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Mullah Baradar: Soon we will have sufficient domestically produced electricity

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(Last Updated On: May 11, 2023)

Mullah Abdul Ghani Baradar Akhund, Economic Deputy of the Prime Minister, on Thursday said that soon Afghanistan will have sufficient electricity, produced locally, to service the country.

Speaking at the opening of the Kabul International Expo on the occasion of “Industry Week” he said industry and production are the backbone of the country’s economy.

“Electricity is necessary for industry and production, so I am giving good news to all citizens and especially industrialists that soon we will have sufficient domestically produced electricity,” Baradar said.

Baradar also said a country can develop when it has a strong industry and from this aspect, it is not only self-sufficient, but also exports its products to the rest of the world.

“Due to the unfortunate long wars and the lack of commitment and unwillingness of the rulers, Afghanistan has not been allowed to move fast economically, but Alhamdulillah, with the arrival of the Islamic Emirate, basic steps have been taken for the country’s economic growth, he added.

He also assured manufacturers and producers that if they guarantee quantity and quality of domestically manufactured goods, the IEA will raise tariffs on the same products that are imported so as to boost the local market.

Baradar called on Afghan investors living abroad to return to their country, invest in Afghanistan and take an active role in the recovery of the country’s economy.

“The Islamic Emirate stands by all industrialists and considers any kind of support as its responsibility,” Baradar said.

Baradar also thanked manufacturers who have already invested in various sectors.

The Kabul International Expo opened on Thursday and is showcasing domestic products in support of local businesses. A total of 550 local manufacturers are exhibiting products that encompass about 50 different sectors.

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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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