Business

Gov’t resumes Banayi, Sanayi housing projects

Published

8 years ago

October 11, 2016

(Last Updated On: October 24, 2022)

Minister of the Urban and Housing of Afghanistan Sayed Mansour Saadat Nadiri has jumped start the construction of the Hamkim Sanayi and Banayi housing projects where the construction process was stopped due to financial, legal issues but the representatives of the private construction companies promised to re-begin construction activities over the two projects by Wednesday.

In order to jump start the constructions of the two towns the Presidential palace have provided 940 million Afghani as loans to re begin the construction phase, 84 residential blocks will be built where it will house 3780 families.

Minister of Urban and Housing Sayed Mansour Saadat Nadiri said,” The main reason where the construction process stopped was the Government low shares, now things are ready and the re construction process begins again, it will also resolve part of the social problems of the residents who are suffering from having no shelters.”

Despite of Government share 70 private construction companies are holding shares, the representatives of the companies are optimistic saying the construction of the towns will create jobs opportunities for the residents.

Representative of private construction company Masoud said,” Construction process was stopped due to several issues, we will practically start the re construction of the projects by tomorrow, this will significantly impacts over boosting the economy of the country.”

Officials in Ministry of Urban and House claimed that Government of Afghanistan has solid decision to resolve the lack of shelters issues within the society, earlier the Khojarawash residential town was built with the cost of 700 million Afghani.

Business

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

Published

16 hours 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

2 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

5 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.