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Italian company signs Bakhsh Abaad dam contract with MoEW

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(Last Updated On: October 25, 2022)

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Officials in Ministry of Energy and Water have signed the contract of building the Bakhsh Abaad dam located at Farah Province with an Italian company in Kabul on Wednesday with the cost of $450 million dollars which will be built incoming 18 months, the following dam will produce 27 mega watt of electricity.

Minister of Energy and Water Ali Ahmad Usmani urged National Unity Government is on the edge pushing efforts through to manage Afghanistan’s waters, from now onwards all the development projects will be implemented the soonest.

Meanwhile Farah Governor has mentioned the following dam will irrigate about 10000 acres of lands in 5 districts.

Minister of energy and Water Ali Ahmad Usmani said,” Bakhsh Abaad dam will be built by an Italian company with the cost of $450 million dollars, in 18 months, the following dam will produce 27 mega watt of electricity and has the capacity to bank 1360 million qbc of water and will water 104000 acres of lands.”

During his speech he has warned the companies who are in slow motion in implementation of the projects, their contract will be eliminated.

Governor of Farah Province Asef Nang has demanded the Afghan security forces to ensure security for the following dam.

Head of the Presidential office secretariat Abdul Salam Azimi said,” Farah residents will have close cooperation in ensuring security for the following Dam and even the enemies have stated that we have nothing to do with the dam.”

Based on the information Afghanistan is having 55 billion qbc meter of running water and 20 billion qbc of underground water, in most cases due to no clear policy and well management the following waters are being used for the favor of the neighboring countries.

Reported by Fawad Nassiri

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Acting commerce minister meets Russian deputy PM

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(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.

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

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(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.

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

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(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.

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