24 October 2017

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Economic

Tuesday September 12, 2017

Herat City (BNA) With a sum of over 82,000,000 Afs construction work of a huge irrigation project has started in western Herat province.
The project funded by ministry of water and power in Oba district of the province and the project to be irrigated 1650 hectares of land in the district.
Eng. Noor Ahmad Barez head of Harirod-Murghab basin told BNA, with implementation of the mentioned project 1650 hectares of land will be irrigated in the area.
Khalil Ahmad Shahidzada representative of Herat people in Parliament while put down the foundation stone of the project appreciated activities of ministry of water and power.
T/M.A.Ansari
 

Tuesday, September 12, 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                                            68/65 afs                           
One Pound Sterling                              89/20 afs                           
One Euro                                             81/50 afs                           
One Emirate’s Dirham                         17/55 afs                           
One Thousand Pakistani Rupees          644 afs                           
One Thousand Indian Rupees               1060 afs                                         
One Thousand Iranian Rupees           17/60 afs                           
T. Yarzada

Tuesday September 12, 2017

Kabul (BNA) Afghanistan's Foreign Minister Salahuddin Rabbani has asked India to expedite the development of strategic port of Chabahar in Sistan-Baluchestan Province to bolster a trade route for landlocked Central Asian countries.
The port would allow India to transport goods to Afghanistan by sea. Pakistan currently does not permit India to transport through its territory to Afghanistan, AP reported. Last year, India committed up to $500 million for the development of Chabahar port along with associated roads and railroads. India's External Affairs Minister Sushma Swaraj said on Monday that India would speed up the port development and begin supplying wheat to Afghanistan within weeks. In August, Afghan news agency Wadsam announced that the Iranian government is offering huge discounts on customs duties at Chabahar port to attract more Afghan traders. Wadsam quoted the Economic Attaché at the Iranian Embassy in Kabul Mohammadreza Karimzadeh as saying that Iran is offering an 80-percent discount in export tariffs and a 75-percent discount on import duties to Afghan traders using Chabahar.
Tehran, New Delhi and Kabul signed a trilateral agreement to develop Chabahar in Tehran in May 2016, when Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani visited Iran. The deal stipulates the development and operation of two terminals and three berths at the port with cargo handling capacities for 10 years. Based on the agreement, Iran is to provide land in Chabahar Special Economic Zone to Indian companies for setting up petrochemical, fertilizer and other gas-based industries. India has also agreed to build a 500-km railroad from Chabahar to Zahedan, the provincial capital of Sistan-Baluchestan, close to the Afghan border. India's state-owned IRCON has agreed to build a rail route at a cost of $1.6 billion as part of the transit corridor to Afghanistan. After connecting Chabahar to Zahedan, the railroad will be linked to Zaranj in Afghanistan. Hence, when the Afghan cargo arrives in Zahedan, it can be transported via a 1,380-km railroad to Chabahar and then shipped to India.
A review of trade between Iran and Afghanistan over the past decade shows the neighboring country has mainly been an importer of Iranian goods. Iran's exports to Afghanistan have been on a general uptrend since the fiscal 2005-6, topping at $3 billion in 2012-13. Exports decreased slightly in 2013-14 and the following year, but bounced back to its peak last year (March 2016-17).
Irandaily
 

Monday September 11, 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                                                      68/60 Afs                          
One Pound Sterling                                   89/20 Afs                      
One Euro                                                81/80 Afs                      
One Emirate’s Dirham                                  17/55 Afs                         
One Thousand Pakistani Rupees                   642 Afs                      
One Thousand Indian Rupees          1060 Afs            
One Thousand Iranian Rupees                   17/60 Afs                      
T/M.A.Ansari
 

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