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IEA drafts budget for next fiscal year

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(Last Updated On: February 22, 2023)

The Ministry of Finance has announced that the draft budget for the fiscal year 1402, starting March 20, has been prepared and will soon be sent to the offices of the deputy prime ministers for economic and administrative affairs.

According to the ministry, there has been an increase in the budget for next year against this year, and dozens of projects have been included in the draft.

“The Economic Commission has decided to allocate funds for projects where work has progressed 50%. After analyzing and reviewing, the Ministry of Finance selected 11 projects, which were also approved by the Economic Commission. Budgets have been considered for dozens of other small and large projects as well,” said Ahmad Wali Haqmal, the spokesman of the Ministry of Finance.

Economic experts say that the government should launch development projects soon after the budget is approved, and there should be no further delay in the implementation of construction projects.

“The funds for the development budget are obtained from the projects. With projects, people’s livelihood and well-being are provided. Projects cause production and production causes economic self-sufficiency,” said Taj Mohammad Talash, an expert on economic affairs.

The Ministry of Finance says that despite the problems in boosting Afghanistan’s trade relations, they have managed to increase customs revenue to 100 billion Afghanis.

This comes as the economic situation has deteriorated in recent years. According to the United Nations, 28 million people need humanitarian aid in Afghanistan.

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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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