22 August 2019

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Economic

Wednesday, February 12, 2014
Kabul (BNA) Based on Najibullah Akhtari head of currency exchange market in Kabul, (Sarya Shahzada) report the exchange rate of Afghani is as a follow:
                                            Buying                                        selling
One Dollar                          57/15 afgs                                  57/20afgs
One Pound sterling             93/40 afgs                                  93/50 afgs
One Euro                            77/70 afgs                                   77/80 afgs
One Emirate’s Dirham       15/45 afgs                                   15/50 afgs
One Saudi Riyal                 15/15 afgs                                     15/20 afgs
One Thousand Indian Rupees 910 afgs                                    920 afgs
One Thousand Pakistani Rupees 533 afgs                                534afgs
One Thousand Iranian Riyals   19/20 afgs                             19/30 afgs

Wednesday, February 12, 2014
Kabul (BNA) Mohammad Karim Khalili second vice-president chaired the meeting of Council of Ministers’ Economic Committee which assessed transfer of government lands to the Kabul Municipality and other government enterprises against certain prices. 
According to presidential press office to BNA, the head of the independent land department called the proposal for increasing government income and better use of the government land.
The participants voiced their views on this proposal and it was decided that a commission led by deputy minister of justice with membership of representatives from the agriculture and irrigation, finance, urban development, land department, local organs and the Kabul municipality should be formed to review the proposal and present the revised copy of the proposal.
Meanwhile minister of economy raised the issue of Herat textile plant and the meeting called rehabilitation of the plant for creating jobs and promotion of national economy. And it was confirmed by the CM meeting and assigned the ministry of commerce and industries to facilitate rehabilitation of the textile plant.
The proposal of the ministry of mines and petroleum with respect to the sales of 2500 tons of crude oil from the oil zone of Amu Darya to the ADOTC company and it was decided that selling of oil should be placed on bidding once again while the shareholder company does not have the right to enter into the bidding and the mines and petroleum ministry should review the report of the committee.
The meeting also assessed the report of the assigned commission with respect to the order no 5636 of the presidential office for addressing the proposal of the airlines companies and the meeting after hearing of the report confirmed it. The report contained some problems the airlines companies are faced with including discount of BRT taxes.
The meeting also decided that similar approach should be made as per the Transport International Road Conventions (TIRC) with respect to all the caravans passing from the Afghan territory including the vehicles of Kazakhstan towards Pakistan.

Wednesday, February 12, 2014
Kabul (BNA) Officials of Afghanistan Ministry of Water and Energy (MoWE) have said that new surveys show that the country is capable to produce up to 220.000 megawatt electricity from its natural resources.
“Afghanistan is counted amongst the richest nations in terms of energy particularly solar energy; our capability of producing solar energy is even beyond the capabilities of Pakistan, India and Saudi Arabia which are among the warmest countries in the region,” said Amanullah Ghalib, Acting Chief of Solar Energy Production Department of Ministry of Water and Energy, “It’s expected that some solar equipment are installed in at least six provinces of the country which would generate 30 megawatt electricity.”
Meanwhile, economic analysts have applauded the endeavor of Ministry of Water and Energy for generation of solar energy and urge that Afghanistan has the best climate in the world and is fully capable of generating thousands of megawatts electricity through hydro and solar system.
“We need investment in energy sector, Afghanistan a rich country in terms of natural resources, the government must focus on investment,” economic expert Mohammad Akram said. “People in some areas of the country have already used solar energy and the outcomes have been remarked.”
“Solar system has brought up may facilities to the resident in Logar province, we even cook our meals in solar energy and people are completely satisfied,” local resident in Logar province Mohmmad Agha said.
Economic commentators believe that Afghanistan not succeeded to get self-reliance in power generation field despite billions of dollars financial cooperation of international community since 2001.
Afghanistan needs to focus on expansion of investments and training technical cadres to extract mines and develop energy production.

Tuesday, February 11, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchanged market in Kabul, (Sarya Shahzada) report the exchange rate of Afghani as a follow:
                                              Buying                                        Selling
One Dollar                          57/10 afgs                                  57/20afgs
One Pound sterling             93/40 afgs                                  93/50 afgs
One Euro                            77/70 afgs                                   77/80 afgs
One Emirate’s Dirham       15/45 afgs                                   15/50 afgs
One Saudi Riyal                 15/15 afgs                                     15/20 afgs
One Thousand Indian Rupees 905 afgs                                    910 afgs
One Thousand Pakistani Rupees 532 afgs                                533afgs
One Thousand Iranian Riyals   19/30 afgs                             19/40 afgs