24 March 2017

RSS Facebook

Ads

Economic

Sunday, January 29, 2017
Kabul (BNA) Da Afghanistan Brishna Sherkat (DABS) and Jagwar and Ingelik international companies have signed contracts for design, procurement, equipment and distribution of electricity networks to Logra, Paktia and Khost provinces in presence of President Mohammad Ashraf Ghani.
In a ceremony held yesterday on this occasion at presidential palace, head of DABS Qutratullah Delawari first spoke related to importance of the respective contracts in creating employment opportunities, economic development and improvement of living situation of the people.
Delawari said that the respective project worth $ 55.8 million would be funded by Asian Development Bank, adding that the project would be completed simultaneously with 500 volt project of central Asia in two years.
Signing of such contracts would help implement goals of DABS in transmission of electricity to remote areas of the country, Delawari added.
Delawari further said that by completion of the projects 13000 subscribers in Logra, 18500 in Paktia and Waza Zadran and 13000 more electricity subscribers would benefit the electricity.
Afterwards, ADB representative to Afghanistan Thomas Panella spoke and said that ADB was honored to help Afghanistan in electricity development sector, adding that the bank was committed to continued assistance to Afghanistan in extension of electricity projects and infrastructures. Pointing to importance of such projects in improvement of economic life of the people, ADB representative said by completion of the projects development and employment would increase and reduce poverty in the country.

Saturday, January 28, 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                                            66/80 afgs                           
One Pound Sterling                              82/90 afgs                         
One Euro                                              71/30 afgs                        
One Emirate’s Dirham                         18/70 afgs                          
One Thousand Pakistani Rupees          615afgs                        
One Thousand Indian Rupees               1027 afgs             
One Thousand Iranian Rupees              17/10 afgs                       
 

Saturday, January 28, 2017

Kabul (BNA) Afghan Ambassador to US has met a delegation of US Agency for International Development (USAID) and discussed better coordination in the execution of agencies’ economic projects in Afghanistan, the envoy wrote on his social media page on Friday.
The two sides also discussed post-Brussels conference projects in the war-torn country and talked about better coordination in the implementation of USAID programs.
Reforms process, facilities for the US investors in Afghanistan and other issues came under discussion between the two sides.
The Afghan envoy talked during the meeting about the exploration of markets for Afghan products, investment in demining, promotion of the Afghan handicraft and products and repatriation of refugees.
Ambassador Mohib thanked the USAID for its development projects in Afghanistan over the years and assured the delegation and the USAID future assistance would be executed in the more effective manner.
It is pertinent to mention that Mohib on Wednesday visited the Indiana State of the US to observe the manufacture of Humvees by AM General LLC.
He asked the US to establish a military and armored vehicles’ maintenance facility in his country. A statement from the Afghan embassy said John Campbell, ex-US commander in Afghanistan, and other officials including Lawrence Platt, James Thomas and Will Goodman accompanied Mohib.
 

Thursday January 26, 2017

Kabul (BNA) With installing three transformers more than 400 families benefiting from electricity in northern Samangan province.
Eng. Mehrabuddin Joya head of Breshna Company in Samangan told, the transformers has been installed in Takye, Hassan Khail and Mongtash villages of Aibak city the provincial capital of the province that has capacity of 350 kw electricity.
The projects funded by Afghanistan Breshna Company, Joya added.
It is mentionable that a sub-station with capacity of 25 mw electricity has been installed in Aibak city at 1389, which for 14, 500 families benefiting in the mentioned city the Hazrat Sultan district of the province.
 

Page 10 of 285