24 October 2019

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Economic

Monday, April 14, 2014
Kabul (BNA) Afghanistan will receive annually $400 million interest by implementation of Turkmenistan gas transited through Afghanistan to Pakistan and India. 
According to a spokesman for Ministry of Commerce and Industries Musafir Tofandi, the project is determined to be started in 2015 and by implementation of the project, transit problems of Afghanistan with Asian countries will be solved and Afghanistan will also receive some gas and money incomes.
“Afghanistan government will get annually $ 400 million incomes from the project and Turkmenistan will also sell some gas to Afghanistan in low price, “Tofandi said.
Spokesman for Ministry of Commerce and Industries added more than 50,000 Afghans would be deployed after the project started.
According to officials for Ministry of Mines and Petroleum, the pipeline for transition of gas lengthen 1735km and its 535km will be transited via Herat and Kandahar cities to Pakistan and then to India. 
The project will cost $8 billion which is to be provided by World Bank and Asian Bank.

Sunday April 13, 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                                   57/10 afgs                            57/15 afgs
One Pound sterling                      94/70 afgs                            94/80 afgs
One Euro                                    78/90 afgs                           79 afgs
One Emirate’s Dirham                 15/45 afgs                            15/50 afgs
One Thousand Indian Rupees       920 afgs                              930 afgs
One Thousand Pakistani Rupees   574 afgs                              575 afgs
One Thousand Iranian Riyals           18/50 afgs                         18/60 afgs
 

Sunday, April 12, 2014
Kabul (BNA) Finance Minister Dr. Omar Zakhilwal who is heading a high-ranking delegation of finance ministry and the Afghanistan Bank to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank (WB) in Washington from April 11 to April 13.
Dr. Zakhilwal during the visit has inked agreement on four projects worth 255.5 million US dollars with Mr. Flip Li Horio the deputy of WB in south Asia.
The projects include 40 million US dollars support of (CSP) for backing power transmission from central Asia to South Asia CASA-1000 which facilitates access to electricity, social services and economic infrastructures.
Furthermore, $15millon for holding vocational trainings and creation of job opportunities in Afghanistan (NATEJA) in a bid to improve the capacity building of the employees and improving living conditions of men, women and youth in the rural and semi-rural areas. Another 110 million US dollars for the development programs of Kabul Municipality (KMDP) and 90.5 million US dollars for the improvement of the Kabul city transport (KUTEI).
Having access to the basic services of Kabul Municipality is one of the objectives of the Kabul Municipality development program and Kabul city transport.
Re-designing management of financial system of Kabul municipality, rapid response during crisis, improving road conditions and the flow of traffic in Kabul streets are included in the development programs.
At the sideline of the meeting the finance minister met with the heads and officials of the partner organizations including the WB, IMF, US special envoy on Afghanistan and Pakistan and the finance minister of Pakistan and exchanged views on bilateral cooperation between the two countries.

Sunday, April 13, 2014
Kabul (BNA) The construction and expansion work of Sang Meher of Badakhshan water dam inaugurated by water and energy ministry.
The construction of the canal which runs alongside Kokcha river passing Faizabad city will be completed within two years 
Engineer Mohammad Rafi Bahman the head of Kokcha zone said BNA, the canal which has 20 km lengths will be extended 11 km more toward Layaba desert.
He said the canal presently has the capacity of two cubic meters of water, but with the completion of the project its capacity will be increased to four cubic meters and can irrigated 1400 acres agriculture lands and will provide edible water for 2800 families.
According to the source the project cost 292440000 afs funded by World Bank.