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Gov’t Revenue Increases By 14 Percent Compared to Last Year: MoF

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(Last Updated On: October 24, 2022)

The Ministry of Finance (MoF) on Sunday said that the government revenue has reached 173 billion Afghanis in the current solar year which shows an increase of 14 percent compared to last year.

Addressing a press conference on the outcomes of the Geneva Conference on Afghanistan, Shamruz Masjidi, Spokesman of the Finance Ministry said that the summit was helpful for Afghanistan where the European Union has pledged of providing the war-torn country with a financial package of 474 million euros ($535 million).

He said more than €311 million if the aid package will be allocated to support the government in pursuing its reform agenda, €80 million to improve the health and nutrition of the population, €15.5 million to support the coming elections and €37 million to reinforce EU assistance to Afghanistan in addressing migration and forced displacement challenges.

Separately, the official said that the government revenue has increased by 14 percent in the current year compared to last year.

“The national revenue has reached to 173 billion Afghanis in 1397 solar year which shows an increase of 14 percent compared to last year,” Shamruz said, adding that last year the government was 152 billion Afghans.

Some economic analysts, however, said that revenues were being mostly gained through government taxes, adding that the situation has caused the price of foodstuff to get raise in the markets and challenge the manufacturing factories in the county.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(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.

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Afghanistan starts exporting via railway to Turkey

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(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.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(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.

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