Connect with us

Business

IEA to complete Afghan-Uzbek-Pak railway line

Published

on

(Last Updated On: August 4, 2022)

Afghanistan Railway Authority (ARA) officials said Thursday preliminary work on finishing the railway project between Afghanistan, Uzbekistan and Pakistan (Mazar-i-Sharif-Kabul-Peshawar railway) has started.

Speaking at a news conference on Thursday in Kabul, ARA officials said that joint technical teams have started work and are half way through the initial phase.

“Inshallah we finish this project it may not only ensure the economy of Afghanistan but also guarantee the country’s security,” said Bakht Rehman Sharafat, General Director of the Afghanistan Railway Authority (ARA).

At the same time, ARA said that revenue from the Uzbekistan-Afghanistan railway line, which previously went to Uzbekistan, will now come to ARA.

“Afghanistan’s railway revenue was previously collected in Uzbekistan and then this country passed it on to Afghanistan but after the Islamic Emirate’s takeover we weren’t able to receive the revenue from Uzbekistan due to banking system crisis,” Sharafat said.

“Now, Afghanistan’s $12.5 million is with Uzbekistan which has not delivered it to the country yet.”

The railway line will connect the Trans-Corridor of Central Asia to Pakistan by the shortest route and will also provide an opportunity for South Asian countries to enter the markets of the Commonwealth of Independent States (CIS) and Europe.

However, the railway administration has prioritized its plans and prioritized the projects where work is half finished or almost complete.

According to ARA, since the beginning of this year, more than three and a half million tons of goods have been transported using the existing line.

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

on

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Continue Reading

Business

Afghanistan starts exporting via railway to Turkey

Published

on

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Continue Reading

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

on

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!