Business

‘CASA-1000’ Quadrilateral Summit Held in Tajikistan

Published

7 years ago

July 6, 2017

(Last Updated On: October 24, 2022)

A trilateral summit between Pakistan, Afghanistan and Tajikistan and a quadrilateral summit of CASA-1000 member nations held in Dushanbe city, the capital of Tajikistan.

The CASA-1000 project aims at developing energy corridor and land connectivity between Tajikistan, Afghanistan and Pakistan.

Tajikistan president expressed concern over the slow process of works for implementation of electricity transmission project from Central Asia.

“From our view, the project is out of date. We believe that it is important to prevent the slow process of CASA 1000 project and increase our joint efforts in specified areas,” said Tajikistan President Emomali Rahmon.

President Ghani also noted about the government’s efforts for the implementation of the project.

“Afghanistan has devoted its great efforts to turn CASA 1000 into one practical project,” said President Ghani.

Prime Minister Nawaz Sharif also said Pakistan needs energy for its socio-economic development and run its industrial sector to its full potential. He said the project would help generate employment opportunities and uplift standards of living of people of Pakistan.

CASA-1000 is project for the supply of electricity from Tajikistan and Kyrgyzstan to Pakistan and Afghanistan, which started in 2016. The project is expected to be completed by 2018 and is expected to provide 1,300 megawatts of electricity to Pakistan.

The World Bank had approved a grant of $526.5 million for the project in March 2014.

Business

Export volume totals over $140 million in last month of 1402

Published

2 days ago

April 17, 2024

Ariana News

(Last Updated On: April 17, 2024)

The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.

This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.

Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

3 days ago

April 15, 2024

Ariana News

(Last Updated On: April 15, 2024)

The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.

According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.

The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

6 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.