24 January 2017

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Economic

Tuesday, December 20, 2016

Kabul (BNA) The World Bank (WB) donated $ 83.5 million to Ministry of Finance based on commitments made to bring reforms in 5 key sections, a statement from the ministry said.
The fund, includes US $ 900 million that Ministry of Finance would receive in return to bring reforms in income resources, organizational reforms, tax management, aid effectiveness and provincial budget within three years, the statement added. According to the Ministry, the fund would be spent through optional budget considering government priority.
 

Monday, December 19, 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                                            66/73 afgs                           
One Pound Sterling                              83/10 afgs                         
One Euro                                             70/10 afgs                        
One Emirate’s Dirham                         18/10 afgs                          
One Thousand Pakistani Rupees          617afgs                        
One Thousand Indian Rupees               1050 afgs             
One Thousand Iranian Rupees               17/95 afgs                       

Monday December 19, 2016

Kabul (BNA) Lauding the government of national unity’s achievements in the fields of transit and transport, a number of economic experts told that since its establishment, the NUG has had many attainments on regional linkage area and economic growth of the country.
An economic expert, Azrakhsh Hafezi said, ‘despite security challenges, the government of Afghanistan has had many achievements in the field of transit routes.’ As inauguration of Aqina railway has increased Afghanistan’s export to abroad by 40 percent, he said, adding we hope in the future, our traders could succeed to transfer their merchandizes to Central Asia and Europe safer and cheaper. In fact, the Afghan government has proved it can play the role of transit square in the region and is a connecting bridge for Central Asia to South Asia. It is worth mentioning that the projects of Lazuli Route, Afghanistan, Turkmenistan, Tajikistan trilateral railway, etc. are the eye-catching works made by the government of national unity so far. Including Afghanistan in ‘One Route One Belt’ is another positive step taken by the NUG, following which the first Chinese train transferring Afghan traders’ mechanizes, has arrived in Hairatan on Dec. 26. At the same time, officials of the Afghan government said that some economic and transport projects were due to put into practice, as president Ghani in the inauguration ceremony of Aqina railway said, ‘our investment in transport section can change Afghanistan into cooperation zone.’ A Kabul university lecturer, Saifuddin Saihoun said, ‘if security is ensured, due to its geostrategic position in the region, Afghanistan would obtain much tax while transferring commodities from South Asia to Central Asia.’ Therefore, the government of Afghanistan should pay serious heed in this regard, so it faces with economic growth and reaches self-reliance.
Shukria Kohistani
 

Monday, December 19, 2016
Kabul (BNA) Eklil Hakimi, Minister of Finance met with Ariana Afghan Airlines Board of Directors in the presence of all Shareholders the other day.
In this meeting which also attended by Minister of Economy, respectable directors of Pashtany Bank and Bank-e-Millie (National Bank), the issues like Completion of 5 years plan strategy draft of the company, purchasing new airplanes, inactive airplanes, procurement of airplanes oil in domestic airport, construction of new building for Ariana offices, providing facilities for passengers and Hujaj and  main Terms of Reference were discussed. According to another report, chaired by Finance Minister, Eklil Hakimi, the high committee on used metals sales discussed some related issues on Sunday, a statement from the ministry’s office said. Attended the meeting, the members of the committee, with economy minister, Abdul Sattar Murad, deputies to the trade and mining and petroleum ministries, shared their visions about the procedure of the sales of the used metals in the internal steel factories and report about the latest executions by the general directorate of the enterprises and the government firms, size and locations of the substances, transparency and fighting corruption had been discussed. In the meeting, the steel factories works have been investigated and resolved that the ground should be paved for the internal steel factories to melt the expired hardware, said the statement. The members have been asked in the meeting to deeply study the producer and provide their suggestions to be talked on, in the next meeting of the high economic council, according to the agency. Representatives from transparency observers from SIGAR, national economic commission of the Meshrano Jirga, defense commission of the Wolesi Jirga, notable parliamentary officials on counter-corruption and the Resolute Mission’s SISTIKA administration have attended the meeting.

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