Business
USAID Funds $ 100 Million for Afghanistan to implement 10 Indicators
Officials in Ministry of Finance have stated that US Government has provided $ 100 million for the 10 indicators to be implemented in Afghanistan and the aid will be paid by the USAID in coming 4 years.
Meanwhile representative of the United States Agency for International Development USAID stated that Brussels summit is the main factor that made Afghan leaders to meet commitments to receive the financial aid.
Minister of Finance Mohammad Iklil Hakimi said,” The following aid will paid for the implementation 10 reconstruction indicators each one costs $ 20 million, since we are in the middle of the fiscal year 5 indicators has been implemented and now we witness signing of receiving the $100 million.”
Ways of the implementation of the commitments by the Afghan Government will be reviewed by the USAID therefore US Government annually pays $ 200 million for Afghan Government.
“ US Government pays funds for Afghan Government and USAID reviews the ways of spending aids which were allocated for the reconstruction of Afghanistan, in the final phase the money will be added into our accounts Minister of Finance Mohammad Iklil Hakimi said,”
USAID representative William H for Afghanistan- Pakistan declared the earliest implementation of the commitments which were met by the Afghan Government was the Brussels summit.
He said,” While providing the Afghan Government opportunity and flexible assistance that enable it to lead its own development trajectory based on its own priorities, earlier this week, USAID completed a very robust verification process looking at verification of the indicators and associated results, under this trench 3 of the new development of the partnership for this year 2016, despite of incredibly busy season, as we prepared for the Brussels conference on Oct 5th the Government of Afghanistan was successful in completing these results early near the six months before agreed upon target date, after true verification, USAID and the Ministry of Finance have determined that the Government eligible to receive $ 100 million for the achievement of the results.”
Giving the Afghanistan air control to a reliable International company, Afghanistan supplies electronic payment system, efforts to ensure peace and safety for Women, bringing changes into the administrative reformation system, adjusting of the taxation law on incomes, drafting the provincial budget are the upcoming programs where the $ 100 million will be spent on.
Reported by Ali Asghari
An unnamed Afghan businessman is reportedly ready to invest up to $12 million in iron ore mining in Panjshir province, the provincial governor’s spokesman Saifuddin Laton said Sunday.
According to Laton, the businessman has shown interest in investing between $3 and $12 million to mine an area covering 22 square kilometers in Paryan district in Panjshir.
Laton said the contract for this project has been approved by the Economic Directorate of the Prime Minister’s Office of the Islamic Emirate of Afghanistan (IEA).
In addition to extraction, the businessman will also carry out the processing and packaging of the iron ore within the province to create greater added value.
Laton said that in the first phase, the company will launch an exploratory program of the reserves over six months, during which around 500 jobs will be created.
After completing this phase, formal extraction work will begin, he said.
Afghanistan possesses substantial iron ore reserves, estimated at 2.2 billion tonnes, making it a top 10 country for extractable iron.
The largest deposit, Hajigak, is located in Bamiyan province, and contains an estimated 1.7 billion tonnes of high-grade ore.
Sadri Azam Osmani, Deputy Minister of Agriculture, Irrigation and Livestock, on Saturday left Kabul to participate in the 7th International Exhibition of Iran’s Export Capabilities in Tehran.
The expo will be held from April 28 to May 2. According to the organizers, between 2,000 and 3,000 foreign traders from around the world are expected to attend.
Osmani expressed hope that this trip will pave the way for the growth of trade and attract more investments to Afghanistan.
Business
Pakistan’s deputy PM discusses Trans-Afghan Railway Line project with Uzbek FM
On Thursday, in a post on X, Pakistan’s Foreign Ministry said Dar hoped that the three countries would soon sign the framework agreement for this important regional connectivity project.
Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar held a telephone conversation with the Foreign Minister of Uzbekistan, Saidov Bakhtiyor Odilovich, on Thursday to discuss the Trans-Afghan Railway Line Project.
This comes after Dar’s recent visit to Kabul, where he held talks with officials on the planned Uzbekistan-Afghanistan-Pakistan Railway Line Project.
The three neighboring countries signed an agreement in February 2021 to construct a 573-kilometer railway line through Afghanistan, connecting landlocked Central Asia to Pakistan seaports, with an estimated cost of $4.8 billion to enhance regional economic connectivity.
On Thursday, in a post on X, Pakistan’s Foreign Ministry said Dar hoped that the three countries would soon sign the framework agreement for this important regional connectivity project.
The two leaders also discussed strengthening bilateral relations, enhancing economic and trade connectivity, promoting people-to-people ties, and exchanged views on current regional and international issues.
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