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Lack of regular programs main cause for investment
The Chamber of Commerce and Industry said that the lack of regular programs has made investors to face many problems in the country.
Officials in Chamber of Commerce and Industry noted that as long as foreign investors do not be aware of regular insurance programs, they will not invest in Afghanistan.
Business insurance in any country is said to be an important element in the investment.
“Currently, there is no regular program that the business companies to have insurance based on it,” Khan Jan Alkozai, deputy of chamber of commerce said.
According to Alkozai, if the same situation continuous, foreign investors will not be willing to invest in the country.
Meanwhile, the ministry of finance has also is not consider the insurance law accountability.
“The new leadership of the finance ministry wants to the new insurance plan to be finalized so that the problems of investors can be resolved,” Ajmal Hamid Abul Rahim Zai, spokesman of finance ministry said.
Rahim Zai also stressed that the new scheme of insurance has been edited in 16 chapter and 160 articles and has submitted to ministry of justice.
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IEA and Syrian FMs hold phone talks, express hope for bilateral ties
The Islamic Emirate's Acting Foreign Minister Amir Khan Muttaqi has held a telephone conversation with Syrian Foreign Minister Asaad Hassan al-Shibani, the ministry said in a statement.
Hafiz Zia Ahmad Takal, the Ministry's deputy spokesman, stated that during the conversation, Muttaqi congratulated the Syrian government on their success, praised their stance on general amnesty and good governance, and expressed hope for the establishment of regular diplomatic relations between Afghanistan and Syria.
Takal added that the Syrian Foreign Minister also expressed hope for the expansion of bilateral ties and for delegations from both sides to meet and engage in discussions.
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IEA spokesman announces NDC has built a rail for the first time
Zabihullah Mujahid, spokesperson for the Islamic Emirate, has announced that the National Development Corporation (NDC) has successfully built a rail for the first time in Afghanistan.
Previously, Mujahid also revealed that the NDC had produced both a freight truck and a passenger vehicle, further highlighting the corporation's growing role in boosting Afghanistan's industrial capabilities.
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Qosh Tepa Canal phase 2 surpasses 81% completion
In a significant milestone for Afghanistan's infrastructure development, officials from the National Development Corporation (NDC) have announced that the second phase of the Qosh Tepa Canal in northern Afghanistan is now 81 percent complete, with the construction of its dam progressing steadily at 67 percent. This ambitious project is poised to transform the region, enhancing irrigation systems and boosting agricultural productivity.
The ongoing work on this irrigation project is taking place in the Andkhoy district of Faryab province, where hundreds of machines are actively involved. NDC officials have confirmed that the second phase of the canal will be completed in the coming months.
Nabiullah Arghandiwal, spokesperson for the NDC, stated, “The second phase of the Qosh Tepa Canal is currently 81 percent complete, with thousands of machines and workers engaged in the project.”
Arghandiwal also highlighted the construction of six large bridges along the canal in Balkh and Jawzjan provinces. Two of the bridges are completed, and the remaining four are expected to be operational soon.
Economic experts believe that once completed, the canal will help Afghanistan achieve self-sufficiency in grain production and generate numerous job opportunities in various sectors.
Young workers involved in the project have expressed their satisfaction with the employment opportunities it provides. They are calling on the government to launch similar development projects to combat youth unemployment.
Abdul Ghani, a worker, remarked, “This project is progressing very well, and I urge the Islamic Emirate to implement similar projects.”
It is important to note that the entire funding for the Qosh Tepa Canal project is sourced from domestic revenue.
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