22 January 2018

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Economic

Wednesday, May 23, 2012
Kabul (BNA) The economic committee of ministers’ council in its meeting yesterday with vice president Mohammad Karim Khalili on the chair approved suggestion for municipality tax removal. 
In the meeting it was stressed that illegal collecting of money on the highways to be checked, export be facilitated and private sector to be boosted. 
The participants also approval the proposal of the ministry for commerce and industries for the removal of the municipality taxes and 0.25 percent increase on custom duty from first Hamal of 1391.  
The participants in the meeting also emphasized for reducing unemployment and training skilled work power in the country. 
In the meeting the issue of 75 percent increase in wage of military retired personnel from 1382 to 1387 was also discussed and it was agreed if the ministry for finance was able to pay the fund within three installments. 
According to another report, vice president Khalili also received members of the Wardak provincial council and listened to the problems of the province. 
Members of the provincial council had also expressed their hatred to insecurity and vowed to support the government. 
In his speech the vice president said that formation Shurai Wahdat Mardam or people unity council in Wardak province is a significant step towards strengthening unity and development among the inhabitants of the province. 
The vice president also said described terrorism as evil imposed on Afghans from abroad; saying the people through councils and in cooperation with the elders and religious scholars can ensure peace and stability in the country. 
He also assured the delegation that the government would do its best to solve the problems of Wardak province.
 

Wednesday, May 23, 2012
Gardiz (BNA) The Asia Foundation assisted office items including computers, furniture, audio and video instruments, carpet and kitchen items to the directorate of information and culture, Gerdez University in 13 districts yesterday.

Tuesday, May 22, 2012
Kabul (BNA) The ministry for Mines would ink the agreement on transit facility for TAPI with the government of Turkmenistan today, spokesman for the ministry of Mines Jawad Omar said yesterday, adding the Council of Ministers after discussion on the subject has authorized the minister for Mines Wahidullah Shahrani to sign the transit facility agreement with Turkmenistan. 
If inked would facilitate the transition of Turkmenistan gas through Afghanistan on Pakistan onward to India. 
The agreement on TAPI was inked between Turkmenistan, Afghanistan, Pakistan and India in Qaus 1389. 
Afghanistan would earn 400 million US dollars as transit-duty annually.
 

Saturday, May 19, 2012
Kabul (BNA)  A Canadian firm world ascertain the level of oil reserves in areas between the Aqina dry port and Andkhoi district in northern Faryab province over the next three months, officials said on Tuesday. 
An agreement to the effect was inked between Minister of Mines Waheedullah Shahrani and John, the head of a Canadian oil exploration company, known as Terasize Limited, in the capital Kabul. 
Under the $6.5 million project, the Canadian firm will search fuel reserves in a 236 square kilometers area in a region believed to be oil-rich, Shahrani told reporters after the signing ceremony. 
He said Terasize Limited would initiate work on the project, using sophisticated 2D technology to drill 7,000 deep meters into the earth. 
The process will be completed in three months. The bidding process to extract oil in the area would be set in motion after the level of oil reserves was ascertained, according to Shahrani, who revealed the same company had completed the exploration of oil and gas in the Afghan Tajik basin. 
The US-fund project cost $12.5 million and its result will be announced after the mining expert’s assessment. 
Happy with the award of the contract to his company, John said they had years of experience of oil exploration in Sudan and other countries. 
A recent survey of Afghanistan’s mineral resources revealed that 30 percent of Afghan territory has mineral wealth worth more than three trillion US dollars.  But extraction work in the country is yet to begin.