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MoUDA signs 2 MoUs with Prince Sheikh Ali in Kabul

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(Last Updated On: October 25, 2022)

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Officials in Ministry of Urban Development Affairs have signed two memorandums of Understandings with Prince Sheikh Ali Bin Abdullah on constructing of residential apartments, Agriculture sections, where 20 $ million of the aid will be spent on Agriculture sector and 40 $ million is specialized for construction of residential apartments for martyred families and the 80 $ million is to be used to build residential blocks in the capital city of Kabul.

The memorandum of understandings was signed in between Kabul and Doha officials for investing on construction of residential palaces and hospitality in Afghanistan.

Minister of Urban Development Affairs Sayed Saadat Monsuor Nadiri said,” the following memorandum of understandings has been signed on investing in residential buildings where 40 $ million of the aids is grant aid for building residential apartments for martyred families.”

“Efforts have been made to draw International aids in order to boost the economy, build apartments, encourage International investors to invest in Afghanistan and to reduce the level of concerns over having no shelters Minister of Urban development Affairs Mr. Nadiri said.”

Head of Ghorafa Charity Foundation Prince Sheikh Ali said, “we invest 100 $ million on reconstruction of residential apartments, creating Business markets, Hotels in Afghanistan.”

Earlier the following charity foundation has helped Afghanistan on building madrasa, Mosque, and charity construction.

Reported by Ali Asghari

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(Last Updated On: April 15, 2024)

The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.

According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.

The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.

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Afghanistan reaches self-sufficiency in production of 133 items: MoIC

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(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

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DAB declares online currency exchanges illegal

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(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.

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