27 April 2018

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Economic

Saturday, February 01, 2014
Kabul (BNA) Hamid Karzai, president of the Islamic Republic of Afghanistan met with a number of businessmen of oil and gas and discussed related to their problems and suggestions.
According to presidential press office to BNA, the meeting held the other day at presidential palace with participation of Vice Presidents and ministers of Finance, Economy and Commerce, Azarakhsh Hafizi, representing other businessmen praised President Hamid Karzai for supporting and approving key investment policy.
Azarakhsh Hafizi considered gas and oil sector as one of the key sectors in the country, enumerating the sector’s problems and suggestions.
Hafizi asked the government for serious consideration related to overseeing oil resources, construction of oil refinery stores and quality of fuel in the country, adding the government should take step towards forming a law against limitations, which would play vital role for prevention of irregularities in market.
Following, Minister of Commerce Mohammad Shakir Kargar briefed related to prevention of low-quality oil being imported to the country, stressing that the ministry has taken necessary measures for prevention of harmful materials to Afghan markets.
After hearing problems and suggestions of the businessmen, President Hamid Karzai instructed relevant organs in particular Minister of Commerce to probe related to importing of low-quality oil and so-called oil refinery companies and take serious steps for prevention of importing the low-quality oil to the country.
In the meeting, it was also decided an international technical panel should be tasked to specify effectiveness of current oil refinery companies and importing of the low-quality oil to the country.
Ministry of Commerce was also tasked to reports its upcoming measures to ministerial council.

Wednesday, January 29, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                Buying                                        selling
One Dollar                          57/10 afgs                                  57/15afgs
One Pound sterling             93/70 afgs                                  93/80 afgs
One Euro                            77/80 afgs                                   77/90 afgs
One Emirate’s Dirham       15/50 afgs                                   15/55 afgs
One Saudi Riyal                 15/15 afgs                                     15/20 afgs
One Thousand Indian Rupees 920 afgs                                    930 afgs
One Thousand Pakistani Rupees 530 afgs                                531 afgs
One Thousand Iranian Riyals     79/20 afgs                             19/30 afgs

Wednesday, January 29, 2014
Kabul (BNA) Mohammad Karim Khalili Second Vice-President and chairman of the CM economic committee led the meeting.
Presidential press office stated BNA, the meeting of the CM economic committee initially assessed the proposal of the East Horizon airlines for waiving of its landing charges and parking of the domestic airlines.
The airline proposed that as per the decision of the CM with respect to waiving off the landing charges of the domestic airlines this company is also waived of the landing and parking charges.
The meeting considering the services of the airline and the facilities it is providing for the countrymen, confirmed its proposal and decided that the domestic companies as per the CM decision should waived off of those charges.
The meeting also assessed the additional proposal for training of personnel in 1393 and 1394 (2014-2015) presented by the ministry of economy. According to the ministry considering the market needs and the economic policy and the national development plans for qualified professional cadres in public and private sectors there is need for training of professional skilled cadres.
The committee appreciating the efforts of the economy ministry for preparing the draft proposal on the need basis for the country instructed that more assessments are made on this issue.
The proposal of the Asia Herewa Energy oil refinery for production of crude oil was presented by the ministry of commerce and industries and it was decided that the High Investment Commission considering its responsibility adopt appropriate measures.

Tuesday January 28, 2014
Kabul (BNA) Only a very small share of Afghanistan’s land, mostly in scattered valleys, is suitable for farming, and a majority of this farmland requires irrigation.
Water is drawn from springs and rivers and is distributed through surface ditches and through underground channels, or tunnels, which are excavated and maintained by a series of vertical shafts. Such a tunnel is known as a karez or qanat.
In 2001 some 2.44 million hectares (5.9 million acres) of farmland were irrigated. Wheat is the most important crop, followed by barley, corn and rice. Cotton is another important and widely cultivated crop. Fruit and nuts are among Afghanistan’s most important exports.
Afghanistan is noted for its unusually sweet grapes and melons, grown mostly in the south-west, north of the Hindu Kush, and in the fertile regions around Herat. Raisins are also an important export. Other important fruits are apricots, cherries, figs, mulberries, and pomegranates.
Livestock is nearly as important as crops to Afghanistan’s economy. Karakul sheep are raised in large numbers in the north. The tight curly fleece of Karakul lambs is used to make Persian lamb coats. Other breeds of sheep, such as the fat-tailed sheep, and goats are also raised. In a recent development, the Ministry of Agriculture and Livestock has announced it has offered fresh packages to the private sector and investors to invest in this field and further nourish agriculture and livestock in the country. Based on the statement of the officials from the Ministry of Agriculture and Irrigation, implementation of the new programs and strategies will pave the way to the products to be exported in the markets and it would also support standard packing and processing system.
Addressing a special gathering here in Kabul, Mohammad Asif Rahimi, the Minister of Agriculture and Irrigation said, “The new programs would persuade the investors to expand investing money in agriculture sector, the new packages will covered 2014 and 2015, the programs would provide relief in energy distribution to the industrial parks. “Rice and grapes productions have also increased as compare to the recent years while almond from 62,000 tons in the year 2002 has increased to 70,000 tones and a number of stocks have also been established to protect the products.” But, one of the important topics is that Afghanistan’s agriculture sector is old system and there is a need for revival of the sector. The government of Afghanistan also intends to facilitate the investors in transportation system. According to the fresh package, the investors would be able to transfer their products easily with lower prices to the markets. The Minister of Agriculture and Irrigation further stated that Afghanistan will soon joint World Trade Organization (TWO) and the membership would help the country to expand its agricultural products.
The Deputy Minister of Commerce & Industries said that the Afghanistan’s adhesion with WTO will help investors and traders to openly do their business and efforts would be undertaken to support the private sectors transfer agricultural products to world markets. Officials of the Ministry of Agriculture and Irrigation have expressed hope that implementation of the new programs besides boosting up agriculture sector will also prove employment opportunities to hundreds of the workers across the country.

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