23 January 2018

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Economic

Tuesday, January 02, 2018

Kabul (BNA) Ajmal Hameed Abdulrahimzai, Public Relations Director and Spokesperson of Ministry of Finance briefed the press on decisions of the 18th and 19th meetings of the High Economic Council through a press conference in the Government Media and Information Center (GMIC) here yesterday.
“We witnessed a lot of achievements in the country’s economic sector in FY-1396. This year, our national revenue was higher than the target, and Afghanistan had an economic growth of 2.6%” said the spokesman.
Recently, the Afghan Cabinet with the agreement of Ministry of Finance approved amendment plan for the law regulating establishment and activities of private mass media, resulting in a 50% reduction in the amount of bank guarantee and license fees of the media. In return the mass media should reduce its cost by 25 to 60 percent while publishing adds on violence against children and women, the fight against drugs, abduction and trafficking. These adjustments will be enforced after their publication in Official Gazette” he added.
At the 18th meeting of the High Economic Council, on ensuring the implementation of session (17) directive on Moheb Group business plan, the beneficiary property plan, the progress report on the implementation of the APS and APS system and scrap metals were discussed, Abdulrahimzai added.
“The executive board of the relevant departments after six months of work determined the price of colorless scrap metal and colored metals,” he said, adding at the High Economic Council meeting, the price of the colored metals was approved by scrap metals sales department.
According to the spokesman, at the 19th meeting of the High Economic Council, plan of the Ministry of Telecommunications and Information Technology (ICT) for establishing a real-time data management, analysis and evaluation of talc sector value chain was discussed. Consequently, the High Economic Council decided that investors in the talc extraction and processing sector should be encouraged.
“The proposal to amend some of the articles of the Telecommunication Services Product Law was approved by the Council and it was decided that, for processes it should be referred to the cabinet meeting, he added.
It is worth mentioning that, based on the new plan of Ministry of Finance, to provide authentic information to the people, from now on all important decision of the High Economic Council will be shared to the media and people via press conference in the Government Media and Information Center (GMIC).
 

Monday, January 01, 2018
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                                               69/60 Afs                           
One Pound Sterling                                 93/30 Afs                           
One Euro                                                83 Afs                           
One Emirate’s Dirham                           18/90 Afs                           
One Thousand Pakistani Rupees              638 Afs                           
One Thousand Indian Rupees                1060 Afs                                         
One Thousand Iranian Rupees              16/50 Afs                           
Yarzada

Monday, January 1, 2018

Kabul (BNA) Chaired by President Mohammad Ashraf Ghani, the National Procurement Commission (NPC) has approved contracts of two big projects costing $113 million, the Presidential Office said Sunday.
The projects covering two key investment contracts were presented y the ministry of finance’s public private partnership investment to the commission said approved, said the statement.
“Gas-produced power supply project for Sheberghan City, worth $38.8 million, which is expected to be invested on , by Bayat Power Company and the project of Mazar-e-Sharif power installation device, costing $75 million, which is expected to be invested and applied by Ghazanfar Group and IFC International Financial Cooperation,” said the statement adding Da Afghanistan Breshana Shirkat, Ministry of Power and Water, Ministry of Mines and Petroleum and the independent Land administration were the stakeholders.
Sheberghan gas power with 40 megawatt, has been anticipated for five year, while the project of power installation device in Mazar-e-Sharif, which has the capacity of 50 megawatt gas power production, has been considered for 20 years, said the statement.
The president and the commission members called the start of the projects, the first step toward creation of a domestic power product bed and the start of an important move toward self-sufficiency of the energy sector, through private investment, according to the statement.
The Independent Land Admin also reported the commission about its allocation of relatively 25 acres and 100 acres to the two projects, with the president saying the imported electricity price was too high and there was a need to pay attention to domestic power product, said the statement.
 

Sunday, December 31, 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                                               69/70 Afs                           
One Pound Sterling                                 93/10 Afs                           
One Euro                                                83/10 Afs                           
One Emirate’s Dirham                           18/90 Afs                           
One Thousand Pakistani Rupees              633 Afs                           
One Thousand Indian Rupees                1060 Afs                                        
One Thousand Iranian Rupees              16/60 Afs                           
Yarzada
 

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