29 June 2017

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Economic

Monday May 29, 2017

Kabul (BNA) Meshrano Jirga members on Monday divided over the selling of 72 acres of land to the Alokozy Group of Companies (AGC) by the government in Kabul.
The government last year signed a deal with AGC for making investment and doing business in the country. Under the contract, the AGC was sold 72 acres of land near the Kabul Airport to establish six factories. One acre of land was sold to AGC against $5,000 and the company was expected to invest $350 million by construction of six factories. Some lawmakers had earlier demanded the contract with AGC to be revoked because the land was sold at a low price without bidding process.
But Farhad Sakhi, a lawmaker from Kabul, said: “In foreign countries, land is provided to investors free of cost. I have two factories in the United Arab Emirates (UAE), for which the land was provided free of cost.”
Mohammad Hanif Hanafi, another lawmaker, said “The agents of Iran and Pakistan don’t want to see Afghanistan become economically self-reliant.” He said those opposing the deal had connections with land mafia and their attempt was to take money from the AGC in form of commission. Mohammad Alem Ezidyar, first deputy chairman, supported AGC investment and said: “We should support investment coming to the country.”
He said if there was any problem, it should be resolved legally and no one should stop investment flow to the country. Some lawmakers demanded investigation to individuals who tried to prevent the AGC from investment in Afghanistan. Chairman Fazal Hadi Muslimyar said a handful of servants of Iran and Pakistan were against Afghanistan’s economic progress. He said the upper house would investigate the contract signed between the AGC and the government. “If there is any issue, it would be resolved through legal ways.”
 

Sunday May 28, 2017

Kabul (BNA) Afghanistan and Tajikistan on Friday signed a sixth agreement on economic and trade cooperation in Kabul.
The agreement was signed between minister of Economy Abdul Sattar Murad and Tajikistan’s Khudayarzada Zoqi Beg.
After signing the agreement, Minister Murad said five similar agreements had been signed between the two countries. He said the agreement would help complete remaining works of projects already executed. He said the protocol would further expand and organize trade and economic relations between the two countries. The minister said the previous agreements were about transport, trader, railway lines and scholarships for Afghan students, enhancing capacity of Afghan workers and KASA-1000 project. He said the agreements were being implemented and had good results so far. The Tajik transport minister said the trade volume between Tajikistan and Afghanistan had reached from the previous $35 million to $75 million due to the agreements. Khudayarzada said Tajikistan and Afghanistan were land-locked countries and it was essential that both the countries have close relations. He reaffirmed Tajikistan’s continued assistance with Afghanistan and said both the country’s interests in the ongoing sensitive phase were interlinked.
 

Wednesday May 24, 2017

Kabul (BNA) Ministry of Public Works (MoPW) signed three contracts on Monday for construction of a road in the capital Kabul and two bridges in central Kapisa and northern Baghlan provinces.
Deputy Public Works Minister, Nimatullah Haidari signed the contracts with representatives of three private construction companies in Kabul.  Haidari said the projects, a joint venture of the Afghan government and Japan, would cost 220 million Afghanis. A 5.9-kilometer road of Kalakan district of Kabul would cost more than 99.5 million Afghanis, he said, adding the road would be constructed by Farshad Sayedkheli Construction Company during one year.
The road connects Aqa Sarai and Mashwani villages of Kalakan and Kabul-Charikar highway and would benefit more than 15,700 people of 12 villages in the area, according to Haidari. The contract for construction of a bridge over Panjsher River in Kapisa province was also signed, he said. The 99-meter long and 11-meter wide bridge would be constructed on the Bagram road to Mahmood Raqi, the capital of Kapisa, at a cost of 98.6 million Afghanis in 17 months. Haidari said another bridge would be constructed on the Rubat-Fariang road in Khost district of Baghlan province. The bridge would be 30 meters long and 7.9 meters wide and would cost 20 million Afghanis. The bridges would resolve people’s economic, social and security problems, said the deputy minister, who put at nearly 1.5 million the number of people who would directly or indirectly benefit from the projects.
 

Tuesday, May 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                                            68/30 afgs                           
One Pound Sterling                              88/10 afgs                         
One Euro                                              76/40afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees          639afgs                        
One Thousand Indian Rupees               1040 afgs             
One Thousand Iranian Rupees              17/90 afgs                       
 

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