Business & Economics

The Ministry of Mines and Petroleum (MoMP) says 18,000 tonnes of crude oil extracted from the Qashqari block in the Amu Darya basin has been sold for $10.5 million through an open bidding.

The Ministry of Finance (MoF) on Sunday signed an investment term sheet with DP World to equip Afghanistan’s commercial ports with modern technology, an official said.

A plastic bag and thread production factory costing about six million US dollars has been inaugurated in northern Balkh province.

Representatives of Pakistan’s industrial sector have warned that the closure of the Torkham and Chaman crossings is causing severe commercial losses and putting pharmaceutical exports worth nearly 200 million US dollars at risk.

Officials of a confectionery factory in northern Jawzjan province and a workshop producing traditional Gand Afghani clothing in Kabul report a significant boost in their businesses following coverage by Pajhwok Afghan News.

The prices of cooking oil and Russian gold surge while the rates of rice decreased during the outgoing week in Kabul, market sources said on Saturday.

For the first time, a manufacturing firm in the industrial park of western Herat province has exported a 50-tonnes consignment of jam and pickles to the United States.

Ariana Afghan Airlines (AAA) has signed an agreement for a new charter cargo plane, which is expected to arrive in the country soon and provide fast and reliable services for transporting export and import goods for national traders.

The Islamic Emirate of Afghanistan (IEA) says that over the past three years, the National Procurement Commission (NPC) has approved 562 projects worth approximately 130.6 billion Afghanis, achieving savings of around five billion Afghanis in project contracts.

After nearly two months, Pakistan has reopened the Torkham and Chaman routes for the passage of United Nations humanitarian aid to Afghanistan, media reports said on Thursday.

Demand for domestic fish products has risen in western Herat province following the suspension of fish imports, particularly from Pakistan.

Tycoon businessman and Azizi Group chairman Mirwais Azizi says his company has prepared technical equipment and technology worth five billion US dollars within five months to generate around 5,000 megawatts (MW) of electricity in Afghanistan.