Business
WB Signs 250 $ Million Contract with Afghanistan on Road
Officials in Ministry of Finance have stated that World Bank has signed 250 $ million contract with Afghanistan on reconstruction of roads specially the roads along the Hindokosh mountain.
Officials in Ministry of Finance have stated that the following money has been given as gratuitous to Afghanistan by the World Bank and officials in Ministry of rehabilitation and development to spend some of the money to reconstruct Salang roads.
Minister of public interest Mohamood Balegh said,” in the following contract there are two construction projects one is to reconstruct Bamyan-Doshi 152 Kilo meter the second one will reconstruct 82 kilo meter roads for Salang Highway.”
Minister of Finance has appreciated World Bank financial aids to reconstruct Afghanistan’s roads.
Since Afghanistan is a mountainous country and 90 % of goods are being transferred and carried through lands therefore we do need standard roads for smooth business Minister of Finance Iklil Hakimi said.
The following two projects which are the construction of roads and highways in Afghanistan will be implemented through Ministry of public interests in coming 7 years.
Reconstruction of Salang Pass is vital to Afghanistan which connects Northern parts to South part and the following road will lead even to central Asia and other parts of the world.
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.
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.
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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