Connect with us

Business

Survey for construction of Wakhan Corridor in Badakhshan completed

Published

on

(Last Updated On: )

Abdul Karim Fateh, Technical Deputy Minister of Public Works, says survey work for the construction of a road, known as the Wakhan Economic Corridor, in Badakhshan province has been completed, and work is now underway to design the new transit route.

Fateh stated the ministry is ready to begin practical work on the corridor once the budget is allocated.

According to him, once the road has been completed, Afghanistan will be connected to China by land. He also said the road will be used to transit goods between the two countries.

“China is a major economic country in the world, and fortunately, we share a border with this country. We want to rebuild the road that connects to the Chinese border, so that our imports and exports with China can begin by land,” he added.

Currently, trade between Afghanistan and China amounts to $1.1 billion, and once this transit route is operational, trade between the two countries is expected to expand.

Mirwais Hajizadeh, an economic expert, said: “My suggestion is that this Wakhan route should be created as soon as possible, and more focus should be put on it to reduce the transportation costs of imports and exports for traders and the private sector.”

“In the past, if a container of pine nuts was exported to China via air corridors, the cost was more than sixty to $65,000. If we export through Wakhan, our costs will decrease by 90 percent, and the cost will not exceed $5,000.”

Economic experts also believe that if Afghanistan is connected to China by land, several other countries will also transfer their goods to China via the corridor.

Currently, meanwhile, Afghanistan imports Chinese goods through various routes, and from time to time, Pakistan creates issues that result in heavy losses for Afghan traders.

Business

36 mining contracts inked over the past year: Mines ministry

Published

on

(Last Updated On: )

The Ministry of Mines and Petroleum says it has signed 36 large and small mining contracts, with a total value of $1.3 billion over the past year.

Officials from the ministry stated that these contracts include 10 large mines, 25 small mines, as well as projects related to cement, salt, marble, and a major gas extraction contract with Uzbekistan, all signed with both domestic and foreign companies.

Meanwhile, economic experts have emphasized the importance of increasing investments in the mining sector for the country’s economic growth. They have stressed that priority in mining contracts should be given to domestic companies.

“It is better to prioritize domestic investors over foreign ones,” said Kamaluddin Kakar, an economic expert.

In the meantime, members of the private sector also stated that if both foreign companies and Afghan investors can partner in the mining sector, this will not only foster investment development in the country but also bring positive changes in capacity building within the mining extraction sector.

Continue Reading

Business

Afghanistan ships first consignment to Europe via Khaf-Herat railway

Published

on

(Last Updated On: )

The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.

According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.

The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.

The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.

Continue Reading

Business

Russia’s LPG exports to Afghanistan boom as Europe shuns it

The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.

Published

on

(Last Updated On: )

Russia’s exports of liquefied petroleum gas (LPG) to Afghanistan and ex-Soviet states in Central Asia have jumped following introduction of European Union sanctions against Moscow at the end of 2024, industry sources said on Wednesday, Reuters reported.

The European Union’s sanctions against Russia’s LPG over the war in Ukraine took effect on December 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers.

LPG, or propane and butane, is mainly used as fuel for cars, heating and to produce other petrochemicals.

According to the industry sources, railway supplies of LPG from Russia’s plants, including the Kazrosgas joint venture with Kazakhstan, jumped to the region by 80% year on year in January – February to 140,000 metric tons, read the report.

The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.

Traders expect great scope for more supplies to Afghanistan, where annual demand for LPG is seen at around 700,000 tons per year.

Continue Reading

Trending

Copyright © 2024 Ariana News. All rights reserved!