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Afghanistan to Use India’s 1 Billion Aid for Infrastructure Sectors

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(Last Updated On: October 24, 2022)

arg-finance__15-09-2016-dari-sot-mpg_snapshot_00-57_2016-09-15_20-00-51Afghanistan will use India’s 1 billion economic aid for infrastructure sector that can be a production  country, President’s spokesman said.

Haroon Chakhansori, President’s spokesman said, India’s aid to Afghanistan will be used in regular programs that a continued employment field provides for the people.

“A large part of this aid will be used for infrastructure sectors which includes; Health, agriculture, education, capacity building and construction of small and medium power dams,” said Haroon Chakhansori, President’s spokesman.

India offered $1 billion in economic aid to Afghanistan, the latest sign of tightening ties between the two countries.

Indian Prime Minister, Modi pledged the aid to Afghanistan after a meeting with Ghani, vowing to pledge India’s “abiding support for a unified, sovereign, democratic, peaceful, stable and prosperous Afghanistan.

Afghan finance ministry has also said that the ministry prepared a proper scheme for spending this aid.

“The aid will be used in a regular program that can have a direct effect on people’s economy,” said Ajmal Hamid Abdul Rahim Zai, Spokesman of finance ministry.

In the meantime, a number of National Assembly members stressed that using the foreign aids should have a transparent process.

“India is one of the honest friends of Afghanistan. The government should perfectly use this opportunity and use the aid in important sectors,” said Reyhana Azad, member of parliament.

India’s renewed support for Afghanistan will be especially crucial in the current context given the ongoing intensification of the Taliban’s offensive across the country.

Campaigns in Helmand and Uruzgan provinces have particularly intensified in recent weeks, leading to growing concerns in Afghanistan that the government could continue to cede territory to the extremist group that ruled the country before the U.S. invasion some fifteen years ago.

Both Modi and Ghani, in a statement issued after their meeting, additionally expressed concern ” at continued use of terrorism and violence in the region for achieving political objectives,” an implicit reference to Pakistan’s military and intelligence services.

According to Voice of America, Indian Foreign Secretary S. Jaishankar clarified that Ghani and Modi spent considerable time discussing approaches to countering terrorism in the region.

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

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(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.

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

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(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.

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

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(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.

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