Business
Construction of Sar-e-Pul and Uruzgan dams to start soon
Two new major dams will be built in the near future after the Islamic Emirate’s economic commission on Saturday approved contracts for the projects.
At a regular meeting of the commission, at Marmarin Palace, which was chaired by the Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar Akhund, the contracts for the construction of Sultan Ibrahim Dam in Sar-e-Pul province and the Agha Jan Dam in Chinarto district of Uruzgan were signed with the National Development Corporation.
According to the deputy prime minister’s office, the projects are scheduled to commence in the near future.
A decision was also taken at the meeting to stop the transloading of petroleum products at the Farah, Herat and Nimroz ports. Going forward, the transportation of such products will only be imported into Afghanistan in one vehicle – from source to destination.
It has been common practice for more than one tanker to be used – where fuel is transferred from one vehicle to another at border posts before entering the country.
Based on the Economic Commission’s decision, Afghan fuel tankers will also in future be authorized to transport fuel and oil into Afghanistan.
In addition, the Ministry of Justice and the Department of Revenue of the Ministry of Finance presented a plan focused on increasing revenue and implementing effective management practices. The plan entails revitalizing existing sources of income for the Ministry of Justice and exploring 14 new revenue streams within its framework.
This comprehensive strategy is expected to significantly boost the annual income of the Ministry of Justice.
Business
Acting commerce minister meets Russian deputy PM
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.
Business
Azizi meets with head of Tatarstan on sidelines of Kazan Forum
The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.
According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.
This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.
The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.
Business
Afghanistan’s imports and exports totaled $10.3 billion last year
The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.
According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.
Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.
Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.
Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.
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