24 October 2017

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Economic

Saturday, Oct 7, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/10 Afs                           
One Pound Sterling                              90/50 Afs                           
One Euro                                             80/70 Afs                           
One Emirate’s Dirham                         18/50 Afs                           
One Thousand Pakistani Rupees          638 Afs                           
One Thousand Indian Rupees               1065 Afs                                         
One Thousand Iranian Rupees           17/20 Afs                           
T. Yarzada
 

Saturday, October 07, 2017

Kabul (BNA) Based on an agreement reached between the government of former president of Afghanistan, the construction work of this project could began months before and be completed till 2017, but finally the work of this project began in 2015.
Although, the authorities of government of Afghanistan due to a fresh report said that the pipeline of gas of TAPI project would reach to the border of Afghanistan till next three months. But, they believe the reason behind the delay of construction of the project is reduction of gas price and crisis in world markets of gas and fuel.
Afghan ambassador, Mirwais Nab with confirming of the said issue told media that those companies who shoulder the work of expansion of Gelkash mine didn’t anticipate correctly the fluctuations of gas price in market.
According to him, Turkmenistan made serious effort in connection with expansion and construction of TAPI gas pipeline.
It is said that construction work of this project in Turkmenistan would be completed in two phases of mine development and construction of gas pipeline within next four months and would reach to border of Afghanistan.
It is mentionable that the project technical studies has begun in the soil of Afghanistan and for its execution the government of Afghanistan would use all alternatives with contracted companies.
On the other, the ministry of mines and petroleum of Afghanistan assured about its readiness for beginning of practical work of this project after its completion in Turkmenistan.
The spokesman of ministry of mines and petroleum Abdul Qadir Mustafa in regard with the programs of this ministry for the beginning of the work of this project said that all grounds are prepared for beginning of the work of this project and with reaching to Afghanistan, its practical work would also begin soon.
For the first time, the program of project of TAPI was set forth in Afghanistan in 1991.
Although on the basis of agreement reached within the government of former president, Hamid Karzai, the practical work of this project should began early and should complete till 2017 but finally began in 2015 by the leaders of Afghanistan, India, Pakistan and Turkmenistan.
This project that would transfer 33 billion cu.m gas via a pipeline with the length of 18141 km from central Asia to the South of this continent, its construction work would be completed till the end of 2019.
The total expenditure of this project estimated to 10 billion dollars that its 85 percent would be paid by Turkmenistan, 15 percent by Afghanistan, Pakistan and India.
This pipeline will cross 147 km the soil of Turkmenistan, 735 km of Afghanistan and with passing via Pakistan with the length of 800 km links with India.
In Afghanistan, TAPI passes through Herat and Farah provinces in west and in south from Helmand and Kandahar provinces.
The government of Afghanistan would establish a 7000 men special unit for maintaining of its security.
In addition of annually $ 500 million transitional fee, this would provide employment for 12000 unemployed.
Likewise, in first 10 years, annually, 500 million cu.m gas would be provided for the removal of requirement of Afghan people that this figure would increase in second and third year two and three folds.
At the same time, with the linkage of TAPI pipeline with Afghanistan, the experts believe the government of Afghanistan should adopt necessary measures for reaching of this pipeline to the borders of Afghanistan. Because, this pipeline is important for the people of Afghanistan.
One of lecturers of Kabul University, Ustad Massoud told The Kabul Times reporter in the connection that the TAPI project is one of great’s economic projects of the region especially for Afghanistan that with implementation of it, much opportunities would be provided for our country.
Beside job opportunity for unemployed, Afghanistan gains trust in the region. Transferring of gas and tens other opportunities would be provided for Afghanistan, Massoud added.
He said that this project is a glad tiding for better tomorrow Afghanistan from economic point of view.
Likewise, Ustad Massoud proposes that the government of Afghanistan should absorb great investments on mines of Afghanistan so that this country to reach to its self-sufficiency.
This is in a time that the governments of Afghanistan, Turkmenistan, India and Pakistan have reached in to agreement to transfer the gas to regional countries.
But, these countries should cooperate in maintaining security of this gas pipeline as well.
Shukria Kohistani
 

Tuesday October 3, 2017

Kabul (BNA) Officials from Da Afghanistan Breshna Sherkat (DABS) said 60 percent of the 500 Kw Turkmenistan Electricity Project is complete and that the electricity line, for Kabul, Wardak and Ghazni provinces, should be up and running by 2019.
“We hope that with this project, hundreds of thousands of residents will receive electricity in Kabul, Wardak and Ghazni provinces,” said DBA spokesman Wahidullah Tawhidi.
However, in total, 13 provinces will eventually benefit from this project.
Residents along the power line route have welcomed the progress – especially those that live close to the Kabul-Kandahar highway, where pylons and substations are being erected.
Rahmatulllah, who is lives in Maidan Shahar city of Maidan Wardak province, along with other villagers living in mud houses in the area, said that they know life will improve for them once the electricity project has been completed.
“We are very happy that electricity is coming to us and we are grateful to government that it is making an effort to improve our lives,” said Rahmatullah.
Tolonews
 

Monday, October 2, 2017
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/25 Afs                           
One Pound Sterling                              90/60 Afs                           
One Euro                                               80/20 Afs                           
One Emirate’s Dirham                         18/45 Afs                           
One Thousand Pakistani Rupees          639 Afs                           
One Thousand Indian Rupees               1060 Afs                                         
One Thousand Iranian Rupees              17/25 Afs                           
T. Yarzada

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