NPC approves contracts worth 5.5 billion AFN

Wednesday, 26 April 2017 03:22 Written by

The Afghan government has approved five contracts worth 5.5 billion Afghanis during a meeting of the National Procurement Commission.

The Office of the President, ARG Palace, said the meeting of the National Procurement Commission was chaired by President Mohammad Ashraf Ghani and was organized late on Sunday evening.

World Bank to finance Kabul-Peshawar highway

Tuesday, 25 April 2017 03:57 Written by

The World Bank has agreed in principle to fund the construction of a highway between Peshawar and Kabul, Pakistan’s Finance Minister Ishaq Dar says.

At a meeting with World Bank Vice President for South Asia Annette Dixon in Washington on Sunday, Dar urged the World Bank to finance the project aimed at boosting regional connectivity.

A bankrupt Turkish firm is among winners of $79 million contract from the Afghan government over a major dam project in the southwest of the country.

Sayed Ahmad Shah Sadaat, acting Minister of Communications and Information Technology (MoCIT), on Friday said a fiber optic cable network project will connect Afghanistan to China through Wakhan port.

World Bank’s MIGA now insuring Afghan companies

Wednesday, 19 April 2017 03:29 Written by

Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has started providing insurance services to big companies in Afghanistan.

According to a World Bank report, MIGA has so far insured three big companies in the country – collectively worth about $154 million USD.

A number of Afghan businesswomen asked the Afghan government to help them expand their businesses and economic activities.

Tajikistan officials have said that Chinese businessmen are keen to increase their investments in countries along the One Belt One Road project.

The officials said initial work on the project has started in Tajikistan.

The Afghan Ministry of Commerce and Industries (MoCI) is still awaiting Pakistan’s response in regards to holding the seventh Afghanistan-Pakistan Transit Issue Contract Agreement (APTICA).

Big projects as the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the Atamyrat-Akina railway are examples of close cooperation between Afghanistan and Turkmenistan, said Afghan President Mohammad Ashraf Ghani in a congratulatory letter to Turkmen President Gurbanguly Berdimuhamedov.

Ministry of Energy and Water (MoEW) on Sunday said currently people are using too much underground water in Kabul and if the problem is not solved, the city will face serious water shortages in the next few years.