22 January 2017

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Economic

Wednesday, December 28, 2016

Tashkent (BNA) Official from the Ministry of Agriculture, Irrigation and Livestock (MAIL) on Monday said that the process of exporting nearly 100,000 tons of wheat from Uzbekistan to Afghanistan will start within three months.
The ministry has said that the wheat will be stockpiled for emergency purposes. 
India has also pledged to provide 130,000 tons of wheat to Afghanistan, officials said.
Meanwhile, Lotfullah Rashid, a spokesman for MAIL said the national procurement commission has finalized the contract to purchase the wheat from Uzbekistan and that the total shipment of 100,000 tons will arrive in the country within three months. 
“The wheat, which is to be imported from Uzbekistan, will be used for emergency purposes,” said Rashid.
Afghanistan needs nearly six million tons of wheat annually. Of this, 4.5 million is from the domestic market and the remainder is imported from neighboring countries.
Meanwhile, agriculture experts have asked government to forge a comprehensive strategy so that the country can become self-reliant in terms of wheat production. 
“Instead of importing wheat, the government should focus on the expansion of wheat cultivation; this would help the country’s economic development and will also improve the lives of the farmers,” said Yasamin Farahmand, a member of the Academy of Science.
“The private sector is ready to invest in the agriculture sector particularly in wheat production, but for this government needs to work with investors and resolve their problems,” said Seyam Pesarlai, spokesman for the Afghanistan Chamber of Commerce and Industries (ACCI).
 

Tuesday, December 27, 2016
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                                               66/95 afgs                           
One Pound Sterling                                 81/70 afgs                         
One Euro                                                69/90 afgs                        
One Emirate’s Dirham                            18/20 afgs                          
One Thousand Pakistani Rupees              617 afgs                        
One Thousand Indian Rupees                 1030 afgs             
One Thousand Iranian Rupees              16/75 afgs                       

Tuesday December 27, 2016

Kabul (BNA) President of the Islamic Republic of Afghanistan, Mohammad Ashraf Ghani presided over the High Economic Council (HEC) meeting here the other day and discussed issuers related to business indexes, development of energy sector and increasing the energy production capacities, a presidential statement said. According to the statement, Minister of Commerce and Industries Mohammad Homayoun Rassa briefed the session on successfully merging of the Afghanistan Investment Supporting Agency (AISA) with the Ministry, adding since establishment of the registration and license department, 6500 licenses were registered, which among them 1500 are newly issued licenses and 4500 other are the renewed ones. According to the minister, 5.2 million dollar were collected on the basis of registration of the licenses. Later on, the Minister of Commerce and Industries and officials of the Georgia’s Reformatics Company as quoted in the statement, presented a report on investigation conducted by the company on business indexes, adding 168 proposals have been made to improve the business indexes, that implementation of which would help Afghanistan to provide better business environment. The minister went on saying that the company enjoying professional cadres and has been managing by the Georgia’s prime minister since its establishment in 2012.
According to the minister, the company has good working experiences, as it has helped Georgia to go from number 108 to 8th in world business indexes. The Reformatics experts have divided Afghanistan into 10 business indexes of beginning business, construction licenses, access to energy, registration of the properties, access to loans, protection of the micro investors, tax payment, overseas trade, implementation of the contracts and solving of bankruptcy, the statement added. Chief Executive Dr. Abdullah Abdullah, Minister of Energy and Water Ali Ahmad Osmani, MP Obaidullah Rameen, Director of Land Authority of Afghanistan Jawad Paikar, head of the Afghanistan industrialists Sherbaz Kameen Zada spoke related to the issue, emphasizing that such proposals would meet current requirements of the country. Praising Reformatics Company, President Ghani said that government has firm will to bring necessary reform, the statement further added. According to the president as quoted in the statement, investment needs insurance that without assurance and insurance, investment could face serious challenges, adding the company’s proposals needed to be reviewed so that to find the best and cheap option which also requires less time to be implemented. The president instructed the ministries of finance, economy and commerce to discuss the establishment of insurance company to provide services for the small and medium businesses. The session also decided that the legal aspects of the proposals are needed to be discussed through the laws committee led by the second vice president as well its economic prospects by the economic commission of the council of ministers. Pointing to importance of energy, the president said that efforts should be undertaken to generate energy through coal and gas, instructing the Breshna Sherkat, Ministry of Energy and Water and presidential advisor on infrastructures to review the Reformatics Company’s proposal and find the best way of its implementation.
 

Monday, December 26, 2016

Mazar-e-Sharif (BNA) Aa new garment factory has been established in northern Balkh province where 150 individuals have been employed and produced thousands meters of cloth on daily bases.
Haji Baryali Nabizada, the owner of factory, said that the facility had been made functional over the past one month but was not officially inaugurated. 
He demanded government support for more production in the factory.
He said 10,000 meters cloth and 1.5 tons of thread was produced in 24 hours in the factory with 150 people, including 60 women, provided with work opportunity.
Murtaza a worker, said he was suffering from unemployment over the past few years.
“Often I decided to go to Iran for work, but did not have enough money to do so.”
He was joyful over the establishment of factory in the province where he will work and may not feel the need to go to other country.
The factory owner said he invested 60 million Afghanis and planned to export the product.  He demanded government support to increase the production.
The land and electricity issues threatened the production and expansion of the factory and Nabizada demanded help from the government in this regard.  Governor spokesman termed the establishment of garment factory a positive sign for business.  He said the provincial government welcomed investment business in the province.  
 

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