24 October 2017

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Economic

Tuesday, September 26, 2017

Kabul (BNA) Chaired by President Ashraf Ghani, the National Procurement Committee (NPC) held meeting on Monday during which 20 projects worth 2.3bln Afghani were approved, the president press office said in a statement.
The meeting also approved the extension request for construction project of 28.61km of Tang-e-Cheshma to Pul-e-Tajik road of Sholgara district, Balkh province and extension of the project to build water power generation machine in Nouristan province.
The meeting tasked the ministry of public works and Da Afghanistan Breshna Co to seriously oversee completion of the projects.  Besides the meeting retuned the contracts on construction of cancer treatment center of Ali Abad Hospital and administrative building of Ariana for further review, the statement further said.
Stressing on bolstering transparency and accountability culture, the NPC tasked the procurement administration to seriously pay head on implementation of the projects in less-developed provinces, the statement added.
The session was attended by NPC members, SIGAR, SISTIKA and RS observers as well as some other related offices’ representatives, the statement concluded.
 

Monday, September 25, 2017

Kabul (BNA) The ministry of public works has reported that ring-roads can create many facilities to people.
The spokesperson to the ministry, Rouhani Mahdawi said that recently the government of Afghanistan has signed an agreement on construction of ring-road in Kabul.
Kabul’s ring road would length 95km and estimated to worth $110mln. The project would be completed in five years.
Construction of the ring road would improve transit and decrease traffic in the capital Kabul.
The ring road would directly connect Kabul to Kandahar, Jalalabad, Mazar and many other provinces’ highways.
Totally, Afghanistan’s ring roads are 2800km which connects Afghanistan’s four sides with each other, Mahdawi further said.
He asked the people to take care of roads that are their national investment, adding unfortunately, roadside mines and commuting high-tonnage trucks on roads are the reasons resulting in their destruction.
It is worth mentioning that construction of Qaisar-Laman ring road would pave the ground for employment of thousands of people and reduction of seven-hour long road to one and half an hour.
The Islamic Development Bank (IDB) has provided USD 74mn in soft loan for the construction of Kabul Ring Road (KRR) and other related infrastructure.
An agreement to that effect was signed between the national economic council, led by President Mohammad Ashraf Ghani, and the IDB.
“The total project costs up to USD 110mn. The Afghan government will pay USD 34.28mn,” finance minister Hakimi said.
The loan will be invested in the first phase of Kabul’s ring road to start from Maidan Shahr city, the capital city of Maidan Wardak province, and end in Logar province.
The 95km ring road will be completed over a period of five years.
According to IDB officials, IDB plans to launch an Islamic Loans Project which will enable entrepreneurs and farmers to have access to Islamic loan packages.
In addition, the IDB will also provide funding for the solar project in Naghlo.
“The first phase of the solar power project will produce 30MW of electricity and then in the future the project will produce 100MW of power,” said Ali Aqa, IDB deputy head.
Shukria Kohistani
 

Monday, September 25, 2017

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah during his visit from Kandahar province laid the foundation stone of 10 MW solar electricity project in Daman district of the province. 
By completion of the project worth $19 million funded by an Indian company and USAID, electricity will be provided to industrial parks and residents of Kandahar city.
Congratulating inauguration of the project to the people of Kandahar, the country’s chief executive said by completion of the project, most of problems of traders and industrials would be solved.
In his speech, chief executive asserted that NUG was committed to strengthening public and private partnership process and through the process problems of private sector, investors and traders of the country would be addressed.
 

Saturday, September 23, 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                                            68/35 Afs                           
One Pound Sterling                              91/30 Afs                           
One Euro                                               81/20 Afs                           
One Emirate’s Dirham                         18/60 Afs                           
One Thousand Pakistani Rupees          638 Afs                           
One Thousand Indian Rupees               1070 Afs                                         
One Thousand Iranian Rupees              17/30 Afs                           
T. Yarzada
 

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