26 May 2017

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Economic

Saturday, May 20, 2017

JEDDAH/KABUL: Eklil Hakimi, Minister of Finance participated in Islamic Development Bank (IDB) annual meeting in Jeddah, a statement from the Ministry said on Friday.
On the Sideline of IDB annual meeting, Minister Hakimi met Dr. Bandar Al Hajjar, governor of IDB and discussed on IDB engagement in Afghanistan, Proposal of 18 new projects including Andkhoy-Aqina Railway, Kabul Ring Road, and Agriculture projects for returnees, Construction of schools and hospital, housing and some other important subjects. The technical team of this bank was due to come to Kabul to study the feasibility for further engagement, the statement added. According to another report, Minister Hakimi during his visit from Saudi Arabia, met with Foreign Minister Adel Al-jubeir, and discussed a range of issues including the peace process, bilateral relations and projects funded by Saudi Arabia. Minister Hakimi thanked Saudi Arabia for its continued support with Afghanistan, the statement concluded.
 

Saturday May 20, 2017

Kabul (BNA) President Mohammad Ashraf Ghani on Thursday traveled to central Bamyan province and inaugurated construction work of Yakawalang-Dara-e-Sauf Road, a presidential statement said.
President Ghani, Second Vice President Sarwar Danish, Chinese Ambassador to Afghanistan and other government officials inaugurated the $204.9 million road project.
Welcoming the president and accompanied delegation, Bamyan governor Mohammad Tahir Zahir said Bamyan people was supporting the government’s programs, adding inauguration of the Yakawlang-Dar-e-Sauf project has further boosts people’s trust on government.
“Mass participation of the people in today’s event reveal their support of you and the government,” Bamyan governor told the president.
Meanwhile Mahmood Baligh Minister of Public Works said the project was submitted to a Chinese construction firm by the Afghan government earlier in the month of January, adding the contract was submitted to the Chinese firm after it completed all the stand norms and conditions for the project by offering the lowest price of $213.8 million.
He added the project was expected to be completed over a period of three and half years with the financial support of the Asian Development Bank. He said the road was 178 kilometer long, nine meters wide and would have eight bridges, 196 culverts and 5,950 meters of retaining walls.
Congratulating the inauguration of the project to Bamyan people, the second vice president Mohammad Sarwar Danesh said government has implemented major projects, including that of the central provinces.
Pointing to inauguration of Bamyan hospital and calling it unique in the country, VP Danesh said implementation of major development projects in central provinces were due to government, in particular the President’s kind attention. 
According to VP Danesh Bamyan has been connected through air and road with the capital Kabul, adding inauguration of Yakawlang-Dar-e-Sauf project to link central provinces with north and south ones.
VP Danesh went on saying 220 KW energy project to be started for the central provinces, adding several other projects in different fields of education, health, agriculture and consultation were on hand to be implemented.
Pointing to Bamyan’s Touristic attractions, the second vice president asked the local officials to spare no efforts in preservation of the historical sites.
Meanwhile, the president termed the project as vital and said people in every corner of the country were happy over its launch.
“For Afghanistan’s economic development, we have given a priority to infrastructure projects and I am very happy to see this project is kicked off as it will connect the country’s north with the south,” the president said.
Calling the project a national one and related to all people of Afghanistan, the president said the project fulfills one of the dreams of Shaheed of national unity, Ustad Mazari.
“All the previous governments have remained in depth for the central provinces. We have just paid the first depth and would pay the other ones through implementation of other major projects. Our aim is to serve the nation,” the President noted. Pointing to Chinese Construction Company, the president said the company has implemented major projects in China and Afghan government has its commitment for successful implementation of the project.
It is worth to mention that the contract for the 178-kilometer road was signed between the Public Works Ministry and a Chinese construction company CRBC in December last year.
 

Wednesday, May 17, 2017
Tuesday, May 16, 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                                            68/15 afgs                           
One Pound Sterling                              87/40 afgs                         
One Euro                                              75/40afgs                        
One Emirate’s Dirham                         18/55 afgs                          
One Thousand Pakistani Rupees          638afgs                        
One Thousand Indian Rupees               1040 afgs             
One Thousand Iranian Rupees              17/95 afgs                       
Yarzada

Wednesday, May 17, 2017

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah inaugurated the 3rd domestic productions’ exhibition in Herat on Tuesday, Bakhtar News Agency (BNA) reported.
According to the agency, during the opening ceremony, Herat governor, Mohammad Asef Rahimi said in the exhibition that 80 stalls of domestic productions put into display. The provincial governor added that necessary attention has been paid to Herat by the government over the last two years and we have noticeably witnessed presence of investors and private sector in the province as well, the agency added.
In the ceremony, head of industrialists’ union, Hamidullah Khadim, two lawmakers Farhad Majidi and Nazir Ahmad Hanafi and a provincial council’s member, Ghulam Habib asked the government to support the private sector and decrease the customs tariff, BNA continued.
Expressing glad on his trip to Herat, Chief Executive Dr. Abdullah Abdullah asked the investors to further invest in Herat to fulfill the people and other provincial in-charges’ demands.
 

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