Connect with us

Business

Modi-Ghani to inaugurate Salma dam on Saturday

Published

on

(Last Updated On: October 25, 2022)

6

Indian Prime Minister Narendra Modi will travel to Afghanistan for the second time in six months this weekend, on a one-day visit to inaugurate a dam with Afghan President Ashraf Ghani, India’s foreign ministry said.

The dam, in western Herat district close to the Iran border, is one of two large projects carried out under India’s development partnership with Afghanistan, worth more than $2 billion.

“The completion of the Afghan-India friendship dam represents the culmination of years of hard work by around 1,500 Indian and Afghan engineers and other professionals in very difficult conditions,” Vikas Swarup, foreign ministry spokesman told reporters of the Saturday visit.

Afghanistan President Deputy Spokesman DawaKhan Minapall said,” Both leaders after the inauguration will discuss the Afghanistan ongoing situation, and further will also talk about the military and economy of countries.”

Meanwhile Afghan lawmakers have declared the role of India in Afghanistan stability and peace vital, inauguration of Salma dam will strengthen the mutual ties of both countries.

Mp Raihana Azad said,” Several India projects in Afghanistan will bring closer both countries, this will help the peace and stability of Afghanistan.”

Despite of water dam India has built a new complex for Afghanistan parliament at an estimated cost of $90 million which was inaugurated by the PM Modi in December.

India and Afghanistan recently signed a three-way transit agreement with Iran to develop its southern port of Chabahar, as Modi visited Tehran last month.

“The real image that India has in Afghanistan is as a partner which has stood by… through its difficult times, a partner which has contributed immensely to Afghanistan’s development, unlike some partners who have contributed to instability and terrorism,” Swarup said, in an apparent reference to Pakistan.

The deal, bypassing Pakistan to connect Iran, India, and Afghanistan to central Asia, would boost economic growth in the region, Modi said at the time.

Salam dam cost $270 million the following dam will produce 42 mega watt electricity and will water 72,0000 acres of lands in Herat province.

Reported by Abdul Aziz Karimi

Advertisement

Business

Afghanistan, Pakistan agree to abandon barter trade, establish banking relationships

Published

on

(Last Updated On: March 29, 2024)

Afghanistan and Pakistan agreed to abandon barter trade and to establish banking relationships during the two-day talks in Kabul, the Islamic Emirate’s spokesman Zabihullah Mujahid announced late Thursday.

The agreement came during talks between Afghan delegation led by Acting Minister of Industry and Commerce, Nooruddin Azizi, and the Pakistani delegation led by Federal Secretary of Commerce Muhammad Khurram Agha.

It was agreed that the Pakistani side will facilitate the transfer of goods from international containers to regional containers in the ports of Karachi in the next six months, Mujahid said in a statement.

An agreement was made regarding preferential trade, where both sides will give tariff preferences to those 10 items of export goods, 8 of which are agricultural and 2 items are industrial.

The sides agreed on a temporary free license for truck traffic for one year as a trial period, which will be implemented from May 2024.

They also reached an agreement regarding the transfer of goods through the airports of the two countries in the form of multi-modal air transit, which will start in the next two months.

As part of Pakistan’s recent measures regarding Afghanistan’s transit goods, it was agreed that within a week, the mandatory bank guarantee should be removed and insurance should be used as before, in consultation with the parties, the necessary measures will be taken to remove other obstacles.

The export of coal from Afghanistan to Pakistan was also discussed and the Pakistani side expressed its readiness to buy it at the international price, according to the statement.

Earlier Pakistan’s Charge d’Affaires for Afghanistan, Ubaid-ur-Rehman Nizamani said in a video message on Wednesday that the recent trade talks in Kabul had been “successful” and that he hoped this would give fresh impetus to bilateral trade between the two countries.

Continue Reading

Business

Pakistan’s commerce delegation wraps up ‘successful’ trip to Kabul

Published

on

(Last Updated On: March 28, 2024)

Pakistan’s Charge d’Affaires for Afghanistan, Ubaid-ur-Rehman Nizamani said in a video message on Wednesday that the recent talks between Islamabad’s commerce delegation and Afghan officials had been “successful” and that he hoped this would give fresh impetus to bilateral trade between the two countries.

“I’m happy to report that this was a successful visit and both sides have agreed to work together for mutual benefit on a number of areas.

“They will facilitate transit, they will facilitate bilateral trade and they will take all possible measures that create an environment for continuous and productive trade and economic relations between the two countries,” he said.

The delegation, led by Commerce Ministry Secretary Khurram Agha, arrived in Kabul on Monday and had numerous talks on various issues with Islamic Emirate officials.

The visit came amid deteriorating bilateral relations following several suicide attacks in Pakistan in the last couple of months that Islamabad attributes to the Tehreek-e-Taliban Pakistan (TTP) militants, a group they claim is based in Afghanistan.

Diplomatic tensions between the two countries over the last few months have led to economic losses, as key border crossings for trade and travel have closed intermittently, resulting in goods trucks being held up at border posts.

Afghanistan’s Minister for Industry and Commerce Nurudin Azizi meanwhile said the IEA had held fruitful negotiations in a cordial environment with the visiting delegation.

“We discussed in detail with the Pakistani side specific issues related to heavy transport vehicles that will be resolved,” he said.

“We will achieve positive results as our discussions remained productive.”

Azizi said Afghanistan expected to sign a formal agreement with Pakistan within six months, allowing Pakistani trucks to enter Afghanistan and travel to the Central Asian states and Afghan trucks to go all the way to the Pakistani port cities of Karachi and Gwadar.

Apart from discussing trade-related issues, the two sides also focused on movement of passengers, patients and businesspeople across their common border during these talks.

Azizi noted uninterrupted trade and business between Kabul and Islamabad would play a significant role in creating a peaceful environment between the two countries and facilitate their economic development.

He said the two sides also pledged to enhance their existing trade volume, adding that both countries could become ideal markets for each other if they did not allow business to be affected by any geopolitical tensions.

Azizi also said Afghanistan could export agricultural products to China and other countries via Pakistan’s ports and cities.

Continue Reading

Business

Turkey’s 77 keen to start up cement plant in Jawzjan

Published

on

(Last Updated On: March 27, 2024)

Turkish construction company 77 officials have met with the acting minister of mines and petroleum, Shahabuddin Delawar, about investing in a cement factory in Yatim Taq area of Jawzjan province.

The minister, Shahabuddin Dalawar, has said the ministry will cooperate with the company but first needs a proposal, including details around how they plan to implement the project as well as social development plans.

Turkey’s 77 company has been working on electricity generation projects in Afghanistan for several years.

A number of industrialists say that if more investment is made in the cement production sector, not only will domestic demand be met, but the country’s cement will also be exported.

At the moment, cement is being produced by private companies in the provinces of Kandahar, Parwan and Herat.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!