Business
Afghanistan, Tajikistan sign import power extension agreement
Da Afghanistan Breshna Sherkat (DABS) says that Tajikistan’s electricity import agreement for Afghanistan has been extended until the end of 2022.
DABS said on Monday that the agreement was signed after two-days of negotiations between Hafiz Mohammad Amin, CEO of DABS, and Ismailzada, CEO of Tajikistan Electric Power Company.
According to DABS, the talks also focused on a wide range of regional and development projects in the energy sector, such as CASA-1,000 and the construction of a new 2 kW Electric Power line.
The power company added that the discussions will lead to more developments in the near future.
DABS said that the delegation of the Islamic Emirate assured the Tajik side of joint cooperation and expressed readiness to provide security and other facilities for the resumption of stalled projects.
Afghanistan currently imports 70 percent of its electricity from Uzbekistan, Turkmenistan, Tajikistan, and Iran, and generates only 3 percent of its electricity from domestic sources. DABs receives 460 megawatts of electricity from Uzbekistan, of which 300 megawatts is earmarked for Kabul alone.
Due to problems with imported electricity, only domestic sources are currently used, with a total of 94 MW from Naghlu dam, 22 MW from Surobi dam, 40 MW from Mahipar dam and 50 MW from Tarakhel thermal Power Station.
Business
Belarus ready to boost petroleum trade and investment cooperation with Afghanistan
Officials stressed the importance of expanding trade relations, developing joint investment opportunities and creating practical mechanisms for broader economic cooperation.
Belarus has expressed readiness to expand economic cooperation with Afghanistan, including the transportation and import of petroleum products through direct agreements with Afghan government institutions and private-sector companies.
Afghanistan’s Ministry of Commerce and Industry said on Friday that Deputy Minister Ahmadullah Zahid held talks with Belarusian Deputy Trade Minister Vlad Mirvoyevich Ryzhkovsky and senior officials from Belarus’ oil and investment sectors.
The discussions focused on boosting bilateral trade, expanding Afghanistan’s exports, importing petroleum products from Belarus, attracting investment and strengthening cooperation in the industrial and energy sectors.
The two sides also discussed closer engagement between private-sector businesses and the need to make effective use of the economic potential of both countries.
According to the ministry, officials stressed the importance of expanding trade relations, developing joint investment opportunities and creating practical mechanisms for broader economic cooperation.
The Belarusian delegation assured Afghan officials that it would take the necessary steps to establish direct cooperation and sign agreements with Afghan government institutions and private companies for the transportation and import of petroleum products.
The meeting comes as Afghanistan seeks to diversify its economic and trade partnerships, increase exports and attract greater foreign investment and cooperation from countries in the region and beyond.
Iranian President Masoud Pezeshkian has called for the removal of obstacles to economic cooperation and greater facilitation of trade and transit between Iran and Afghanistan.
At a Cabinet meeting chaired by Pezeshkian on Wednesday, officials reviewed a report on Iran’s agriculture minister’s recent visit to Afghanistan and the latest developments in economic ties between the two countries.
According to the report, Afghan officials welcomed closer relations with Iran and expressed readiness to increase bilateral trade and expand economic cooperation.
The meeting also focused on key challenges facing trade between the two countries, including customs procedures, the movement of vehicles through border crossings and delays in transporting goods.
Pezeshkian stressed the strategic importance of economic ties with Afghanistan and called for stronger cooperation. He instructed relevant authorities to take practical steps to address obstacles to trade and transit and improve the movement of goods across the border.
Business
Afghanistan, Kuwait explore new investment and trade opportunities
The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.
Afghanistan and Kuwait have discussed expanding trade and investment cooperation during a meeting between Afghanistan’s Chargé d’Affaires in Kuwait, Mohammad Shafiq Khatib, and prominent Kuwaiti investor Ajeej Khalaf, along with a number of businessmen and investors.
The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.
The sides stressed the importance of strengthening trade and economic ties and expanding investment cooperation between the two countries.
Khatib invited Kuwaiti businessmen and investors to visit Afghanistan, explore investment opportunities and consider investing in various sectors of the Afghan economy.
The meeting comes as Afghanistan seeks to attract more foreign investment and strengthen economic and commercial ties with regional and international partners.
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