21 August 2017

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Economic

Sunday, July 30, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/45 afgs                           
One Pound Sterling                                   89 /10afgs                         
One Euro                                              79/90 afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees             630 afgs                        
One Thousand Indian Rupees               1060 afgs             
One Thousand Iranian Rupees             17/80 afgs  
Yarzada
 

Sunday July 30, 2017

Kabul (BNA) The Ministry of Agriculture, Irrigation and Livestock (MAIL) is promoting the saffron and soybean farming in Bamiyan province in the center of Afghanistan, the agriculture minister Assadullah Zamir said.
The ministry has established at least 10 research fields in different districts of the province, Zamir said, adding that they have attracted the attention of Bamiyan farmers to cultivate saffron and soybean on their lands.
According to him, their researches show that Bamiyan is suitable for saffron and soybean farming.
He said efforts are underway to increase the distribution of modified wheat to Bamiyan farmers.
Tolo News
 

Saturday July 29, 2017
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:                                                                              

One Dollar                                            68/40 afgs                           
One Pound Sterling                                   89 afgs                         
One Euro                                              79/90 afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees             630 afgs                        
One Thousand Indian Rupees               1060 afgs             
One Thousand Iranian Rupees             17/90 afgs  
T/M.A.Ansari

Saturday, July 29, 2017
Kabul (BNA)  Eklil Hakimi, Minister of Finance has expressed concern over decreasing of incomes from the country’s mines and told media that Afghanistan government should implement necessary programs for prevention of embezzlement in incomes of mines.
He said that a part of mines’ incomes where were national properties of the country were still embezzled by individuals; therefore, mines’ incomes have considerably decreased in the country.
Previously, civil society organizations overseeing the natural resources of the country had repeatedly expressed their concern over embezzlement of mines’ incomes , but it is the first time that minister of finance has been considering various problems as cause of losing mines’ incomes in the country.
He said he hoped that the new leading body for ministry of mines would improve the incomes condition, asserting that government institutions should seriously work for protection of national properties.
“Our mines are facing with lots of challenges and problems – mines’ incomes are being embezzled by powerful figures in the country as these incomes are national properties and should be prevented”, Hakimi said.
On the other hand, a spokesperson to ministry of mines Abdul Qadir Mustafa while accepting that incomes in mines sector have decreased due to postponement of work on mines contracts and existence of big debts on big contractors, adding that the ministry was trying to increase mines incomes by specification of debts’ balances and reviewing mines contracts.
“We are trying to collect first our debts by launching key programs which are currently underway and later take step towards providing facilities for signing mines-related contracts”, Mustafa added.
Previously, officials of Transparency Initiatives Organization for Afghanistan Resources Excavation had said in consideration to big mines resources in the country, Afghanistan should have up to $ 3.5 billion incomes annually from its mines.
Related to embezzlement of mines’ incomes and decreasing incomes in mines sector, economical expert Azarakhsh Hafizi said “Undoubtedly Afghanistan mines are national investment of the people, but unfortunately all mines of Afghanistan have been embezzled by a number of warlords and local powerful figures for the past few years and Afghanistan government has also paid no attention to overseeing mines excavation in the country”.
“Our people need to legally make use of their mines because Afghanistan is rich of big natural resources. If the government principally invest on the country’s mines, the people will have good economic future”, Hafizi asserted, adding that Afghanistan government should make effort to give excavation of mines to companies so that their incomes could not be embezzled, but controlled and collected by the government.
It is said that illegal excavation of mines has unprecedentedly increased in recent years in the country and currently illegal excavation of mines are continuing in Kabul, Panjshir, Badakhshan, Laghman, Kunar, Nangarhar and a number of other provinces of the country.
Thus, it is believed that most of money coming from illegal excavation of mines will fund armed insurgents who can use the money for destroying the country if national unity government does not take action for prevention of illegal excavation of mines in the country.
Shukria Kohistani
Yarzada

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