh surrenders to IEA forces in Badakhshan
Afghanistan’s trade diversification challenges Pakistan
Saar: Pakistan’s decision to expel Afghan medical students discussed
Tahawol: Victory of Germany’s far-right party in state election discussed
Saar: UN Human Rights Council meeting on Afghanistan reviewed
Tahawol: Possible future scenarios for Ukraine crisis
Saar: Afghanistan’s relations with international community
-
Business2 days agoSaudi energy group signs major Afghanistan deals covering gas exploration and pipeline plans
-
Latest News2 days agoKhalilzad: Afghanistan ready to attract major investment
-
Latest News4 days agoMuttaqi and Khalilzad discuss expanding Afghanistan-US relations
-
Latest News5 days agoRussian official: West seeks military infrastructure in Central Asia, citing Afghanistan threat
-
Latest News3 days agoMaryam Nawaz says Punjab faces greater security threats from neighbouring provinces
-
Regional4 days agoUS and Iran exchange fire on vessels near Strait of Hormuz
-
World5 days agoWorld food prices at highest since 2022 as supply risks mount, FAO says
-
Regional4 days agoIranian tanker hit by US attack near Iran’s Kharg Island, Tasnim says