25 August 2019

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Economic

Wednesday, February 19, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchange market in Kabul (Saraye Shahzada) report the exchange rate of Afghani as a follow:
                                                       Buying                                        Selling
One Dollar                                  57/15 afgs                                  57/20afgs
One Pound sterling                  94/80afgs                                    94/90afgs
One Euro                                  78/30afgs                                     78/40 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 535 afgs                                536afgs
One Thousand Iranian Riyals   19/35 afgs                             19/40 afgs

Tuesday, February 18, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchange market in Kabul,(Saraye Shahzada) report the exchange rate of Afghani as a follow:
                                            Buying                                        Selling
One Dollar                          57/15 afgs                                  57/20afgs
One Pound sterling             94/90afgs                                    95afgs
One Euro                            78/10afgs                                     78/15 afgs
One Emirate’s Dirham       15/55 afgs                                   15/60 afgs
One Saudi Riyal                 15/20 afgs                                     15/25 afgs
One Thousand Indian Rupees 910 afgs                                    920 afgs
One Thousand Pakistani Rupees 534 afgs                                535afgs
One Thousand Iranian Riyals   19/30 afgs                             19/40 afgs

Tuesday February 18, 2014
Kabul (BNA) The Swedish Committee has pledged to provide an amount of $ 180 million financial assistance to Afghanistan in the coming four years to support the country cover several important sectors including health services, quality education opportunities to the Afghan pupils and women, rural and rehabilitations and local governance expansion.
Based on the four years plan, the Swedish committee is committed to provide an amount of $ 45 million financial cooperation to Afghanistan per annum. The financial expenditures will also cover some other important life spheres such as relief and rescue of vulnerable families and person with disabilities.
The head of Swedish committee confirmed that his institution intends to ensure implementation of some other important projects in the country, saying that alongside the upper amount, Sweden will also provide 130 million dollars aids to the Afghan government as per Tokyo commitments in the next ten years.
Addressing the four years plan announcement ceremony here in Kabul, Minister of Economy Abdul Hadi Arghandiwal said, “In coming years we have to cope with series of challenges, the government of Afghanistan by evaluating the ground realities has formulated its economic policy on the basis of the facts of the Afghan society in order to pave the way for economically prosperous Afghanistan and Council of Minister CM has already endorsed the economic policy, the main objective of the policy is to work on poverty alleviation programs, food safety, employment opportunities.”
“Insecurity and instability have been two major issues behind the job recessions,” Arghandiwal said. “Thousands of students are graduated from the universities and higher education institutions on the annual basis, but some of them are joining the government armed insurgents because of deprivation and unemployment, despite billions of dollars financial cooperation of international community raised to Afghanistan over the past ten years, effective strategies weren’t made regarding employment opportunities, Afghanistan also failed to gain tangible growth in power generation while the country has the capacity to produce up to 23,000 megawatt electricity from its water resources.” The Minister of Economy said that Afghanistan has major potentials in natural resources including solar energy production, saying that the country needs to focus on the security in order to pave the way for investments and mines extractions. The mine extractions would lay constructive impacts on boosting up the nation incomes and develop Afghanistan’s agriculture and industrial growth in longstanding period. This comes at a time that Afghanistan these days confronts major issues in energy sector and even capital Kabul faces long hour’s power load shedding which disrupt the country’s development.

Tuesday, February 18, 2014
Kabul (BNA) In order to supply electricity to the center of Tagab of Kapisa province a contract for transmission of power line and building of a 400 volt network was signed by the Ministry of Power and Water and the Sayeqa Noor Company. 
BNA reported, Mohammad Aref Nourzai Minister of Water and Energy prior to signing of the contract said that this contract covers extension of power line of 20 KW and installation of 20 transformers and building of the 400 W power network at the cost of Euro 4.6 million from gratis-aid of France and will be completed in one year period of which over two thousand families will benefit.
According to Nourzai the consultative and supervision of the project will be carried by the specialists of Antigression Company of Germany.
He also expressed gratitude over the French government assistance in reconstruction of Kabul city and especially services rendered for electricity supply.
He added that the second phase of this project the contract for which will be signed soon will cover extension of power supply line of 110KW electricity and establishment of the sub-station of 110/120 KW of Gulbahar of which the textile mill of Jabul Seraj that is an important plant of the country, will utilize.
Two people’s deputies at the parliament of Kapisa also spoke at the ceremony and thanked French government for the assistance.