23 May 2017

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Economic

Monday May 15, 2017

Kabul (BNA) The High Economic Committee (HEC), with President Mohammad Ashraf Ghani on the chair held meeting, BNA reporter the other day. At the outset, CE Dr. Abdullah Abdullah Chief Executive provided a brief report about his trip to the northeastern province of Badakhshan, said a 108 km road connecting Baharak with Ishkashum districts of the province has been kicked off, according to the agency. He also called retaking Zibak district from the Taliban a big achievement of the country’s security forces and lauded their efforts and devotions in this field. Other ministers and officials attended the meeting provided their reports and suggestions about the related projects and shared what should be made to overcome challenges with the president, said the state-run agency.
The meeting tasked the ministry of finance to issue a public letter to the entire government entities and to be distinguished what which resolution should be implemented to be taken into consideration, said the agency. Contract on creation of a land port had been signed with the Gulf Company, and President Ghani said under the Brussels commitment, all four ports of the country should be managed within a clear management, as he said: “We could prevent wastage of the revenues.” “We should turn into a free trade hub to draw business of the region,” said the president adding highway extortion should be prevented, through firm security restoration in the country’s ports. A Chinese company was discussed to have been cooperating with Afghanistan in the field of power producing issue and has asked for six months’ time to invest, with the president saying such companies would do more in introducing power with Afghanistan and that it should be allowed to start work after being assessed by the third entity.
The president said the problems of the municipalities should remove as the move would help double revenues and provide more services to the provinces, where the revenues are collected, the agency quoted. The president added that he would hold video conference with the entire provincial mayors on how to identify the sources and collect the revenues.
 

Sunday May 14, 2017

Kabul (BNA) The MoF has announced that budget of government administrations has been spent less in current year.
Minister of finance Eklil Hakimi submitted a comparative report of budget consumption until Saur 16 (May 6) of 1396 fiscal year to same period of 1394 and 1395 to cabinet meeting. Hakimi added, during this period Afs 70.39 billion ordinary budget and Afs 15.94 billion development budget have been spent that shows decrease comparing to last year. Hakimi said out of total ordinary and development budget of 1396 fiscal year, Afs 188.4 b allocates have been spent and out of total development budget, Afs 4.83 billion optional budget and Afs 11.1 b non-optional have been spent. Hakimi submitted recommendations to cabinet for removal of less budget consumption in 1396 fiscal year and the cabinet confirmed national budget consumption until Saur 17 of 1396 fiscal year in principle. According to MoF information, the cabinet tasked the MoF and MoE to specify those ministries whose development budget has not been spent.
Based on cabinet decision, the ministries should implement those recommendations under the authority of MoF and other recommendations which have infrastructural and basic problems should be prioritized in short, medium and long term and be submitted for taking decision to a meeting led by president with the participation of sectoral ministers. Lack of development budget consumption is one of the serious problems in Afghanistan administrations that have been controversial every year as last year, the house had disqualified ministers due to this reason.
At the same time, MoF submitted a suggestion of increase of Afs 5.2 billion as annex to 1396 fiscal year budget to cabinet meeting. He added, this increase include Afs 48.6 b SISTIKA commitment for unpaid payment of a number of approved contracts of 1395 in ordinary budget of MoD, MoI, Afs 368.5 m in development budget of the ministry of agriculture and MoF from the aids of ADB and WB in the projects of Panj River region and capacity building of CBR project. Economist Saifuddin Saihoon criticized the ministries advisors who cannot defend their consumptions at the presence of MoF and fail to build capacity.
Shukria Kohistani  
 

Sunday May 14, 2017

Beijing (BNA) Afghanistan is a unique platform for cooperation, rather than competition, between China and the US in the face of rising challenges and threats to regional peace and stability, the Afghan Ambassador to China said.
In an exclusive interview with the Post, Janan Mosazai added that China, an immediate neighbor with a growing economic footprint in Afghanistan and in the wider region, could become a key player in the effort to revive the war-torn nation’s role as a regional hub. Beijing seeks to boost its global influence under its ambitious One Belt, One Road Initiative with trade-boosting infrastructure projects.
“Afghanistan is also the first country that is in a trilateral cooperation mechanism with both China and the United States,” the ambassador said. “And there aren’t other countries in the world that have been able to play this unique role. Afghanistan is playing the role.” “In the area of our counter-terrorism efforts, but also in the area of our efforts towards peace talks, China and the US have both played constructive roles,” the Afghan ambassador said during the interview at the Afghan embassy in Beijing.
“We see an important role for both countries in terms of supporting the Afghan-led and Afghan-owned efforts towards peace in Afghanistan,” he said. “That’s another very important area where we look to both countries for strong support and we are grateful for the support that we have received and expect and hope that that would intensify this year.”
Ambassador Mosazai referred to a trilateral cooperation mechanism with both China and the United States, under which many young Afghan diplomats have received training in China and Washington, and the three sides have been exploring areas for further cooperation. China and the US also provide billions of dollars in economic aid, as well as training, equipment and support for Afghanistan’s national defense force and training for government staff, he said. Although the road to reaching peace deals in Afghanistan is widely expected to be long and bumpy, Ambassador Mosazai said that US-China cooperation in Afghanistan would help bring the war-ravaged country peace and stability, as well as economic prosperity, “and in turn contribute to peace, stability and economic development in the region and the world”.
Kabul’s strategic partnership with Washington is “very clear” and “will continue for a long time”, Mosazai said. China, as a next-door neighbor, however, has been placed in the first circle of Afghanistan’s diplomacy, a role that was nailed down by President Mohammad Ashraf Ghani in 2014.
In addition to jointly providing military equipment that has been used, Ambassador Mosazai said, to directly combat terrorism and extremist groups that threaten security and stability in the region, Beijing and Kabul this year will undertake the first-ever joint counter-terrorism exercise in China. “We have had a very strong and a very productive and effective cooperation mechanism between Afghanistan and China in terms of counter-terrorism, particularly in the areas of fighting the so-called East Turkistan Islamic Movement, and that’s something we will continue for sure in the future,” he said.
 

Saturday May 13, 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 afgs                           
One Pound Sterling                                      87 afgs                         
One Euro                                                      74 afgs                        
One Emirate’s Dirham                            18/10 afgs                          
One Thousand Pakistani Rupees                637 afgs                        
One Thousand Indian Rupees                  1035 afgs             
One Thousand Iranian Rupees                17/80 afgs   
 

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