Business
TAPI-ILF Companies Signed TAPI Designing Project MoU in Kabul
The memorandum of Understanding of designing of TAPI project was signed between the TAPI company and ILF German company in Kabul in front of the President of Afghanistan’s eyes, the project would worth $4,7 Billion and will be implemented incoming 4 years after the designing in two period of times completed.
Acting Minister of Mines and Petroleum Ghazal Habibyar said, “The following project would introduce Afghanistan strategic location remarkably as the center of Electricity transit and energy to middle Asia and south Asia.”
Meanwhile Chief of the TAPI company limited Murad Amanov said, “Speaking about the legal basis of the TAPI project, one would agree that enormous work has been done to sunshine hold agreement and investment agreement respectively in 2015 and 2016, all four parties commitment to develop and invest the TAPI project, work is also underway to attract the investors to TAPI project, TAPI project has received lots of number of offers of interest for participation in the project.”
TAPI project would transform 33 billion cubic meter of Gas from Turkmenistan to Afghanistan, Pakistan and India annually, and Afghanistan will gain $ 4 million dollar from only its Gas transits to Pakistan-India.
Reported by: Lida Naizi
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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