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US businessmen enthusiastic to invest in Afghanistan

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Since US-Taliban’s Doha agreement, American businessmen have become more interested to invest in Afghanistan.

Officials of the Afghan-American Chamber of Commerce say that there are more opportunities to trade and do investment in Afghanistan.

Moreover, they added that Afghan-American businessmen have scheduled to hold a joint meeting in June to discuss business in Afghanistan.

The head of the Afghan-American Chamber of Commerce Jeffrey Grieco says that the US businessmen’s enthusiasm has surged to invest in Afghanistan since the signing of the US-Taliban agreement for bringing peace to Afghanistan.

The Chairman of the Board of Afghan-American Chamber of Commerce, Sulaiman Lutfi, said, “The opportunities that are there in Afghanistan should be used by companies for investment and joint ventures.”

American businessmen also believe that there are many opportunities to do investment in Afghanistan.

Matt Nislay, an American businessman, said that he personally was very excited about the opportunities for investments in Afghanistan and that these ventures could be further explored.

According to the aforementioned officials, said that the annual trade between Afghanistan and America was worth USD60 million, out of which USD55 million marked import and the other USD5 million was of export – a huge amount of it goes to carpet trading.

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Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan

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Bayat Power’s 40-megawatt gas-fired power turbine has resumed operations in Jawzjan province following an inauguration ceremony attended by Mullah Abdul Ghani Baradar Akhund, Deputy Prime Minister for Economic Affairs, on Saturday.

During the ceremony, Mullah Baradar praised Bayat Power’s investment in gas-fired electricity generation and encouraged other investors to invest in the electricity sector and other areas of the country’s economy.

He said the Islamic Emirate of Afghanistan had taken significant steps towards economic growth and industrialization, creating favorable investment opportunities across the country.

Mullah Baradar also called on investors and industrialists to contribute to Afghanistan’s reconstruction and development and help create employment opportunities for the Afghan people.

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Afghanistan’s finance minister travels to Iran for official visit

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Afghanistan’s Minister of Finance, Mohammad Nasir Akhund, has travelled to Iran at the head of a delegation following an official invitation from Iran’s Minister of Agriculture, the Ministry of Finance said.

During the visit, Akhund is expected to meet with various Iranian officials to discuss bilateral economic, trade, customs and other related issues.

The visit will also include discussions on key topics for an upcoming meeting of the joint economic commission between Afghanistan and Iran.

 
 
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Newly rehabilitated power line to benefit 60,000 consumers in Faryab

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Afghanistan’s Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Saturday inaugurated the rehabilitated 110-kilovolt (kV) power transmission line connecting Maimana and Andkhoy in Faryab province.

According to the Deputy Prime Minister’s Office for Economic Affairs, the completion of the project will provide around 60,000 consumers with a more stable and reliable electricity supply.

Speaking at the inauguration ceremony, Baradar said the project would help meet local electricity needs, expand industrial activities and contribute to the region’s economic and social development.

He said the Islamic Emirate of Afghanistan (IEA) had implemented several electricity generation and transmission projects in a relatively short period, reducing reliance on imported electricity and power outages while creating new opportunities for industrial growth.

Baradar also said several major electricity infrastructure projects would be implemented over the next year to ensure a sustainable power supply, adding that the country’s existing electricity capacity would increase several times.

Addressing Afghanistan’s security situation, Baradar said the country was currently experiencing a level of security that he claimed was unmatched in most countries. He added that foreign tourists and visitors had continued to travel to Afghanistan since the IEA returned to power, including to remote areas of the country.

He rejected security-related concerns raised by some countries over travel to Afghanistan, describing them as unfounded and politically motivated. He called on the international community to strengthen meaningful engagement with Afghanistan based on realities on the ground.

Baradar also invited domestic and foreign investors to invest in Afghanistan, saying a secure and suitable environment had been created for large- and medium-scale investments.

 

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