29 March 2017

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Economic

Sunday March 12, 2017

Kabul (BNA) Ajmal Abdul Rahimzai, Public Relation director and spokesperson for Ministry of Finance provided information regarding the achievement of Ministry of Finance in year 2016 and plans for the current fiscal year during a press conference in the Government Media and Information Centre (GMIC) here yesterday.
The conference which was also attended by Dawa Khan Menapal, deputy spokesperson for the president, Musafer Qoqandi, spokesperson of Ministry of Commerce and Industries and Suhrab Bahman spokesperson at Ministry of Economy, the spokesperson of Ministry of Finance gave detailed information regarding budget preparation for FY 2017, developing budget expenditure and revenue collection for FY 1395, IMF Agreement on first review under the ECF, 250 million contribution of Germany for developing budget implementation, the new plan for Wedding Hall Owner to use invisible money (E-money) instead of cash, installation of electronic systems in Ministry of Finance, telecommunication services fee and process of awareness program. He also provided information about future plans of Ministry of Finance for preventing corruption, revenue collection and effectively usage of budget. Deputy spokesperson for President also gave information about the activities of the government and Parliamentary elections to the media in this conference. The spokesperson of Ministries of Economy and Commerce & Industries provided information about their works and at the end.
 

Saturday March 11, 2017

Kabul (BNA) Afghanistan chamber of commerce and industries has asked traders to use other ports instead of Karachi of Pakistan as the authorities believed the route was too disputable wasting time and money to use.
Deputy to the chamber, Khanjan Alokozay said that the Afghan traders shouldn’t place their commodities in the Karachi port anymore as the authorities are in negotiation with the transportation companies to convince them to provide other ports including Abbas port, Chabahar, Turkey, China and the Afghan ports of Hairatan and Aqina. The plan has been after the Pakistani side closed Torkham and Spinbolak ports to all Afghan communication including trade and transit, after a series of deadly suicide attacks killed dozens of people in the Sindh state of the neighboring country. Afghan goods laden track stranded in Pakistan suffered high loss of up to $8 million. The chamber of commerce and industries accused Pakistan of violating all trade norms and principles of ICO, SAARC and World Trade Organization. The Afghan commerce officials also blame these organization of keeping quiet, despite clearly being aware of the Pakistani side violation. 
The Commerce authorities ask the government for doing more to tackle the Afghan traders’ problems. Meanwhile the ministry of commerce and industries said national, regional and international efforts were underway to find solution to the problems. “Efforts were underway and all options have been to seek other trade routes for Afghan traders, as the problems still persist since the last 15 years, and Pakistan under different pretext creates problem before the Afghan trade and transit ways,” said Musafer Quqandi spokesman for the country’s ministry of commerce and industries. Pakistan use border blockage as a mean of political pressure on Afghanistan. Afghanistan has repeatedly asked the neighboring country not to politicalize trade as they believed the move was against all norms and standards of trade and transit between accepted by the two countries. The government has also promised to establish further greenhouses in the country, to may not be in need of imports from Pakistan.
Shukria Kohistani
 

Saturday, March 11, 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                                            68/81 afgs                           
One Pound Sterling                              83/50 afgs                         
One Euro                                             70/40 afgs                        
One Emirate’s Dirham                         18/50 afgs                          
One Thousand Pakistani Rupees          6132afgs                        
One Thousand Indian Rupees               1015 afgs             
One Thousand Iranian Rupees           18/1560 afgs                      

Wednesday March 8, 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:
                                                                            Buying                                       
One Dollar                                                       67/85 afgs                                  
One Pound Sterling                                         82/50 afgs                              
One Euro                                                         71/70 afgs                                   
One Emirate’s Dirham                                    18/05 afgs                              
One Thousand Pakistani Rupees                       629 afgs       
One Thousand Indian Rupees                          1030 afgs               
One Thousand Iranian Rupees                        17/75 afgs
 

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