Business
Residents Complain of Unfair Distribution of Electricity
A number of residents in the capital Kabul complains about unfair distribution of electricity as the winter season is coming, while officials blames excessive usage.
Annually when the winter season is coming, citizens in the capital of Afghanistan are experiencing darkness and the issue of electricity shortage is fuelling the public anger.
“Afghanistan’s national power company says there will be a three percent blackout, but we don’t have electricity for twenty-four hours, while there is no electricity shortage in Shirpoor, Wazir Akbar Khan and Karte Parwan areas,” Muhammad Farid a resident of Kabul said angrily.
Mustafa another resident of Kabul added,” there is no justice in distribution of power, it is just for the powerful people”.
An official in the Afghanistan’s national power utility has rejected the allegations saying the power shortage is due to overuse.
“The power supplied lines cannot import more than 300 megawatt electricity, the level of water is down, Mahipar and Surobi dams which generate electricity for Kabul cannot supply the daily requirement,” Wahidullah Tawhidi, a spokesman for Breshna, Afghanistan’s national power utility said.
Last year Kabul went dark for months after Taliban damaged the city’s main power supply and it took months for the government to fix power lines.
Reported by: Leada Nayazi
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
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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