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5 Year Financial Management Draft Policy Made: Presidential Palace

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(Last Updated On: October 24, 2022)

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Officials in Afghanistan Presidential palace have made the 5 year draft policy on financial management, saying the following policy will avoid wasting the budget and taxation, and it will be also shared with the World donors in Brussels summit on October 2016.

President Mohammad Ashraf Ghani said,” Reformation within the Governmental departments is a must, and every single manager is responsible for implementing the following policy in their working scopes, providing services and consumption routes should managed, the following process to get rid of any corruption and meet the World requirement began two years ago.”

Meanwhile officials in Ministry of Finance have stated that practical steps have been taken to avoid wasting money within the Governmental departments.

He further mentioned that Afghan Government is trying to in place one sophisticated system to be accountable for all consumption of the Governmental department as transparent.

“Efforts are underway to avoid wasting money, there should be an accountable system, and the World community aids should move the Afghanistan economy forward President Mohammad Ashraf Ghani said,”

Officials in Ministry of Finance have stated that having the following policy will enable Afghan officials to spend their funds in the right direction.

“There are two objectives, in the first step the following policy will direct every single consumer to spend their fund in proper way, and also it will also forecast the economic growth of Afghanistan incoming years Minister of Finance Iklil Hakimi said,”

Governmental officials have insisted that after the implementation of the following 5 year policy on financial management the Afghanistan treasury will be managed by one system.

Reported by Rafi Sediqee

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Acting commerce minister heads to Russia to attend Kazan Forum

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(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.

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Afghanistan can become important industrial center in region: Hanafi

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(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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