04 June 2020

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Economic

Monday, October 08, 2012
Kabul (BNA) Afghanistan’s ministry of telecommunication and information technology has always struggled to persuade private telecommunication companies to offer appropriate services to the people mainly the internet services which is considered as one of the vital needs of the human community to establish contacts in various parts of the world in easy way and day-night endeavors of ministry of telecommunication and information technology proved result oriented and currently several telecommunication companies facilitating the nation even in remote regions countrywide.
With consideration of the people need to the high speed internet, ministry of telecommunication and information technology provided license to a number of private telecommunication companies to offer 3G services so that the people in the country get access to better internet services.
With regard to access of people to internet services, The Kabul Times correspondent has discussed the topic with the deputy of ATRA which as follows.
Currently, more than two million people are utilizing internet services countrywide which constitute up to 7% of the total population and the figure increased after the ministry of telecommunication provided license to the Etisalat company to trigger 3G services and the company succeeded to start internet services in various provinces of Kabul, Mazar e Sharif, Nangarhar and Herat while another private company MTN also achieved 3G license in recent days and it would facilitate up to 60% of the overall population countrywide to get benefit of internet and ministry of telecommunication and information technology is also working on a number of projects to further expand telecommunication services in the country, said deputy of ATRA Khair Muhammad Faizi.
Khair Muhammad Faizi also underlined efforts of the ministry of telecommunication and information technology to expand fiber optic services in the country alongside introduction of 3G services and said currently areas in the southwest and east of the country are getting advantage of the service adding that expansion of the project would help internet transfer system infrastructure alongside boosting of various social sectors same as educational institutions, agriculture, trade and business community and added that ministry of telecommunication and information technology has always strived to facilitate the people in communication sector and currently up to 85% of the people has access to these services and efforts are underway to transfer these services to those regions where still the masses remained deprived of the communication facility. 
He also pinned towards financial resources collected from this sector into Govt. budget and said that according to the bilateral agreement signed the private companies are obliged to pay their taxes according to the activities and overall $ 160 million raised to Govt. budget and this amount would raise to $ 250 million after start of 3G services.
Deputy of ARTA also described challenges on way of telecommunication sector in the country and said that lack of electricity in remote regions has highly affected our services and transferring diesel generators and technical equipments in those areas are quite tough task.
Meanwhile, local residents in capital Kabul express hope over the start of 3G services and say that these services would enable the people to get access to the internet because it facilitate the people to visit various informative and news websites.
 

Monday, October 08, 2012
Kabul (BNA) Joint Afghan-German trade meeting discussing water supply researches, technology consultation, IT services, engineering, air-transportation, consultation on environmental energy etc held in Kabul on Sunday.
During a press conference attended by a number of representatives from German investors and traders, Director for Afghanistan Chamber of Commerce and Industries (ACCI), Qurban Haqju called Afghanistan a proper opportunity for investment adding both private sector and the government are trying to fill the blank would comes from the international community’s leaving Afghanistan by 2014.
He welcomed the entire international companies interested to invest in Afghanistan and said they are jointly working for a bright Afghanistan future People in Europe are depicting negative picture of post 2014 by which the international forces leave the country, he said adding arrival of German investors and traders representatives had provided a proper ground for exchanges of view and addressing economic problems as well as creating a suitable mechanism in Afghanistan after the foreign forces mission ends in Afghanistan, fully removed the ambiguity on a possible abnormal economic status in the country. 
Chief of German delegation, Rudolf Griddle also said his led delegation’s tour was a mission to obtain required information about Afghanistan and indentify investment opportunity in cooperation with the Afghan business companies.  
Afghanistan in cooperation with the international community, had obtained good opportunity over the last eleven years, helping them make a wise decision for their own future, he said.
 

Sunday, October 07, 2012
Kabul (BNA) Five vehicular roads were opened on the Kokcha River in the Darwazha district of Badakhshan.
The ceremony was attended by architect Wais Barmak Minister of Rehabilitation and Rural Development, Dr. Omar Zakhaiwal Minister of Finance, Mustafa Zahir General Director of Environment Department, the governor and some heads of provincial departments and people’s deputies at the parliament.
The bridges were constructed at the cost of USD1, 419,000 from the development budget of the ministry with the financial cooperation of GTZ and Agha Khan Foundation in 18 months.
With the building of these bridges and completion of the circular road the districts of Sheghnan, Mahenme, Nassi and Shaki through districts of Kofab will be connected with the Faizabad city.
Work on building of 104 km circular road of Darwazha along with its attached structures will be constructed at the total cost of USD4.5 million from the budget of the ministry of rehabilitation and rural development was opened as well.
With completion of these projects the problems of the people of the province will be resolved.
 

Sunday October 7, 2012
Kabul (BNA) Repots are quoting minister of mines as saying that soon oil extraction process will be started from Amu River zone.
Minister of mines Wahidullah Shahrani told that the first phases of oil extraction will be started from the Amu River zone within the next 20 days.
While responding to the questions of senators in the senate regarding problems of the local people minister of mines said that nearly $ 400 to 600 million have been invested in Amu River oil zone and more that 250 million barrels of oil has been estimated in this area adding that Afghanistan extremely requires to fulfill production of energy of its oil so that reliance of the country into foreign markets are also decreased.
Minister of mines also pinned towards privileges of the Amu River oil zone and said that Afghanistan would have 15% shares on extracted oil and it was finalized in the view of current oil prices in the global markets adding that Afghanistan will also gain 70% of the benefits on share of Chinese company who has signed the contract to extract the oil.
Shahrani also talked about Dare-e-Soof coal mines and said that over the previous year Afghanistan produced up to $ 1.5 million tons of coal in Samangan province and received an amount of $ 42 million from coal export to neighboring Pakistan.
Minister of mines also explained challenges on way of mines extraction in the country and said that corruption, lack of technical and professional cadres alongside insecurity problems overwhelmingly affects mines extraction process in the country adding that the Chinese company won the bidding of the project for 25 years as Afghanistan is counted as one of the richest country in the world in terms of natural resources.
Meanwhile, economic analysts in the country believe that over the previous decade millions of dollars have been invested in mines sector in Afghanistan while practical extraction have not been started yet and these analysts emphasize on Afghan officials to ask concerned companies to pursue transparency in  extraction process.
A local resident Umid described insecurity as main challenge on way of oil extraction process in the country and urged on Afghan stakeholders to expedite efforts for restoration of durable peace and security of investors in the country.
It’s said that china is the biggest investor in the country and over the previous decade Chinese investors invested millions of dollars on Ainak Copper Mine Project and Hajigag steel mine.