Business
Chabahar Port to be Operative Soon: Rashid
Officials in Ministry of Commerce and Industry have stated that Chabahar port would soon be operative and would grow the economy of the countries linked with its route.
They have said the regional and negiboring countries investors are willing to invest in Afghanistan but due to no security and complicated laws didn’t dare to do so.
Deputy Minister of Commerce and Industry AbdulBari Rashid said,” the operations activities are underway, by using that port most of our business problems will be resolved.”
Meanwhile Minister of Economy has urged that Afghanistan has huge opportunities for investing, but investors still don’t dare to investing in the war ravaged country.
Minister of Economy AbdulSatar Murad said,” there are a lot of opportunities for launching investing in Afghanistan, but there should be some facilities paved to encourage the investors.”
However the Iran President Economy Advisor Akbar Turkan said,” as I saw Afghanistan huge potential for receiving investments, like energy, mines, agricultures and some other trade aspects, both Iran- Afghan businessmen should work together to draw more investments for Afghanistan.”
Afghan businessmen have expressed their optimism over the activities of the Chabahar port for boosting the economy and exchanging of commodities between countries in order to get rid of Pakistan pressures.
Reported by Aslam Hejaab
Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.
According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.
In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.
The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”
This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.
As with the previous year, the budget has been drawn up exclusively using domestic revenues.
The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.
All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.
No further details were given.
Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.
Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.
According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.
They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.
Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.
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