22 September 2019

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Economic

Monday, February 17, 2014
Kabul (BNA) Minister of Foreign Affairs Zarar Ahmad Usmani signed yesterday three bilateral cooperation agreements with his Kyrgyz’s counterpart here in Kabul.
BNA correspondent reported, after meeting with Kirghiz Minister of Foreign Affairs, Minister of Foreign Affairs appeared in a joint news conference with Kyrgyz Foreign Minister and briefed on the results of the meeting.
In the news conference, Minister of Foreign Affairs Zarar Ahmad Usmani said Afghanistan and Kyrgyzstan signed agreements in three separate sectors bilateral consultations, cooperation between institutes of diplomacy for MoFA of the two countries and counter natural disasters.
He said they agreed on setting up a joint economic and trade committee for improvement and strengthening trade and economic relations between the two countries.
According to Minister of Foreign Affairs, setting up Kirghizstan’s embassy to Kabul, connection of Afghanistan’s railway with Kirghizstan and dispatching of Afghan students to the country were the points agreed in the meeting.
In the news conference, Kirghiz Foreign Minister said his country was interested in opening the country’s embassy to Kabul, adding the country would implement projects in agriculture, health and education in Afghanistan. He also expressed his country’s support for peace and negotiations with armed oppositions.

Sunday, February 16, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                                        selling
One Dollar                          57/20 afgs                                  57/25afgs
One Pound sterling             95afgs                                        95/10 afgs
One Euro                            78/10 afgs                                   78/20 afgs
One Emirate’s Dirham       15/25 afgs                                   15/60 afgs
One Saudi Riyal                 15/20 afgs                                     15/30 afgs
One Thousand Indian Rupees 915 afgs                                    920 afgs
One Thousand Pakistani Rupees 538 afgs                                539afgs
One Thousand Iranian Riyals   19/30 afgs                             19/40 afgs

Sunday February 16, 2014
Kabul (BNA) The hand of marketing and advertisement of New Kabul City Project, Elham Omar Hotaki has said that the construction works of nearly 57,000 residential units would be instigated next year, saying that a contract for this purpose was signed with five private national companies and their American, Arabic, Australian, German partners in 1391.
The establishment of 57,000 residential units including its infrastructures would complete with an amount of $ 6.5 billion. However, Mr. Hotaki said that construction of 57,000 residential units along with its infrastructures that include electricity, road, telecommunication services, commercial areas and parks would be completed within the span of five years. The assessment of the concerned companies that intend to take the responsibility for construction of the residential units would be completed soon and simultaneously with the fall of spring season.
The companies which have signed the contract would pay the money and it’s expected that 13,000 residential units would be put for long term from 15 to 25 years installments to the people and rest would be sold out to the people according to the price set by the contractors.
Establishment of the project would provide job opportunities to nearly 140,000 people. “There is need that 120 same type contracts are signed for establishment of the project and $ 80 million would be invested in it,” Engineer Ghulam Sakhi Hassan Zada, Executive chairman of NKC said. “The NKC would be one of the modern cities of the world and the project would be completed in thirty years.”
The New Kabul City Project lies on areas of Dehsabz district in Kabul Barikab district of northern Parwan province and works on master plan of the city was stated back in 1385 by JICA Japanese Company. NKC lies over 370 acres of land and will provide shelter to there million people.
Meanwhile, Popalzai Pola, chairman of Afghanistan Norms and Standard Authority said that an agreement has been signed between New Kabul City and ANSA on the basis of which the ANSA would provide all codes for establishment of standard roads, bridges and other urban related facilities to the NKC project. Establishment of New Kabul City would lay constructive impacts on the economic development of the country and it will also help thousands of the families to get shelter. Today many families in Kabul city have no shelter and are wondering to get a residential unit.

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