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Pakistan denies new restrictions on Afghanistan’s exports

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The Pakistani Embassy in Kabul has announced Wednesday that the country’s government has not imposed any new restrictions on Afghan exports, underlining that it continues to facilitate Afghan exports.

Based on a statement released by the Pakistani Embassy in Kabul, the level of Afghanistan’s exports to Pakistan has increased by 19% in 2019 compared to 2018.

The embassy underlines that the government of Pakistan “in fact continues to facilitate Afghan exports”.

The embassy further adds that Pakistan is committed to the ‘Afghanistan-Pakistan Transit Trade Agreement’.

This comes as a few days back, the Afghan chamber of commerce announced that Islam Abad had ordained new restrictions on Afghanistan’s exports and that the transit goods that are not in containers would be banned from April.

However, the Pakistani Embassy rejected and said that “the transit cargo, being transported in containers of international specifications/open trucks, have to be secured through tracking devices alongside the installation of seals.”

Afghanistan exports most of its transit cargos to South Asia through Waga port and Karachi city.

Recently, the Gwadar seaport was inaugurated in Karachi by China which facilitates transit trade between Afghanistan and China.

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Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan

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Bayat Power’s 40-megawatt gas-fired power turbine has resumed operations in Jawzjan province following an inauguration ceremony attended by Mullah Abdul Ghani Baradar Akhund, Deputy Prime Minister for Economic Affairs, on Saturday.

During the ceremony, Mullah Baradar praised Bayat Power’s investment in gas-fired electricity generation and encouraged other investors to invest in the electricity sector and other areas of the country’s economy.

He said the Islamic Emirate of Afghanistan had taken significant steps towards economic growth and industrialization, creating favorable investment opportunities across the country.

Mullah Baradar also called on investors and industrialists to contribute to Afghanistan’s reconstruction and development and help create employment opportunities for the Afghan people.

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Afghanistan’s finance minister travels to Iran for official visit

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Afghanistan’s Minister of Finance, Mohammad Nasir Akhund, has travelled to Iran at the head of a delegation following an official invitation from Iran’s Minister of Agriculture, the Ministry of Finance said.

During the visit, Akhund is expected to meet with various Iranian officials to discuss bilateral economic, trade, customs and other related issues.

The visit will also include discussions on key topics for an upcoming meeting of the joint economic commission between Afghanistan and Iran.

 
 
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Newly rehabilitated power line to benefit 60,000 consumers in Faryab

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Afghanistan’s Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Saturday inaugurated the rehabilitated 110-kilovolt (kV) power transmission line connecting Maimana and Andkhoy in Faryab province.

According to the Deputy Prime Minister’s Office for Economic Affairs, the completion of the project will provide around 60,000 consumers with a more stable and reliable electricity supply.

Speaking at the inauguration ceremony, Baradar said the project would help meet local electricity needs, expand industrial activities and contribute to the region’s economic and social development.

He said the Islamic Emirate of Afghanistan (IEA) had implemented several electricity generation and transmission projects in a relatively short period, reducing reliance on imported electricity and power outages while creating new opportunities for industrial growth.

Baradar also said several major electricity infrastructure projects would be implemented over the next year to ensure a sustainable power supply, adding that the country’s existing electricity capacity would increase several times.

Addressing Afghanistan’s security situation, Baradar said the country was currently experiencing a level of security that he claimed was unmatched in most countries. He added that foreign tourists and visitors had continued to travel to Afghanistan since the IEA returned to power, including to remote areas of the country.

He rejected security-related concerns raised by some countries over travel to Afghanistan, describing them as unfounded and politically motivated. He called on the international community to strengthen meaningful engagement with Afghanistan based on realities on the ground.

Baradar also invited domestic and foreign investors to invest in Afghanistan, saying a secure and suitable environment had been created for large- and medium-scale investments.

 

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