Connect with us

Business

World Bank Commits to Continue Long-Term Cooperation with Afghanistan

Published

on

(Last Updated On: October 24, 2022)

ceo-worldChief Executive Officer, (CEO) Abdullah Abdullah met with Kyle Peters, senior vice president of the World Bank in Sepedar Palace on Saturday, Executive Office said in a press release.

The press release said Afghanistan has praised the World Bank’s efforts and cooperation in investment, assisting the private sector and the start of electricity generation program from gas in Balkh province.

CEO has urged the World Bank to pay serious attention on the problems of Afghan refugees returning to home.

The senior vice president of the World Bank, Kyle Peters has committed to address the problems and announced support for the regional programs, the press release added.

Currently, the World Bank is supposed to play a key role in implementation of CASA 1000 project; the Bank has allocated $ 800 million for the infrastructure parts of this project.

The World Bank is one of the main financiers of CASA-1000 project.

The $1.17 billion CASA-1000 project aims to supply electricity from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan via a 1,222-kilometer power transmission line. The goal is to supply 1,300 MW of electricity–excess summer generation in Central Asia–to South Asia. Crossroads Asia has published a number of articles critical of the project.

Recent political developments and the readiness of the government for Brussels Conference were also discussed in the meeting.

Advertisement

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

on

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Continue Reading

Business

Afghanistan starts exporting via railway to Turkey

Published

on

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Continue Reading

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

on

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!