23 February 2017

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Economic

Sunday, February 19, 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                           67/50afgs                                  
One Pound Sterling              83/50 afgs                              
One Euro                               71/50 afgs                                   
One Emirate’s Dirham          18/40 afgs                              
One Thousand Pakistani Rupees 625afgs       
One Thousand Indian Rupees     1025 afgs               
One Thousand Iranian Rupees   17/50 afgs                         

Saturday, February 18, 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: Buying One Dollar 67/35 afgs One Pound Sterling 83/50 afgs One Euro 71/30 afgs One Emirate’s Dirham 18/32 afgs One Thousand Pakistani Rupees 624 afgs One Thousand Indian Rupees 1055 afgs One Thousand Iranian Rupees 17/90 afgs

Saturday, February 18, 2017

Kabul (BNA) A branch of the International Chamber of Commerce (ICC) officially opened in Kabul on Thursday, Bakther News Agency (BNA) reported.
According to the agency, attended by some government officials, representatives f relevant organizations, foreign countries’ ambassadors, international organizations’ representatives, industrialists’ unions and national traders, the opening ceremony was held at the foreign ministry. During the opening ceremony, ICC Chairman said the aim of inaugurating this office was to attract foreign investments and cohesion of the private sector, the agency added. “We want to provide fields for foreign investment with the cooperation of Afghan government and Afghanistan Chamber of Commerce and industrial associations,” said Mayel Aqa Khairkhah, chairman of ICC, BNA added.
Meanwhile, Chief Executive, Dr. Abdullah Abdullah called the beginning of the activities of the International Chamber of Commerce in Kabul vital, adding it will pave the way for drawing foreign investment in the country and will reinforces the ties between the private sectors of Afghanistan and the regional as well as international companies around the globe, the agency continued. In the meeting, the participants also spoke about paving the way for employment opportunities and offering good services for the Afghan people in different walks of life, the agency added. Furthermore, France ambassador to Kabul, ministers of economy, commerce and industries, political deputy of foreign affairs ministry and some other officials spoke in the meeting.
 

Thursday February 16, 2017

Kabul (BNA) As the winter arrives, the fuel prices touch the sky a move that is seriously concerning and problematic to Kabul citizens.
It is usual that prices trend upward when the demand increases while the supply remains the same; or vice versa, the supply decreases while the demand remains the same. Complaining on the situation, the Kabul residents told that they have always witnessed such a situation, particularly in winter and unfortunately, the government has not ever paid heed in this regard. However, a considerable increase per kilo gram gas, just within a span of one week is a point of concern for public. Blaming the government over the ongoing challenges, A Khair Khana resident, Ferdous told that if the government and other related entities don’t pave the ground for merchants, they cannot supply gas to market with high price. Mina, a Khoshhal Khan inhabitant said, ‘many families have lost their breadwinners due to domestic wars and explosions and they don’t have good income.’
“I am a widow and cannot afford to buy gas with high price,” She added. She asked the government to control prices in the market or the people will face many problems. She added that the traders should observe justice and do not stock the liquid gas and other foodstuffs, because there is no room for doing such actions in holy religion of Islam.   Even though, the ministry of commerce and industries has kept the price of liquid gas price unchanged in Kabul markets, currently, the price of a kg gas is 50 afg—an amount which is high to afford by many families. According to parliament’s economic commission report, the ministry of commerce and industries has said that fuel prices increase would be temporary and the ministry has sufficient stocks to prevent such actions. This is while that the ministry of commerce and industries has somehow kept the prices down in the capital Kabul and the people hope the prices decrease more. Based on the ministry, there are almost 25 government shops for selling gas in some parts of the Kabul with lower price. But the people ask the ministry to increase the number of these shops. In fact, the rate of unemployment is on the rise and the economic activity has significantly slowed down severely affecting the economic circumstances of the country.
Shukria Kohistani
 

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