Business
Afghanistan’s Railways Authority reviewing operating contracts
Afghanistan Railways Authority (ARA) officials have said that operating contracts with neighboring countries for Afghanistan’s railway stations were formalized without taking the country’s best interests into consideration.
According to officials, tens of millions of dollars has been paid annually to companies from neighboring countries to run the stations.
ARA’s new leadership is now however working on a plan to outsource the operation of railway stations to Afghan companies so that it can benefit the Afghan national economy directly.
Bakht-u-Rehman Sharafat, director of ARA, said an Uzbekistan company has the contract to operate the port of Hairatan at a cost of $18 million a year. However, local companies are prepared to do the same work for much less, he said.
“The port of Hairatan, through which we carry most of our shipments, has been contracted by an Uzbek company for $18 million a year, while Afghan companies will do this for less than 25 percent of this amount,” said Sharafat.
Afghanistan’s private sector has also called on the country’s railway authority to increase trade capacity at its ports.
Members of the private sector said the local economy will improve if railway services expand.
“If we can do our export by rail, it will be cheaper for us and with that we will be able to expand our exports and lower our prices,” said Abdul Jabar Safi, the director of the Afghanistan Industries Association.
Business
Afghan economic commission approves 12 major development projects across key sectors
In the infrastructure sector, projects include connecting the eastern Kandahar substation to the new central substation in Tarinkot, as well as a major electricity transmission project from Kajaki dam to New Tarinkot.
The Economic Deputy Office of the Prime Minister says 12 major development projects have been approved in the latest meeting of the Economic Commission and referred to relevant departments for implementation.
According to the statement, the approved projects include the transfer of imported electricity to the province of Paktika, construction of a double-circuit transmission line from Ghazni, completion of remaining substation works, and expansion of the national power network.
The package also includes extension of electricity lines from the Nurul-Jihad substation to the provinces of Herat, Farah, and Nimroz, as well as supplying electricity to Seydan village in the Grishk district of Helmand.
In the infrastructure sector, projects include connecting the eastern Kandahar substation to the new central substation in Tarinkot, as well as a major electricity transmission project from Kajaki dam to New Tarinkot.
Other approved projects include irrigation schemes in Faryab, upgrading and activating the 350-bed Aino Mina hospital in Kandahar, construction of a grand mosque with a capacity of 40,000 worshippers in Nimroz, and expansion of the Torghundi–Herat and Andkhoy–Shiberghan–Mazar-i-Sharif railway lines.
Officials say these projects aim to strengthen infrastructure, improve public services, and support economic growth across the country.
Business
Afghanistan, Iran sign 23-point MoU to expand border trade
Business
Afghanistan and Shanghai Chambers sign trade and investment cooperation agreement
The Shanghai Chamber of Commerce welcomed the Afghan delegation and stressed the importance of expanding practical and long-term economic cooperation between the two sides.
The Afghanistan Chamber of Commerce and Investment (ACCI) has announced that a high-level delegation led by Sayed Karim Hashimi held talks with the Shanghai Chamber of Commerce and Industry and Chinese investors in Shanghai.
During the meeting, Hashimi described Shanghai as one of the world’s leading economic and investment hubs, emphasizing Afghanistan’s strategic location in the heart of Asia as a key bridge between Central and East Asia.
He highlighted China’s Belt and Road Initiative as a major opportunity for regional economic cooperation and reaffirmed Afghanistan’s readiness to actively participate in the framework.
Hashimi also said Afghanistan’s private sector is prepared to expand cooperation with Chinese investors in mining, agriculture, industry, transit, logistics, technology, manufacturing, carpets, precious stones, medical products, and banking sectors.
The Shanghai Chamber of Commerce welcomed the Afghan delegation and stressed the importance of expanding practical and long-term economic cooperation between the two sides.
At the end of the meeting, a cooperation agreement on trade and investment was officially signed between the two chambers.
The delegation also included senior members of provincial chambers and leading Afghan business figures.
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