22 October 2019

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Economic

Monday, March 31, 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                            57/60 afgs                                  57/70afgs
One Pound sterling               95/50 afgs                                 95/55afgs
One Euro                             78/90afgs                                   79 afgs
One Emirate’s Dirham          15/50 afgs                                   15/60 afgs
One Thousand Indian Rupees 920 afgs                                   930 afgs
One Thousand Pakistani Rupees 560 afgs                              563afgs
One Thousand Iranian Riyals   19/30afgs                             19/40 afgs

Sunday, March 30, 2014
Kabul (BNA) The World Bank (WB) has pledged to provide an amount of $ 526 million financial assistance for transfer of power from central Asian states to south Asia.
The money will be shared between Afghanistan, Kyrgyzstan, Pakistan and Tajikistan.
The overall expenditures for the project have been estimated to 1.17 billion dollars and the two important institutions including Islamic Development Bank and USAID have pledged to pay the remaining amount.
With the implementation of this project, 1300 megawatt electricity would be transferred from Tajikistan and Kyrgyzstan power generation facilities to Afghanistan and onward to Pakistan.
This comes at a time that previously, the Afghan deputy minister of water and energy had said that on the basis of the plan, energy from central Asian states would be transferred to Pakistan via Afghanistan soil.
The project will make sure the transfer of 13, 00 megawatt electricity and Afghanistan will be able to use 300 megawatt power from the project.
The length of the project is about 1270 km with 563 in Afghan territory. Afghanistan will receive $ 80 million financial assistance from the project per annum.
The energy line lies through Sher Khan Bandar Port in northern Afghanistan and by passing from Pul-e-Khumri of Baghlan province will reach to Kabul and onward to neighboring Pakistan.
The government of Islamic Republic of Afghanistan intends to execute some economic plan across the energy line which will cost 70 million dollars.
The US in Afghanistan has welcomed implementation of the project and in its Twitter page the US embassy officials have said that the US has provided $ 15 million to implement the project.

Saturday, March 29, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchange in Kabul Market (Saraye Shahzada) report the exchange rate of Afghani as a follow:
                                            Buying                                        selling
One Dollar                          57/30 afgs                                  57/40afgs
One Pound sterling             94/90 afgs                                 94/95afgs
One Euro                            78/70afgs                                   78/80 afgs
One Emirate’s Dirham       15/60 afgs                                   15/65 afgs
One Thousand Indian Rupees 920 afgs                                   930 afgs
One Thousand Pakistani Rupees 561 afgs                              562afgs
One Thousand Iranian Riyals   18/80afgs                             18/90 afgs

Saturday, March 29, 2014
Kabul (BNA) An agreement costing $ 150 million was signed the other day between the Afghanistan Breshna Company and two Indian
companies for expansion of power supply network in Afghanistan.
The agreement was signed between the ABS chairman Abdul Razaq Samadi and officials for Phoenix and KAC, the Indian companies while MoF Hazrat Omar Zakhailwal was present.
Before signing of the agreements Minister of Finance Dr. Omar Zakhilwal said, “The projects costing more than $ 151 million funded by USAID will be implemented in two stages.
Designing, delivering, installing and extending a 220 kvolt electricity line from Arghandi of Kabul to Ghazni will be implemented in the first stage, while designing delivering and constructing of a sub-station with the capacity of 220 kvolt in Sayedabad and Ghazni will be implemented in the second stage.” Meanwhile, GFA Company will be responsible for providing advisory services in the projects.
Chairman of the Afghanistan Breshna Company Abdul Razaq Samadi said the projects would be completed in 2018, adding the companies had enough experience in construction of sub-stations and extension of electricity.