23 February 2017

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Economic

Wednesday, January 04, 2017
Kabul (BNA) The Afghan government has begun efforts to use the opportunities of the World Trade Organization (WTO).
Afghanistan submitted its application to join the WTO in November 2004 and acceded to the World Trade Organization seven months ago. Reform, bringing ease of Commerce, preparation and implementation of investment strategy, effective use of facilities, preparation of export development strategy is an important component the ministry’s strategy. “We are taking practical steps in fulfilling the commitments of Afghanistan. We are working on capacity building of the private sector that can use the facilities of WTO,” said Homayoun Rasa, minister of commerce and industry. Deputy Minister of commerce and industry consider WTO very essential for the economic growth and increase of exports. “It depends on the Afghan government if wants to use the opportunities of WTO. Today’s meeting was about the ways that how to use the facilities of WTO,” said Qurban Haqjo, deputy minister of commerce. He added, we can ease the trade system in Afghanistan and attract more investment in the country. “We can raise the level of productions and have a competitive productions and other plans to increase our exports,” Haqjo added. Currently there are 149 member countries in the WTO and in the nearest future this number will increase.

Monday, January 02, 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                                            66/95 afgs                           
One Pound Sterling                              81/70 afgs                         
One Euro                                              69/80 afgs                        
One Emirate’s Dirham                         18/18 afgs                          
One Thousand Pakistani Rupees             616 afgs                        
One Thousand Indian Rupees               1025 afgs             
One Thousand Iranian Rupees             16/47 afgs                       
 

Monday, January 02, 2017

Kabul (BNA) Economic projects play effective role in removing unemployment a challenge that has faced the Afghan people, particularly the youth with many difficulties.
A number of youth and families are concerned over such a situation and ask the government to address their problems. Likewise, calling the role of economic projects vital in curbing joblessness, a number of economic experts told that if the government wants to step up in regard with utilizing projects and reconstruction of factories in the country, there is no doubt that the move will decrease the rate of unemployment. And economic expert, Massoud said, ‘there is no doubt that the economic projects is the only option that can tackle the unemployment problem.’ He believes that this problem will not be completely solved in many years, but it can be decreased somehow. He added that by establishing legal economic centers, we can rescue the country’s economy. Furthermore, through a five-year-plan on the fields of generating energy and water, gas, chemical industries, irrigation and agricultural centers, transport and telecommunication networks, the country’s economic problems will be decreased, he went on to say. Azrakhsh Hafezi, another expert said, ‘principally, the economic projects will not only lead the country toward development, but will also tackle the unemployment challenge in a country.’ He also believes that proper extraction of mines estimated to have been worth three trillion dollars can considerably decrease the unemployment rate in the country.
He added that if factories are established, and high quality domestic productions with low prices are supplied to bazaar, there is no doubt that the country will face economic growth and the unemployment challenge will be figured out. The unemployment rate has recently reached its peak, resulting a huge number of people to leave the country for abroad. According to Central Statistic Organization (CSO), the unemployment figure for 2015 was only 25 percent. Insecurity, lack of job opportunities and a downturn of industries are the main factors behind growing unemployment in the country. In many cases, those who had jobs are now unemployed and at the same time no new job were created. Recent scientific research findings suggest that unemployment can affect as individual’s psychological well-being and it can leave tremendously powerful scars on a person’s psyche. Unemployment can leave some individuals with feelings of worthlessness, lack of motivation, feelings of embarrassment, greater level of anxiety, hopelessness and increased levels of stress. Therefore, the government of Afghanistan should pay serious heed in this regard and provide the youth with job opportunities.
Shukria Kohistani
 

Monday, January 02, 2017
Kabul (BNA) Chaired by President of the Islamic Republic of Afghanistan, Mohammad Ashraf Ghani, the National Procurements Commission (NPC) held meeting, in which 20 contracts costing 12.5 billion Afghanis have been approved, his office said in a statement the other day.
The endorsed contracts included design, transmitting, installation and activation of power substation in Surubi district, project on transmitting of power from Aqina to Andkhoy and Sheberghan and activation of distributive power network in Logar province, said the statement quoting a gathering of the commission members on Sunday evening. Road building projects have also been among the contracts approved by the meeting including construction of third phase of Eshkamish district of Takhar province, construction of first part of Mehtarlam road in eastern Laghman province and other similar projects in Logar, Nimroz, as well as creation of information center for Shaheed Ustad Rabbani University, provision of 360 equipment needed by the general directorate of the Presidential Administrative Affairs etc., said the statement. The commission returned the technical studies projects related to the Water Dams in Panjshir province, Chal district of Takhar province and Badghis in the southwestern for further investigation, according to the statement. The meeting also discussed some related issues like technical problems related to the budget and social affairs of some projects, particularly related to the hospitals and blood banks, the statement added. The meeting tasked the Breshna Shirkat (the main power supply company in Kabul) and the ministry of public works to make sure about the accuracy of the documents of the key companies won the contracts in the next meeting.

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