22 September 2017

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Economic

Wednesday, August 02, 2017

Kabul (BNA) Officials of the ministry for mines and petroleum said that mines were Afghanistan’s spiritual investments and if investment is made on them, the country would reach self-sufficiency in the future.
Recently, western media have reported that the US president has plans on Afghanistan’s mines. However, the ministry of mines doesn’t know anything about the US will on investments on underground resources, but the government welcomes the US move in this regard.
The spokesperson to the ministry of mines and petroleum, Qadir Mufti while rejecting the report, said that recently, foreigners are eager to invest on Afghanistan’s mines—an action that has warmly welcomed by the government of Afghanistan.
The ministry of mines could create some capacities in term of investment on mines so to draw the attention of foreigners, he further said.
In fact, the countries have specific economic policies and Afghanistan’s economic policy is to draw the attention of foreign investments, he added.
He stressed what is important to the government of Afghanistan is our management in this regard.
Calling investments on mines important, he said what is being stressed by the government of Afghanistan is the supervision that should be done by own Afghans.
According to officials of the ministry for mines’ assertions, the ministry is making effort to speed up some investment competitions to draw the investments on mines, a move to provide the way for economic growth. Afghanistan enjoys intact mines and they need further attention and the ministry of mines is making effort to create a strategy so the mines are legally extracted, the spokesperson continued.
He clarified that Mis-e-Aynak mine in Logar has been invested by China and Hajigak mine by India and we pave the ground for further investments on the country’s mines.
On reckless extraction of mines by powerful figures, he said, the ministry of mines in cooperation with other security entities is working on some programs to prevent illegal extractions. He assured the people of Afghanistan that if investment is made on natural resources, the country would soon reach self-sufficiency.
He said according to estimated figures issued by the US on Afghanistan’s mines, the country’s mines worth reaches $3 trillion and the government believes the amount would reach higher the figure.
Our projects are being reviewed and we are making effort to create a comprehensive system to manage the country’s mines, he added.
Suraya Raiszada
 

Tuesday, August 01, 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                                            68/45 afs                           
One Pound Sterling                                   89 afs
One Euro                                              80 / afs
One Emirate’s Dirham                         18/55 afs
One Thousand Pakistani Rupees             632 afs
One Thousand Indian Rupees               10678 afs             
One Thousand Iranian Rupees             17/80 afs
T. Yarzada
 

Tuesday August 1, 2017

Kabul (BNA) Chaired by President Mohammad Ashraf Ghani, the High Economic Council (HEC) held meeting on Monday, the president press office said in a statement. According to the statement, the meeting discussed Turkish Petroleum Company contract, the proposal of Ariana Airways Company on Pamir Airways’ planes and equipment and its demands on the government administrations, the report on meetings of the International Monetary Fund (IMF) and on Real Time Data Management System. The ministry of mines’ in-charges briefed the session on problem with Turkish Petroleum Company contract, saying the company has extended the project’s completion deadline many times and it wasn’t loyal to its commitments, as a result of which the company has been fined $3.4 mln, the statement added.
The ministry asked the HEC meeting for further directions in this regard, the statement continued. Mustafa Mastoor, financial deputy minister of finance said we had to know the delay reasons in implementation of the project. A senior presidential advisor on infrastructure affairs, Dr. Mohammad Humayoun Qayoumi said we needed a vivid strategy to solve the contracts’ problems in the future. Afterward, the president stressed the Turkish Company’s problems should be presented, listened and classified.
The president called implementation of fine on the company important and stressed on seriousness in the respect. On prioritization of gas distribution for power generation projects, the president said the priority would be considered based on the beginning of the process and the contract with companies. Transferring Pamir airways company’s assets to Ariana Airways Company has also been discussed in the meeting. On Afghanistan-India air corridor, the president said that due to exports’ importance, the private sector, Ariana Afghan and Kam Air Airways Companies should hold meeting and create a clear exports’ timetable.
 

Tuesday, August 01, 2017

Kabul (BNA) The National Procurement Commission (NPC) with President Mohammad Ashraf Ghani on the chair held meeting on Monday, the president press office said in a statement.
The meeting approved eight contracts worth 2 billion in addition to the contracts for Wazir Mohammad Akbar Khan Green Zone and Urban Plan, according to the statement.
The other contracts approved during the meeting are construction of a 50-meter bridge in Asmar district of Kunar province, procurement of 5 uniform items for Afghan National Police (ANP), procurement of reinforcement items required by the central and regional army divisions and units for 14 sections and for two fiscal years, the statement added.
Procurement of food items for the central and other provinces’ hostels belonging to the ministry of education, internet services for central offices and customs’ houses of the ministry for finance, the statement continued.
Besides, the meeting approved the proposing plan of the Capital Zone Development Office on building of residential houses, construction of 10 km road and establishing a green zone in Wazir Mohammad Akbar Khan area and tasked the ministry of finance to proceed the financial affairs in this regard. The other contracts approved during the meeting includes increment in contract value for the purchase of printing machines to issue passports in the embassy of Afghanistan in Tehran, and modification of the contract for the recruitment of legal firm to resolve the legal issue regarding the Qaisar-Laman ring road in international court.
ARG Palace said the commissioners of the Independent Joint Anti-Corruption Monitoring Committee (MEC) were also invited to participate in the meeting to monitor the approval of the contracts by the National Procurement Commission. The meeting was attended by Chief Executive, Dr. Abdullah Abdullah, ministers of finance, justice and economy, senior presidential advisor on infrastructure affairs, the NPC in-charges, SIGAR observers and some other officials.
 

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