Connect with us

Business

Budget of 1396 Fiscal Year Finalized: Hakimi

Published

on

(Last Updated On: October 24, 2022)

1Officials in Ministry of Finance have stated that the budget for the fiscal year of 1396 has been finalized and soon it will be sent to National assembly of Afghanistan for further approval, saying considering the high level of financial aids of the International community given to Afghanistan at Brussels summit no financial issues would occur incoming year.

Meanwhile Minister of Finance expressed his concerns over poor management and not consuming the budget allocated for the year of 1395.

Minister of Finance Iklil Hakimi who was invited by the upper house members to provide more details over receiving the International community financial aids for Afghanistan said,” Draft budget for the 1396 fiscal year has been finalized, and soon it will be sent to Afghanistan National Assembly for further approval, our demand from the International community was to dump all the financial aids to Afghanistan accounts where most of the our desire was granted.”

Minister of Finance Iklil Hakimi has expressed his concerns over the Ministries who failed to consume the budget of 1395, necessary measurements will be adopted about the Ministries.

“Details of not spending the budget for fiscal year of 1395 should be discussed, President with the consultation of the National Assembly of Afghanistan will decide about those Ministers who have failed to consume the allocated budget Minister of Finance told to senators.”

We have few months to end the year of 1395 and begin the fiscal year of 1396 but most of the Ministries have spent their allocated development projects less than 40 percent, this has created a new barrier for reaching the promotion and development in the country.

Reported by Rafi Sediqee

Advertisement

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

on

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Continue Reading

Business

Afghanistan starts exporting via railway to Turkey

Published

on

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Continue Reading

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

on

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!