Business
MoMP Seeks Attracting Investment in Mining Sector
Ministry of Mine and Petroleum (MoMP) says seeking to attract investment in the mining sector in a bid to increase government revenues.
“We are attempting to get the approval of economic high council on all projects of the mining sector in order to ease the problems and boost the contracts’ process in the sector,” said the ministry’s spokesman Abdul Qadir Mutfi.
According to the official, contract for extracting Badakhshan Gold Mine and Balkhab Copper Mine in Sar-e-Pul province have already got approved by the economic high council.
The Afghanistan Chamber of Commerce and Industries (ACCI), meanwhile, said that increasing contacts in the mining sector is effective and that the government should support the private investments in the sector.
“We support this so that investments in mining sector get raised, but the government should have issues in this regard that need to be solved,” said Khan Jan Alokozay, Deputy Head of ACCI.
Since the formation of the National Unity Government contracts in the mining sector had been halted. But reports suggest that the contracting process has resumed now.
Business
Siberian oil and gas businessmen meet with Delawar for talks
Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.
According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.
In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.
Business
Supreme leader approves budget for 1403 solar year
The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”
This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.
As with the previous year, the budget has been drawn up exclusively using domestic revenues.
The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.
All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.
No further details were given.
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.
-
Sport5 days ago
Attack Energy’s flawless run ends in an ACL triumph
-
Sport4 days ago
Afghan cricket fans in for a treat as ATN secures rights to broadcast T20 World Cup
-
Latest News4 days ago
US says Palestinian state should come via talks, not unilateral recognition
-
Latest News4 days ago
Italians to build houses for Bamiyan cave dwellers
-
Regional3 days ago
Iran’s Raisi buried in Mashhad as mourners pack Iranian holy city
-
Latest News3 days ago
Aircraft fuel not imported to Afghanistan since last month: ACCI
-
Sport3 days ago
West Indies legend joins Afghanistan setup ahead of T20 World Cup
-
Climate Change3 days ago
Scorching heatwave in India’s Rajasthan kills nine