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Balkh creates grain bank for first time

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(Last Updated On: November 21, 2023)

Balkh officials say a grain bank has been created in the province for the first time and has provided many opportunities for traders as they can use this facility to buy or sell flour and other grains.

Local officials said that the goal of establishing this bank is to prevent price hikes and hoarding.

“Creating such commercial markets is a window of hope for people,” said Asadullah Asadi, head of Balkh Chamber of Commerce and Investment.

“It is the first time in the country that a standard grain bank is opened here. Fortunately, it has profits for our businessmen and also for our nation because here the price is controlled and the quality is controlled,” said the manager of a market in Balkh.

Meanwhile, a number of investors in Balkh emphasize the need for security for businessmen, saying that the interest in investing inside the country has increased.

“The best blessing of Allah is security; we are grateful to the officials of the Islamic Emirate that our security is better, and we ask the Islamic Emirate to pay more attention to this matter,” said Yusof Shahbaz, the head of Balkh Grain Union.

“As long as the government does not cooperate, the businessman cannot act independently. For example, the government should provide simplicity in the produce sector and in the tax,” said an investor.

The local officials of Balkh have assured people that they will protect the “lives and property” of the traders and asked investors to invest in the country.

“We are proud that we have projects, security and management in Balkh province,” said Noorulhadi Abu Idris, deputy governor of Balkh.

The grain bank has been established in Balkh province in the hope that Afghanistan will become self-sufficient in grain production by using the Qosh Tepa canal and eventually export wheat.

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Minister of mines says minerals must be processed in Afghanistan before exported

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(Last Updated On: April 29, 2024)

Acting Minister of Mines and Petroleum Shehabuddin Delawar has said in a meeting with officials of a Chinese company that the export of raw minerals for processing abroad is no longer allowed.

He said the ministry will work with foreign mining companies as long as they also process the minerals in Afghanistan.

Delawar said this during a meeting with China’s state-owned company MCC Holoda, and Chinese officials from the company contracted to extract copper from Mes Aynak.

The Ministry of Mines and Petroleum said in a statement that MCC Holoda is one of the largest mining and processing companies in China for copper, lead and zinc.

According to the statement, the company has expressed an interest in investing in copper, lead and zinc mines in Afghanistan.

Delawar welcomed their interest and said there are lead and zinc mines in Bamyan, Kandahar and Ghor provinces, and if the company agrees to process minerals inside Afghanistan, the ministry will cooperate with it.

Delawar also discussed the Mes Aynak copper project and called for acceleration of work at the mine.

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Afghanistan Humanitarian Trust Fund report highlights problems tackled

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(Last Updated On: April 29, 2024)

Mohammad Jamal Alsaati, Special Advisor to IsDB President and IsDB Coordinator for Afghanistan Humanitarian Trust Fund (AHTF), said this week that 14 projects, signed in 2023, have materialized at a total cost of $35.35 million.

He said in a statement issued Sunday that of this, $24.14 was from contributions from AHTF with a further $12.21 million provided by implementing partners and other international organizations.

Alsaati said all the services provided have created job and capacity building opportunities for the people of Afghanistan and that as of March 2024, pledges to the fund totaled almost $35 million, with more funding expected.

Alsaati’s comments were in a statement issued by the Islamic Development Bank, (IsDB), after it released the first comprehensive report on the achievements of the AHTF.

The report highlights the coordinated efforts by the IsDB, its partners, and stakeholders towards “Promoting Self Reliance and Resilience” in Afghanistan.

The AHTF’s mission is to provide initial humanitarian aid but then to prioritize development and self-reliance to move beyond emergency assistance – promoting reconstruction, empowerment and sustainable development.

IsDB President and Group Chairman, Muhammad Al Jasser meanwhile said following the release of the report that after receiving generous contributions, the AHTF “sprung into action, delivering essential aid to Afghanistan’s most vulnerable communities.”

He said the fund was able to tackle food insecurity, offer child nutrition programs, provide healthcare, innovative education, clean water, sanitation and hygiene services.

“Our projects are making a tangible difference on the ground,” Jasser said.

The Secretary General of the Organization of Islamic Cooperation (OIC), Hissein Brahim Taha also reacted to the report and said: “We are very pleased to see several humanitarian and development-focused projects are underway in Afghanistan – driven by the IsDB in collaboration with its regional and global partners.

“But much work still lies ahead, so we look forward to further help and support from our Member States, in addition to continued financial assistance for the AHTF from international aid and relief agencies,” said Taha.

The fund was established at a Council of Foreign Ministers of the OIC on 19th December 2021.

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Baradar visits Pashdan Dam, as work on project resumes

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(Last Updated On: April 29, 2024)

Mullah Abdul Ghani Baradar, deputy prime minister for economic affairs, has said the Pashdan Dam in Herat province is a key national project that the Islamic Emirate is committed to completing as soon as possible.

Speaking at an event marking the resumption of construction on this hydroelectric dam, which was started more than 10 years ago, Baradar said building dams was a priority for the Islamic Emirate.

Once complete the Pashdam Dam will not only generate electricity but also irrigate about 65,000 hectares of agricultural land, in turn providing work to thousands of people.

The dam will cost an estimated $117 million once finished and according to officials, at least 85% of work has been completed.

Officials expect the dam to be operational by the end of this solar year.

The construction of Pashdan Dam is being carried out by a domestic company in cooperation with an Azerbaijani company.

Engineers said the dam will mostly be used for agriculture purposes and for potable water. They also said about 73 kms of canals will be built to irrigate land.
This dam will store 54 million cubic meters of water. Currently, about 400 people are employed to work on the project.

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