Connect with us

Business

Gov’t resumes Banayi, Sanayi housing projects

Published

on

(Last Updated On: October 24, 2022)

2Minister of the Urban and Housing of Afghanistan Sayed Mansour Saadat Nadiri has jumped start the construction of the Hamkim Sanayi and Banayi housing projects where the construction process was stopped due to financial, legal issues but the representatives of the private construction companies promised to re-begin construction activities over the two projects by Wednesday.

In order to jump start the constructions of the two towns the Presidential palace have provided 940 million Afghani as loans to re begin the construction phase, 84 residential blocks will be built where it will house 3780 families.

Minister of Urban and Housing Sayed Mansour Saadat Nadiri said,” The main reason where the construction process stopped was the Government low shares, now things are ready and the re construction process begins again, it will also resolve part of the social problems of the residents who are suffering from having no shelters.”

Despite of Government share 70 private construction companies are holding shares, the representatives of the companies are optimistic saying the construction of the towns will create jobs opportunities for the residents.

Representative of private construction company Masoud said,” Construction process was stopped due to several issues, we will practically start the re construction of the projects by tomorrow, this will significantly impacts over boosting the economy of the country.”

Officials in Ministry of Urban and House claimed that Government of Afghanistan has solid decision to resolve the lack of shelters issues within the society, earlier the Khojarawash residential town was built with the cost of 700 million Afghani.

Advertisement

Business

Acting commerce minister meets Russian deputy PM

Published

on

(Last Updated On: May 17, 2024)

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.

Continue Reading

Business

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

on

(Last Updated On: May 16, 2024)

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.

Continue Reading

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

on

(Last Updated On: May 15, 2024)

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.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!