Business
Afghanistan: Not Willing to Sign Water Treaty with Anyone

Pakistan Government aimed to sign an treaty over share water with Afghan Government, amid officials in Ministry of Energy and Water insisted on implementation of International law and regulations over distribution and sharing of water with neighboring countries.
According to Da Nation Newspaper of Pakistan the Pakistan officials are busy drafting a mutual agreement over water of Kabul river, the news paper also reported that the move apparently comes after recent statements by Indian leaders that New Delhi wants to gift a water reservoir to Kabul over the river as a token of friendship with Afghanistan.
Officials in Ministry of Energy and Water insisted and saying that we will not sign any agreement to harm the Afghanistan National interests.
Deputy Minister of Energy and Water Abdul Baseer Azimi said, “We will not sign any agreement on sharing of water of Afghanistan to harm the country’s National interests.”
Economy experts said Afghanistan water should be managed based on the International laws and regulations, insisting Afghanistan does need its water itself more than its neighboring countries.
Economy expert Najmuddin Sais said, “We need our water more than our neighboring countries do, we need to manage our water, it has been years our water used by our neighboring countries.”
The experts have also insisted that Afghan Government should use the water for irrigation thousands acres of lands in the country, greening Agriculture, and generation of electricity for the residents.
Pakistan and Afghanistan share at least seven rivers but have signed no agreement on how to jointly manage the water, this may become a major issue as ongoing power and irrigation projects upstream in Afghanistan on shared rivers may impact water flow.
Afghanistan is building dams on the Kunar and Kabul rivers – tributaries of the Indus, Islamabad, in turn, is building its own water storage and hydroelectric projects on the Kabul River and its tributaries, without consulting Afghanistan.
Pakistan is one of the world’s most water scare countries and desperately needs to build more water storage.

Business
Five countries eager to invest in lithium mines in Nuristan: officials

The Islamic Emirate officials say five countries are interested in investing in the “lithium” mining sector in Afghanistan’s Nuristan province.
Mohammad Yunus Rashid, the deputy of youth in the Ministry of Information and Culture, said that Japan, the US, China, Qatar and the United Arab Emirates are among the countries that are interested in investing in the mining sector of lithium mines in Nuristan province.
“There is a lot of interest in lithium mining at the global level, five countries have made contact with the Islamic Emirate and said that they are ready to invest in this sector,” said Rashid.
According to officials, there are high capacities for economic self-sufficiency in the country and positive changes will be made in the economic development of the country in the near future.
Economic experts meanwhile believe that if the extraction and processing of the country’s minerals are done in Afghanistan, the country can get out of the economic crisis very quickly.
“There are trillions of dollars of capacity in Afghanistan’s mines, which should be invested, the statistics should be accurate, the regions should be determined, in which areas we have what kind of mines,” said Kamaluddin Kakar, an economic expert.
In addition, members of the private sector say they are trying to invest jointly and individually with foreign investors in the mining sector. They call on the Islamic Emirate to hand over mining contracts to companies that have the ability to process in the country.
Business
Customs duties on essential food items drops by up to 70%

The Ministry of Finance said that based on the decision of the leadership of the Islamic Emirate of Afghanistan, customs duties on basic food items have dropped by between 50 and 70 percent in the last solar year.
As a result of this decision customs duties have been reduced to the value of 6.7 million afghanis this year, the ministry said.
The decision to decrease customs duties on the food items that include flour, wheat, cooking oil, rice, and sugar, was to keep the prices down on local markets.
Business
Kunduz commerce department’s revenues rise by 48%

Kunduz Directorate of Industry and Commerce officials say their revenues have increased by 48 percent this solar year.
According to officials, the institution has collected more than 12 million Afghanis from the extension and distribution of licenses to manufacturing companies.
Mohammad Rahim Sirat, head of Kunduz Directorate of Industry and Commerce, said they distributed licenses to 112 people and renewed the licenses for 303 people.
Meanwhile, Kunduz Municipality officials also announced that they have collected 120 million Afghanis in 11 months of the current solar year, which shows a 40 percent increase compared to the same period last year.
Tajuddin Sohak, the spokesman for Kunduz Municipality, said they collected 120 million Afghanis this year, which shows a 40 percent increase from 86 million afghanis last year.
But shopkeepers and owners of manufacturing companies in Kunduz complain about the lack of a market for their products. They say that in the past their goods used to be exported abroad, but now exports have declined.
“In the past, we used to export to Iran, Pakistan, and Iraq, but our exports have decreased compared to the past. We ask the government to cooperate with us to provide the basis for export,” Wasim Akram, an entrepreneur, said.
Local officials in Kunduz say they have always tried to facilitate trade. They express hope that in the new year their efforts for foreign marketing of manufacturing companies will produce good results.
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