Business
Construction of 252 MVA substation in Kabul’s Tarakhel gets underway
The projects will be implemented by local companies with a total investment of $18.7 million. Once completed, the substation will supply 250,000 residential and business clients with electricity.
Officials on Sunday inaugurated construction work of the 252 MVA substation in Kabul’s Tarakhel area and the 220 KV power line project from Chemtala to this substation.
The projects will be implemented by local companies with a total investment of $18.7 million. Once completed, the substation will supply 250,000 residential and business clients with electricity.
Speaking at the inauguration ceremony, Political Deputy Prime Minister Mawlawi Abdul Kabir said that controlling Afghanistan's waters, water supply, production of wind, solar and thermal energy and the development of agriculture are among the priorities of the Islamic Emirate, assuring neighbors that it will not affect them. He also noted that Afghanistan's soil has not been used against any country and the world also wants to engage with the Islamic Emirate.
"The world has recognized that a stable and self-sufficient Afghanistan will be possible only with the Islamic Emirate in power. The Islamic Emirate has proven in practice that no one is harmed from the soil of Afghanistan and today the world is interested in cooperation and engagement with Afghanistan,” he said.
Meanwhile, officials of Da Afghanistan Breshna Sherkat (DABS) said that two electricity transmission projects of 2,000 megawatts are underway from Turkmenistan and Uzbekistan.
"With the implementation of these projects, 24/7 electricity will be provided to all industrialists, businessmen and residential houses in Kabul,” said Abdul Bari Omar, the head of DABS.
According to the Ministry of Energy and Water, a large water dam in Zabul will soon be commissioned, the construction of Pashdan Dam has been completed and the clearing process for the handover of Shah wa Arus Dam in Kabul is underway.
This dam will provide drinking water to 20,000 families in the city, thousands of hectares of land will be irrigated and 2 megawatts of electricity will be produced.
Business
Pakistani chamber calls on Islamabad to urgently reopen trade route from Afghanistan
SCCI chief fears bilateral trade could grind to a halt completely if Islamabad fails to resolve the issue urgently
Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has called on Islamabad to take steps to reopen the key Afghanistan-Pakistan Highway for trade and transportation.
In a statement issued this week, SCCI President Fazal Moqeem said trade has been brought to a halt due to the closure of Afghanistan-Pakistan trade routes over the past few months.
He said the mutual trade volume and transit trade had dropped to an alarming level owing to the closure of the trade route. As a result, trade has shifted from Pakistan to Iran and Central Asian Republics.
The SCCI chief feared bilateral trade would grind to a halt completely if Islamabad fails to resolve the issue urgently.
“This will not only be detrimental to the national economy but also trigger unemployment owing to the closure of business and trade,” said Muqeem.
Meanwhile, Zahidullah Shinwari, a businessman, stated that the bilateral trade volume level had decreased substantially, and that traders on both sides have incurred huge financial losses.
Shinwari said local people and travellers also faced enormous hardships due to the blockaded highway. He called on Islamabad to urgently resolve the problem.
Shinwari called for a solution to be found to the issue with mutual consensus and negotiation.
The ongoing trade challenges, including route closures, rising customs tariffs, and what Afghanistan sees as Pakistan’s disregard for established trade agreements, have had a significant impact on Afghan exports.
For Afghanistan, Pakistan remains one of the most important trading partners. The two countries share long-standing economic ties, with Afghanistan relying heavily on Pakistan as a market for its agricultural products, including fresh fruits, vegetables, and dry fruits.
The reduction in Afghan exports comes at a critical time when the country’s economy is in dire need of stability and growth. The disruption of trade routes and the imposition of tariffs further complicate efforts to strengthen Afghanistan’s trade sector and promote economic recovery.
Business
Kyrgyzstan records substantial increase in petrol exports to Afghanistan
Bishkek exported more than 700,000 liters of petrol worth $8.9 million to Afghanistan between January and July this year.
The export of petrol from Kyrgyzstan to Afghanistan in the first seven months of this year has increased substantially compared to the same period last year.
According to Kyrgyzstan’s Statistics Department, Bishkek exported more than 700,000 liters of petrol worth $8.9 million to Afghanistan between January and July this year.
According to Aki Press, Kyrgyzstan exported just over 19 thousand liters of petrol to Afghanistan in the same period last year.
The average price per liter of petrol exported from Kyrgyzstan to Afghanistan is $0.05.
Afghanistan imported 84% of Kyrgyzstan’s total petrol exports.
Business
Baradar officially opens 7-day expo in Kabul to help boost trade
The main objective of the current expo is to strengthen domestic markets, market products and expand the interaction of the countries of the region with the Islamic Emirate
The third Imam Abu Hanifa Expo and Trade Fair was officially opened in Kabul on Sunday by Afghanistan’s Deputy Prime Minister for Economy Mullah Abdul Ghani Baradar who said the aim is to bring local and foreign investors together.
The expo will last for seven days and is showcasing a variety of locally manufactured products and services at 700 booths. The opening was meanwhile attended by high-ranking officials, representatives of neighboring countries and business owners.
Baradar said: "The good thing about this exhibition is that domestic and foreign traders and investors exchange views and these exhibitions play an important role in improving the market situation for producers and solving the problems of traders."
While appreciating the activities of businessmen and investors in Afghanistan, he reminded them that there are good investment opportunities for foreign countries and businesses in Afghanistan.
Nooruddin Azizi, the acting minister of commerce and industry, said at the opening that such events are a good opportunity to introduce industrial and production capacities of countries to foreign investors.
Azizi said the main objective of the current expo is to strengthen domestic markets, market products and expand the interaction of the countries of the region with the Islamic Emirate.
Yunus Momand, the deputy chairman of the Chamber of Commerce and Investment, said the expo was an opportunity to exchange experiences and introduce Afghan products to foreign traders.
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