Business

MoAI to Spend $ 160 Million on Farmlands

Published

8 years ago

August 9, 2016

(Last Updated On: October 24, 2022)

Ministry of Agriculture and Irrigation(MOAI) will be spending $ 160 million for the inhibition of water and paving agricultural lands.

MoAI decides to pave 60,000 acres of agricultural lands and create five water canals which the project will be implemented in 30 provinces of the country.

Deputy of the MoAI has signed the contract of this project with a number of private companies on Tuesday.

Officials in the ministry say, currently 50 percent of Afghanistan waters wasted due to the lack of water management.

Meanwhile, a number of farmers called this project effective for the agriculture growth.

Nearly 60 tractors and 95 paving machines will be used for this project that worth $ 160 million from the budget of agriculture ministry.

Agricultural sector of Afghanistan is facing a number of problems that need to be addressed properly and long term and nicely coordinated plans are needed for the resolution of these problems permanently.

One of the main problem is the absence of a proper system of irrigation. Almost 90% of our farmers depend on the water of river and canals but the system of canals has not been upgraded from many decades and a lot of water is wasted due to soil absorption and evaporation.

Afghanistan’s agricultural industry has traditionally driven the country’s economy. But according recent estimates, Afghanistan currently has an export deficit, meaning more goods are brought in from abroad than are exported to neighboring countries.

Business

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

Published

1 day 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

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.