29 April 2017

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Economic

Sunday March 5, 2017

Kabul (BNA) Afghan citizens are facing high prices of fruits and vegetables as Torkham border still remained closed, said officials and citizens.
Economic expert, Azrakhsh Hafezi said the government, particularly the agriculture, livestock and irrigation organs could tackle the problem through beefing green-houses in the country to help fruits and vegetables remain fresh and remove needs of importing them from the neighboring Pakistan, as sometimes it closes its border with Afghanistan.
He said the plan could highly somewhat remove the needs of the Afghan citizens. “Hundreds of contains of edible items, including fruits and vegetables may have been wasted and spoiled after the border remained long closed by the Pakistani officials.” Hafezi asked the government for doing their best to provide another alternative ways to avoid problems in this field. However the officials of the country’s chamber of commerce and industries said that after closure of the Torkham border, Afghan businessmen’s deal has increased with the central Asian countries, particularly with Iran, but despites this, the problems still persist, as most of edible items are still imported from Pakistan.
A vegetable vendor, Mohammad Amin said fruits and vegetable prices have increased in the Kabul markets, after the Torkham port was shut inflicting losses on both the dealers and customers. He said if the green-houses were established and their number increased in the country, then neither the importers nor the people would have not suffer such losses. “These vegetables you are seeing have been brought from the greenhouses in Nangarhar, Helmand and other provinces, but the number of them are limited and not sufficient,” he said pointing to the vegetable he was vending. A Kabul citizen, Farahnaz said that he has not still succeeded to purchase her needed vegetables and fruits in the market due to hike in the prices, as he complained about low income as well. But, the ministry of commerce and industries believed in the past the price of a bag of flour has hiked after the border closure, but recently due trade contracts with a number of central Asian countries, including Kazakhstan and Kyrgyzstan, the prices, particularly of flour and rise have still remained stable and faced no change. They said fruits and vegetables would be imported of the Northern provinces and Nimroz province, through which the needs would be met.
Shukria Kohistani
 

Sunday, March 05, 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                                            67/73 afgs                           
One Pound Sterling                              82/90 afgs                         
One Euro                                              71/80 afgs                        
One Emirate’s Dirham                         18/45 afgs                          
One Thousand Pakistani Rupees          626afgs                        
One Thousand Indian Rupees               1010 afgs             
One Thousand Iranian Rupees              17/70 afgs                       
 

Sunday, March 05, 2017

Kabul (BNA) Eklil Hakimi, Minister of Finance met International Monetary Fund (IMF) Mission officials here yesterday, the ministry said in a statement. 
Both sides discussed implementation and progress of commitments under the three year program of economic and financial reforms with International Monetary Fund (IMF) which agreed upon on June 2016.
According to the statement, the main objective of this program was providing a better circumstance for economic stability of the country, fight against corruption and reforms in customs and banking systems.  The program also identifies specific indicators and benchmarks for upcoming programs reviews, and developing a strategy to strengthen economic programs and provide job opportunity for the nationals.  

Sunday March 5, 2017

Kabul (BNA) Head of Capital Zone Independent Development Authority (CZIDA) Elham Omar Hotaki signed contracts for construction of Barikaab economic and Development Township with Co-3, Excellent and Latifi construction companies in presence of President Mohammad Ashraf Ghani.
In a ceremony held on this occasion, CZIDA chief while briefing related to Barikaab development zone, its location and land and economic importance of the zone said the zone has been designed for 1000 factories and by construction the township employment opportunities would be provided to nearly 35,000 people and could also absorb $ 200 million investment of private sector. He added that land would be distributed for construction of 100 manufacturing factories in the respective zone. In this economic zone, the government would invest $ 15 million, while the government income would reach $ 28 million in three to five years, he said. Eng. Elham Omar Hotaki asserted that the township would be constructed in lands usurped during the past years, adding that based on decision of National Security Council and order of President Mohammad Ashraf Ghani, not only the usurped lands were retaken but also big development projects would be implemented.
 

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