Business
MoF, China Sign Grant Agreement of $72 Million
Afghanistan Ministry of Finance (MoF) and China signed grant agreement of $72 million during a press conference on Tuesday.
According to MoF, this grant would be expended for housing projects in the center and provinces, government administrations complex and other priority projects of Afghanistan.
Minister of finance, Eklil Hakemi said, ” China is one of the main donors of Afghanistan that supported in infrastructures, housing and other priority projects including today’s grant agreement of 72 million USD which is going to be used in different sectors.”
“We are grateful of generous contribution of China”, said Minister Hakimi and added: “Afghanistan emphasizes on China’s long-term contribution, there are many opportunities for relation development between two countries and within using them the relation could be expanded and they make advantages of them”.
Ambassador of China to Afghanistan said: “we are committed to provide contribution to Afghanistan in different sectors and we will work together with Afghan Government to make use of this grant in effective way”.
China would jointly work with Afghanistan in the physical and social security, education, infrastructure, housing and other sectors.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
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.
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.
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