Business
Afghan parliament rejects next year’s budget
The Afghan parliament (Wolesi Jirga) on Wednesday rejected the new fiscal year’s budget due to “serious problems” which they said hinged on the disproportionate allocation of money including to emergency codes.
MPs stated the allocation of 13 billion AFN to one emergency kitty, without stipulating what the money will be spent on, and the allocation of a further two billion AFN to emergency CODE 91 and 92, where problematic.
This budget was approved by cabinet in November after adjustments were brought to the Public Finance and Expenditure Management Regulation; a draft plan of hydrocarbons regulation; draft statute of Da Afghanistan Breshna Sherkat (the Afghan power company); and the draft law on cadastre.
The cabinet also approved a request by the Ministry of Economy to approve a $3.4 million dollar aid package from USAID to fight coronavirus.
In addition, cabinet at the time approved a request by the ministries of finance and higher education to transfer $1.5 million, not spent by the counter-narcotics unit, to help fund the construction of the Helmand University.
This comes after Mir Rahman Rahmani, Speaker of the House said Tuesday the Wolesi Jirga was working on a plan to equalize civil servants’ pay “and will pursue it seriously until it is signed and implemented by the government to ensure equality,” he said.
Rahmani also instructed the Parliamentary Committee on Finance and Budget to take this into consideration in the new fiscal year’s budget.
Business
Pezeshkian pledges to facilitate Iran-Afghanistan trade
Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.
He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.
Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
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