28 June 2017

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Economic

Saturday June 10, 2017

Astana (BNA) Afghanistan and China have signed Memorandum of Understandings for reconstruction of railway network from Sherkhan Port to Herat and implementation of the electricity project on Kabul-Kunar River, a president press office statement said on Friday.
According to the statement, the MoUs were signed on Friday in the presence of President Mohammad Ashraf Ghani and his Chinese counterpart Xi Jinping.
The agreements were signed by the Afghan Ambassador to China Janan Mosazai and the deputy chief executive of the Chinese firm to be tasked for the feasibility study and implementation of the two projects, the statement added.
This comes as the National Unity Government of Afghanistan has emphasized on expanding trade ties with the regional countries and increasing electricity production by building more dams.
The National Procurement Commission (NPC), chaired by President Ghani, reviewed a report by the Ministry of Energy and Water on the construction of 29 large, medium and small water dams in March of 2017.
President Ghani insisted that the country can become self-sufficient if domestic resources like work force, natural resources, geographic location, water and land are properly utilized, the statement concluded.
 

Monday, June 5, 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 afgs                           
One Pound Sterling                              87/30 afgs                         
One Euro                                              76/60afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees          638afgs                        
One Thousand Indian Rupees               1040 afgs             
One Thousand Iranian Rupees              18/10 afgs                       
Yarzada

Sunday June 4, 2017

Kabul (BNA) Presided over by President Mohammad Ashraf Ghani, the high economic council’s session was held the other day at presidential palace.
In the session, aims of strategy for 1397 fiscal year such as providing big economic framework for national budget, creating financial policy instruction, determination income sources and accessible assistance, providing expenditures landscape based on predictions and national finance limits and identifying of big economic risks were delivered by officials of finance ministry.
In the document, it has been pointed that agricultural situation is to be improved and trust of private sector for investment in the country has been attracted and delivering government’s services to the people will increase, which will result in persuasion and development of all sectors.
In the finance document, incomes from domestic resources are estimated from 1685 – 1855 billion AFG in 2018 and 2019. Meanwhile, framework of international aids is considered based on commitments pledged by the international community in Warsaw and Brussels conferences, while optional development aids is considered based on donors’ commitments.
According to officials for ministry of finance, government priorities have been prepared based on Afghanistan national peace and development framework which included creating new system for development planning, national priorities, improvement of good governance, strengthening of national investment, economic development and creating job opportunities and decreasing poverty in the country.
Participants in the session delivered separately their visions and certain suggestions in this regard.
After hearing suggestions and discussions of the participants, the country’s President said these plans had serious problems and needed further work and consultations, adding that experiences of the developed countries should be used in this regard and serious work should be followed to get a good outcome.
 

Saturday June 3, 2017

Kabul (BNA) The ministry of economy said it has prepared new strategy for better ensuring accountability, review and transparency, a move which would be effective in fighting corruption.
The ministry says that after insecurity, corruption is a big challenge before implementation of development projects. The ministry of economy, Abdul Satar Murad on Tuesday while introducing new strategy told media that based on the new strategy, they have sacked many corrupts and introduced a number of high-ranking government officials to Attorney General Office (AGO).
He added that based on this program, they would prioritize transparency in financial, procurement and administrative sections and would put all related information of the ministry to the people access.
“The ministry of economy has introduced three persons to AGO so far, as well as tens of employees have sacked,” Minister Murad went on to say. “Since I assumed office, we have worked on the new strategy,” he continued. Establishing a stock where records quantity and quality of all goods related to public assets, arranging files, prevention of wasting of time by employees and some other such things form the new strategy of the ministry for economy. This is while that Afghanistan is among the top corrupt countries of the world, but the government of Afghanistan has committed to remove corruption and ensure transparency in all fields in order the foreign aids are not cut.
At the meantime, High Office of Oversight and Anti-Corruption says that practical works are being felt in term of fighting corruption and new strategy of the ministry for economy can also be effective to prevent administrative corruption in the country. A deputy to anti-corruption office, Mohammad Amin said that corruption has rooted to politics, economy and system of the country.  He added broadcasting of the ministry for economy’s performances can be an effective step toward fighting corruption in the country. Corruption is a widespread and growing problem in Afghan society. Afghanistan ranks 169 of 176 in Transparency International’s 2016 Corruption Perceptions Index. “In opinion surveys of Afghans,” noted the Asia Foundation in a 2012 report, “corruption is consistently singled out as a problem.” Therefore, firm will is needed to prevent this phenomenon.
Shukria Kohistani
 

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