14 November 2019

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Economic

Wednesday, April 18, 2012
Kabul (BNA) Twenty five companies have been selected for investment in gold and copper mines in Afghanistan after specific assessments. 
According to information of mines ministry of 41 interested companies for investment on gold and copper mines of Zarkashan of Ghazni, gold mine of Badakhshan, copper mine of Shedai of Herat and copper mine of Bulkhabd, 25 foreign companies after assessments by the assigned committee of the ministers in mine affairs wee specified as eligible. 
Waheedullah Shahrani Minister of Mines called the interest of the companies as indicator of the world willingness in sustainable development of Afghanistan and he hoped that this process as other projects is successfully completed and finally led towards extraction of these resources. 
He added that these mines on the basis of the five-year plan of mines ministry following introduction on 15th of Qaus of 1390 to the world investors was officially placed to bidding in the London Conference and up to the 20th of Hoot 1390 41 companies from India, US, Canada, Britain, UAE, Turkey, Australia and an Afghan company expressed their willingness for investment on these mines. 
Of those 25 companies were confirmed as eligible for investments and it is expected that they forward their complete proposals for investment and after that the ministry of mines and assigned ministerial commission in mines affairs will study technical and economic standards of the companies.

Wednesday, April 18, 2012
Kabul (BNA) The representatives of the government of Afghanistan, Pakistan and India during a meeting in Islamabad the other day had finalized the royalty of the trans-pipeline of gas from Turkmenistan to Pakistan onward to India through Afghanistan. 
According to the Ministry for Mines, Minister Wahidullah Shahrani who visited Turkmenistan arrived in Islamabad the other day and attended the meeting. 
Afghanistan would earn 400 million US dollars annually as royalty. 
The four governments are expected to hold joint meeting on May 24 in Ashkhabad where representatives of the World Bank and the Asian Development Bank would attend to finalize the gas price besides inking the agreement. 
Afghanistan over the next 30 years would earn billions of US dollars as royalty.

Sunday, April 15, 2012
Kabul (BNA) Based on CM decision, a session was held at the ministry of agriculture, attended by minister of counter drug, US ambassador, representatives from a number of Kabul based embassies, head of USAID and a number of internal and foreign concerned organs discussing Food Zone. 
The main target of the session was to discuss the eradication of poppy, providing the ground for alternate crop and encouraging the farmers for legal sustainable agricultural grounds. 
The project included public awareness providing alternate crop, influencing the law on reduction of poppy cultivation would cost up to $81 million and expected to implement in some provinces of the country such as Oruzgan, Farah, Kandahar and Badakhshan by ministry of agriculture in close coordination with the ministry of counter-drug and under the supervision of the provincial governors. 
The minister of counter drugs, “However, by eradicating poppy field across the said provinces, we perform a legal action, but the effort would highly harm the farmers, so, simultaneously, alternate crop should be provided for those vulnerable farmers in the provinces, where the poppy are expected to be wiped out”. 
Calling the implementation of the program very important in growing the farmer’s economy, reduction of demand for poppy cultivation and removal of poverty across the country, the minister of agriculture said.” 
By implementation of the program, we are trying our best to prevent the farmers return to cultivation of poppy”. 
The program would be implemented in close cooperation with the ministers of counter drugs, water and energy and rehabilitation and rural development and “we simultaneously start implementation of economic and development packages across the said provinces”, he said. 
The US ambassador also lauded the program and called effective in ensuring security, encouraging the farmers to adopt a legal agriculture, improvement of the farmer’s economic condition, reduction of poverty, called coordination of the organs concerned, an important step in eradication of poppy and agriculture growth. 
The ambassador pledged to provide any cooperation in implementation of Food Zone and other programs run for alternate crop.

Sunday, April 15, 2012
Kabul (BNA) Mohammad Karim Khalili second vice-president and head of the economic committee of the Council of Ministers, attended the ceremony marking growth of the domestic income. 
He told the gathering that Afghanistan closing towards economic stability from a ruined economy. 
Other participants of this gathering included ministers of finance, rehabilitation and rural development, public works, communications and information technology and some other high ranking government officials and the private sector. 
On the basis of finance ministry’s report, domestic income in the past year had a growth of over 50% and the overall income in 1391 will reach Afs, 100 billion. 
Khalili congratulated the Afghan nation on this achievement and appreciated all those who strived hard for growth of the domestic incomes and expressed the hope that further growth be occurred during the coming years as well so that the country attains self-reliance. 
He noted that growth of domestic income can help the government in meeting a part of its ordinary budget and in meeting the costs of some of the important projects and this way a balanced economy will be materialized. 
He added that in addition of enabling us in reaching self-reliance growth of income may make us hopeful for consolidation of rule of law, relative improvement in our administration, existence of transparency, upgrading the human power and modernization of equipment and possibilities and this is decisively supported by the government leadership. 
In another part of his address he stressed that in order to reach self-reliance, it is need to strengthen our collection of income systems, specify income sources and invest on those sources. 
He once again reiterated on strengthening of the private sector and added that it is expected that the activists of this sector focus its attention towards all its work aspects and he also requested the parliament and other foundations of the government to amend laws that are not responsive to the present economic requirements and fill the existing gaps so that the effectiveness of the trade and economic activities and poverty elimination prove instrumental as well. 
The minister of finance called attaining of Afs, 100 billion as domestic income a great achievement for the government of Afghanistan and reiterated that Afghanistan in order to make sustainable expansion is in need of depending on its domestic resources and income. 
He stressed that for the first time the government of Afghanistan could finance some of the national projects like Kamal Khan Dam, Herat-Ghour-Kabul highway and most of other infrastructure projects through its domestic income. 
He also considered domestic income increase an indicator of change and increment of capacities in the economic system of the country. 
At this gathering minister of communications and information technology and the representative of the IMF and some other high government officials also spoke on this issue. 
At the end those media networks having worked hard in economic journalism were awarded letters of merit by the finance ministry.