Business
MPs Reject Next Year’s Budget Again
Members at the lower house of the parliament have reviewed the allocated budget for the year of 1396 but due to significant criticism it was rejected for the second time.
Meanwhile chief financial committee of the lower house of the parliament said some members of the house have ignored the National interests by rejecting the budget for the second time.
MP Eng, Sahib Khan said, “I demand the members of the house to observe the sensitive condition of the country and approve the budget.”
“ I ask all the lawmakers to reject the budget we see a lot of issues in it.” MP Samiullah Samim said.
After lots of discussions members at the house have decided to review the following budget in upcoming session.
Chief of the Financial and budget committee of the house AmirKhan Yar said, “We have few representatives who rarely think nationally, and if they consider the National interests they should pass the document.”
428 billion Afghani has been allocated for the upcoming budget 1396 where 24 percent goes for common budget and 36 others goes for the development budget.
Reported by: Rafi Sediqee
Business
Tatarstan businessmen keen to invest in Afghanistan’s oil and gas sector
The Ministry of Mines and Petroleum says that the head of the ministry has met with a number of visiting businessmen and representatives of oil and gas processing companies from the Republic of Tatarstan.
The ministry said at the recent meeting, the visiting businessmen outlined their experience and work in the field of oil and gas extraction and processing.
In a post on X, the ministry quoted the Tatarstan group as having acknowledged an “orderly system” in Afghanistan with complete security and favorable grounds to invest.
The visitors said at the meeting their companies are considering the possibility of investing in the survey, exploration and extraction processes of oil and gas in the country, as well as the refinement stage.
Shahabuddin Delawer, Acting Minister of Mines and Petroleum, welcomed the group’s enthusiasm and said “fortunately, Afghanistan has rich oil and gas resources in various areas,” adding that currently agreements are being drawn up regarding Herat’s oil and gas blocks – something which Tatarstan businessmen could invest in.
Delaware said that the Ministry of Mines and Petroleum is ready to cooperate in accordance with the relevant laws in order to facilitate investment.
Tatarstan, officially the Republic of Tatarstan, is a republic of Russia located in Eastern Europe.
Business
Afghanistan and Turkmenistan firms sign over 10 contracts on construction, food materials
Afghanistan and Turkmenistan companies have signed more than 10 contracts and two memorandums of understanding on construction materials, including iron bars, paint, marble and food materials.
The contracts were signed during the trip of a Turkmen business delegation to Herat province and in the presence of Nooruddin Azizi, Acting Minister of Industry and Commerce.
“There is excellent opportunity for the expansion of trade and economic relations between Afghanistan and Turkmenistan, which both sides should take full advantage of,” Azizi said at the signing ceremony of these contracts, according to a statement released by the Ministry of Industry and Commerce on Tuesday.
The Ministry of Industry and Commerce pointed out that the contracts were inked as a follow-up to visit of the acting minister to Turkmenistan and meeting with its national leader Gurbanguly Berdi Mohammadov.
Earlier, the delegation from Turkmenistan’s private sector said that their goal is to expand economic relations between the private sectors of the two countries. They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Business
Turkmenistan’s industrialists keen to buy Herat-made construction material
Union of Turkmen industrialists is interested in a contract with Herat industrialists in the field of construction materials. The economic delegation of Turkmenistan, which has been in Herat for the past three days, has visited various plants including marble and iron and also paint manufacturers.
The delegation, which is from Turkmenistan’s private sector, says that their goal is to expand economic relations between the private sectors of the two countries.
They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Contracts for the sale of marble, paint and iron bars between the two countries are expected to be signed soon.
“During this trip that we were in Herat and the products that we saw in the factories and especially the works that were handicrafts in the field of marble and onyx, these are really amazing, naturally, in the world of industries handicraft is said to be one of the most expensive and popular products, so we were surprised by the products we saw here,” said a member of the delegation from Turkmenistan.
Herat Chamber of Industries and Mines says that there is now the capacity in Herat Industrial City to produce enough goods in various sectors to export abroad. At present, there are about 40 companies operating in the marble processing sector.
An agreement with the Turkmenistan union for construction materials could be a valuable step for Herat business owners.
Some factory owners also believe that the production of construction materials has improved in recent years, and that the capacities in the production and processing of marble and iron bars have also increased.
Herat Chamber of Industries and Mines says that currently more than 800 factories are active in the industrial town of this province.
-
Science & Technology5 days ago
China launches historic mission to retrieve samples from far side of the moon
-
Latest News4 days ago
Trans-Afghan railway project expected to be completed by end of 2027: Uzbek official
-
Sport5 days ago
Aino Mina and Khorasan secure 2-1 wins in Friday’s ACL matches
-
Sport3 days ago
Du Plessis, Kohli help Bengaluru stay in IPL play-off race
-
World4 days ago
Hamas, CIA director to hold talks in Cairo on Gaza truce
-
Latest News5 days ago
AWCC launches telecom services in Kunar’s Noor Gul district
-
Latest News5 days ago
Afghan journalists ‘must be celebrated, supported and protected’: UNAMA
-
Latest News3 days ago
Ban on opium cultivation in Afghanistan cost farmers $1.3 billion