Business
Measurements Launched to Stop Coal Smuggling in Bamyan : Zaheer
Governor of Bamyan Taher Zaheer said necessary measurements was launched to stop illegal excavation and smuggling of the coal mines located in Kohmard, Saighan and Yakawlang areas, meaning that Afghan security forces have established check pots to ensures security.
During his interview with Ariana News the Governor accused Governmental departments for not implementing their development projects in Bamyan without Departments of Agriculture and livestock and rural rehabilitation and development.
Further he went and said,” sine I m appointed as the Government have been able to stop illegal excavation of coal mines and I have appointed Afghan security forces at the vicinity of the mines to ensure security and not let individuals to launch illegal excavation of mines.”
He has criticized some of the Governmental departments who didn’t implement the development projects in Bamyan therefore the residents of Bamyan still suffer from unemployment.
Mr. Zaheer said,” Without department of Agriculture and livestock and rural rehabilitation development none of the other Ministries have implemented their development projects in Bamyan to provide facility and boost the economy of the residents specially the Ministry of public interests.”
Bamyan is one of the centeral provinces of Afghanistan where dozens of coal mines are in it and the biggest coal mines are located in Kohmard, Saighan and Yakawlang area.
Reported by Fawad Nassiri
Business
Afghan, Turkmen and Turkish officials meet over key TAP-500 power project
Discussions focused on developing a joint roadmap and action plan for the project
In line with the Islamic Emirate of Afghanistan’s (IEA) aim to implement major projects that have been on the cards for years, the ministry of foreign affairs this week hosted a meeting between Afghan officials, representatives of Da Afghanistan Breshna Sherkat (DABS), Turkmenistan and Turkey’s Çalık Holding Group.
The meeting aimed to initiate the implementation of the TAP-500 electricity transmission project.
Discussions focused on developing a joint roadmap and action plan for the project.
The meeting was attended by an Afghan delegation including officials from the Ministry of Water and Energy and the national electricity company, DABS; officials from Turkmenistan’s Ministry of Energy and representatives from Çalık Holding Group.
The TAP-500 project is designed to transmit high-voltage electricity from Turkmenistan to Afghanistan’s provinces of Herat, Farah, Helmand, and Kandahar.
If all domestic needs are met, then the electricity will be further exported to Pakistan, generating annual transit revenue for Afghanistan.
facilitate the implementation of the project, the Afghan side announced the establishment of a joint secretariat to coordinate efforts among various ministries and expedite the project’s execution.
The Representatives from Turkmenistan’s Ministry of Energy and Turkey’s Çalık Holding Group expressed satisfaction with the security and with the environment of cooperation on the part of Afghan officials.
All sides agreed to form technical committees and hold regular meetings to finalize agreements and implementation plans for the TAP-500 project.
Based on its economic-centric policy, Afghanistan reaffirmed its commitment to regional connectivity by highlighting progress on the CASA-1000 electricity transmission and TAPI gas pipeline projects.
After years of delays, the TAP-500 project is now set to commence, marking a significant step forward for Afghanistan’s energy sector and regional integration.
Business
Iran’s private sector keen to invest in Afghanistan
Nooruddin Azizi, the Acting Minister of Industry and Commerce, met with a delegation of Iranian private sector representatives on Sunday and they arrived in Kabul along with Iranian Foreign Minister Abbas Araqchi earlier in the day.
According to a statement issued by the Ministry of Industry and Commerce, the Iranian delegation expressed an interest in investing in the mining, agriculture and industry sectors, and announced their readiness to train Afghans in these areas.
They also stated they were interested in cooperating in the service, technical and engineering sectors, and in the exportation of minerals and agricultural produce from Afghanistan.
The two sides also discussed increasing the level of trade between the two countries, maximizing the use of Chabahar Port, preventing low-quality exports to Afghanistan, resolving issues at border markets, increasing exports to Iran, and reducing transportation and transit costs.
Meanwhile, Azizi, emphasized the need for joint cooperation in various fields, especially Chabahar Port.
He stated that Afghanistan has moved towards increasing trade in accordance with its policy plan, and that obstacles need to be removed.
The Acting Minister of Industry and Commerce noted that Afghanistan was committed to coordinating and cooperating closely with the Iranian private sector.
Business
Afghani weakens by 7% against US dollar in one week
Afghanistan’s currency has weakened by seven percent against the US dollar over the past week, according to daily exchange rates released by Da Afghanistan Bank (DAB).
Last Sunday, one dollar was trading at 73.70 afghanis (AFN), but is now at 78.90 AFN.
Acting Governor of Da Afghanistan Bank Noor Ahmad Agha said on Sunday that the weaker afghani is not due to economic reasons and that there is no cause for concern.
In a meeting with the Money Changers Union, Agha said that the supply of currencies through the auction process in the capital and provinces, the establishment of a special market for transparency and better regulation of currency exchange are among the important measures that the bank is undertaking.
He urged money changers to cooperate in preventing hoarding and smuggling of currencies, keeping national interests in mind.
Agha warned that legal action would be taken against violators.
Dollar auction
DAB, the central bank, will meanwhile said it will auction $25 million on Monday in order to stabilize the currency.
In a statement issued by DAB, the bank urged all money changers and money service centers to participate in the auction and to clear their accounts by the end of the day.
Members of the public have however raised concerns about prices of goods on the market increasing as a result of the weaker afghani.
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