21 June 2018

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Economic

Sunday March 16, 2014
Kabul (BNA) The only alternative that could ensure Afghanistan’s economic sustainability and financial capacity is to invest on mines extraction and natural resources of the country: this was stated by Minister of Mines and Petroleum Mohammad Akbar Barakzai in Washington.
“Afghanistan today receives $ 146 million per annum from mines of the country, the government intends to increase the amount to billions of dollars until the year 2020,” Minister of Mines and Petroleum Mohammad Akbar Barakzai said. The US geological department has submitted survey conducted on mines of Afghanistan to the Afghan government officials. The survey has conducted with the help of highly latest and modern technology. In 2010, the US scientists had estimated Afghanistan’s natural resources to one trillion dollars. But the Afghan officials have said that the natural resources of the country is much higher the figure announced by the US scientists. Economic analysts have urged investments on Afghanistan’s mines and natural resources can lead the country into a hub of economic activities and socioeconomic development.
“Afghanistan is rich of natural resources, however, there some investments in mines sector, but security threats have overshadowed investors’ confidence to come forward and invest money in this field,” economic analyst Mohammad Akaram said. “Each corner of Afghanistan is rich of natural resources and mines, first we have to survey those areas where mines exist and it needs international investments.” Based on the statements of officials of Ministry of Mines and Petroleum (MoMP), in recent years there have been some investments on copper, iron and lithium. But these investments weren’t adequate as compare to the scale of mines existed in the country, saying that the investors hesitate to investment in this sector because of security challenges, so the country extremely requires focusing on the security situations to attract global investments. In the meantime, the citizens believe that investments on mine sector help the country to get self-reliance and boot economic growth.
“Investment on mines of Afghanistan could nourish regional economic activities, so international investors should come forward and invest in this sector and get advantage,” local resident Mirwais said. This comes at a time that already India and China have invested millions of dollars on mien sector in Afghanistan and more investments are expected in the coming years.  

Saturday, March 15, 2014
Kabul (BNA) Two agreements were signed the other day between Deputy Political Minister for Foreign Affairs Ministry Ershad Ahmadi and Japan ambassador to Kabul Hirochi Takashi here in Kabul.
Foreign ministry press office said BNA; the first agreement costing $ 35 million is the Japan’s cash assistance to Afghanistan government, while the second agreement costing $ 2.9 million will include assistance of protective appliances to Kabul International Airport and Bamyan Local Airport.
The amount will be provided in the framework of Japan’s assistance to Afghanistan. Before signing the agreements, Deputy Minister of Political Affairs for Foreign Affairs Ministry Ershad Ahmadi in a meeting with Japan ambassador to Kabul praised Japan for its assistance to reconstruction process of Afghanistan in the past 13 years. In return, Japan ambassador to Kabul reassured Afghan people of the assistance in future.

Saturday, March 08, 2014
Kabul (BNA) Marshal Mohammad Qasim Fahim the vice president of Afghanistan in meeting with Taki Hiko Nekao the head of Asian Development Bank (ADB) said that the contribution of the bank in providing energy from water resources and connecting Afghanistan to the neighboring states via railway is essential.
According to presidential palace in the meeting also attended by Kalawz Garisar the regional director of the bank and Joji Tokishi the country’s director, according to BNA, the vice president described the bank’s assistance very significant in improving the living condition of the Afghans.
Marshal Fahim stated that Afghanistan is in need of ADB assistance and hoped that the bank could play its role in implementation of gas pipeline from Turkmenistan to Pakistan and India through Afghanistan. He also noted that Afghanistan needs assistance in the field of agriculture and rebuilding economic infrastructure and hoped for the support of ADB in the sector. Taki Hiko Nekao in the meeting assured more support to the people of Afghanistan, saying ADB has contributed more than 4 billion US dollars in the fields of rebuilding economic infrastructures and capacity building in  Afghanistan.
Head of ADB in the meeting hoped for holding free and fair elections in Afghanistan that could be able to facilitate peaceful transfer of power in the country. The first vice president, according to another report also met the ambassador of Pakistan to Afghanistan Mohammad Sadiq who paid farewell meeting to the vice president. In the meeting, Marshal Fahim hailed the services of the ambassador and hoped for farther improving relations between the two countries. Marshal Fahim also said that cultural relations between Afghanistan and Pakistan have been improved in recent years, saying many Afghan youth are studying in Pakistan. Ambassador Sadiq expressed satisfaction over his success in providing legally traveling Afghans to Pakistan during his mission and also termed Afghans as his friends.

Wednesday, March 05, 2014
Kabul (BNA) A memorandum of understanding (MoU) was signed Tuesday between Afghanistan and Germany to secure building of a printing facility by which ID cards and other official documents could be printed. 
According to BNA, the MoU was signed between Afghanistan’s Ministry of Finance and the Deutsche Gesellschaft Für International Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Foreign Office to co-fund the construction and operation of an Afghan State Printing House (ASPH) for national ID cards and other official documents.
The memorandum outlines a plan to produce identity cards and other documents according to international security standards. The printing facility will be built at a state-owned site in Jangalak and is expected to start manufacturing in late 2016, the ministry of finance said in the statement.
The technology and equipment will be provided by Germany’s federal printing corporation, the Bundesdruckerei, which prints identity cards and passports. To ensure that construction management meets standards of security and quality, the German Government will also provide a team of international and national technicians.
As Abdul Razaq Vahidi, Deputy Minister for Administration at the Ministry of Finance said “It is vital that Afghanistan produces identity and security documents that meet international security standards.
We look forward to working with our German friends to establish a suitable, secure, state-owned printing facility that will improve the reliability of security-related documents.” He added that the facility would increase the efficiency of public administration and increase state revenue and economic development.
Wolf Plesman, head of portfolio at GIZ working in partnership with the Ministry of Finance, added, “This new project is a significant step towards strengthening Afghan public administration with the help of German know-how.
We are also happy that both the Afghan and German governments will be making a substantial contribution.” The memorandum for co-financing and cooperation involves that the existing state-owned printing house SUKUK will be expanded with a new building including a new production facility. The current staff will move to the new site, together with 250 to 300 new employees.  With greater security against forgery and duplication of documents such as ID cards and certificates, the printing facility promises a range of improvements, both for the state and its citizens.