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Government to build four dams in Zabul

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(Last Updated On: May 14, 2021)

The Afghan government said Friday that four dams would be constructed in Zabul province in order to help manage waters in the country, local officials said.

According to the officials, the dams – Mizan, Markok, Qaria Aja, and Allaudin – would be constructed at a cost of 132 million AFN.

The officials stated that the dams will be used for hydroelectric and irrigation purposes once the projects are implemented.

Ahmad Gul Rasouli, Governor of Zabul, stated that the dams could also produce between 61 to 77 MW of electricity.

The development comes as the government last month promised to begun constructions of 44 across the country this month.

According to the National Water Affairs Regulation Authority (WARA), the following dams, at an estimated cost of $600 million, would be contracted in 21 provinces.

Aghan Jan in Uruzgan; Mizan, Markok, Qaria Aja, and Allaudin in Zabul; Zardalo, Mullah Cheragh, and Chard in Ghazni; Gromby, Gorbat and Jalrez in Maidan Wardak; Gomal, Gomal Dowom, Zama, and Rustai Mirza in Paktika; Domand in Khost; Kharwar in Logar; Sori Khola in Paktia; Sultan Ibrahim and Qale Sokhta in Sar-e-Pul; Almar and Khisht Pol in Faryab; Rustai Aab in Samangan; Kantiwa and Kala Gosh in Nuristan; Aab Lory in Kandahar; Shoray, and Buzbai in Badghis; Wursaj Socha Maagh in Takhar; Dahane Mohammad Gicha in Bamiyan; Dare Bamsir in Daikundi; Shina, Zardag Bam, and Khair Maidanak in Ghor; Noor Gul and Qata Qala in Kunar; Pang Ziyan, Dare Shrasta, and Surkh in Nangarhar; Buzban in Ghor; Talkhak in Parwan; and Watan Gat in Laghman.

WARA stated that the dams, which will be used for hydroelectric and irrigation purposes, could store around 1,200 million cubic meters of water once the projects are implemented.

Once construction is complete, these dams will also irrigate an estimated 320,000 hectares of land, WARA said.

The Afghan officials said that the projects would also provide employment for thousands of people.

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Ministry of commerce allocates land for oil refineries

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(Last Updated On: March 14, 2024)

Acting Minister of Industry and Commerce Nooruddin Azizi, said in a meeting with oil refinery officials that as soon as they are ready to invest, the ministry will establish an oil and gas industrial park.

In this meeting, refinery officials discussed problems regarding the Qashqari oil field and agreed that land should be provided. They said oil extracted from Qashqari needed to be refined through the standard process.

Azizi, while announcing the cooperation and support of the Islamic Emirate and especially the Ministry of Commerce and Industry for the private sector of the country, said: “A joint proposal should be arranged and submitted to this ministry for the land of the refineries, and also if the officials of the refineries are ready to invest in the area of Dara-e-Hairatan, an oil and gas industrial park will be created and the land will be placed under their control.”

Azizi emphasized the need to increase the capacity of existing refineries and the quality of oil, shared the decision of the High Economic Commission regarding the establishment of a large refinery.

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Pakistan’s Federal Secretary of Commerce invited to visit Kabul

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(Last Updated On: March 11, 2024)

Acting Minister of Industry and Commerce, Nooruddin Azizi, has invited Pakistan’s Federal Secretary of Commerce Mohammad Khurram Agha to visit Kabul.

In a virtual meeting, the two sides discussed the progress made in the last two and a half years in the country, the increase in trade between the two countries, solving problems and removing trade and transit barriers.

They also discussed the need for more facilities, establishing close relations between the governments and private sectors of the two countries and boosting regional cooperation, the Ministry of Industry and Commerce said in a statement Monday.

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Headline inflation in Afghanistan down to -10.2% in January: World Bank

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(Last Updated On: March 11, 2024)

In January 2024, headline inflation experienced a significant downturn, reaching -10.2 percent on a year-on-year basis, the World Bank said in a report.

This substantial drop was largely due to a sharp decline in prices across both food and non-food categories, the report said.

Moreover, core inflation, which strips out the typically volatile food and energy sectors, also fell into negative territory, posting a rate of -6.5 percent on year-on-year basis.

“This ongoing core deflation reflects a troubling inability of both private and public sectors to stimulate sufficient demand. While this period of falling prices may offer temporary financial relief to the most vulnerable households by reducing the cost of living, it can also harm the broader macroeconomy,” the World Bank said.

According to the bank, Afghanistan’s exports contracted by 5 percent on year-on-year basis to $140.5 million in January 2024, down from $148.1 million the previous January.

Food exports to India jumped by 22 percent, compared to an 18 percent decline in Pakistan. Pakistan and India continued to be the top export destinations, claiming 45 percent and 34 percent of the total exports in January 2024, respectively.

The 2023 growth trend in imports extended into January 2024, hitting $830 million, up 37 percent from $600 million in January 2023.

According to the report, in 2023, the afghani (AFN) saw a significant 27 percent appreciation against the US dollar, buoyed by the influx of around $1.8 billion in UN cash shipments and an estimated $2 billion in remittances.

Revenues have been below the Islamic Emirate of Afghanistan’s (IEA) target during the first eleven months of FY2024, with border taxes underperforming despite a surge in imports.

Over the eleven-month span of FY2024, from March 22, 2023, to February 21, 2024, Afghanistan’s revenue collection reached AFN 189 billion, narrowly missing the target by 2 percent but marking a 5.6 percent increase from the previous fiscal year, the report said.

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