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IEA says ground paved for the implementation of major economic projects in Afghanistan

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(Last Updated On: November 25, 2022)

The Islamic Emirate of Afghanistan (IEA) says all grounds have been paved for the implementation of huge economic projects in the country.

The Islamic Emirate officials have recently said that they are taking steps to start big economic and regional projects in the country.

According to them, the government is fully prepared to implement all major economic projects, including the transfer of 500 KV power lines, TAPI, and CASA-1000 projects that lead to regional connectivity.

The IEA spokesman Zabihullah Mujahid has emphasized that measures have been taken to implement these projects and to establish a railway between Central and South Asia.

“The Islamic Emirate has taken all the necessary preparations for the completion of these projects, including 500 KV power lines, TAPI and CASA-1000 projects,” said Mujahid.

“In terms of security, the number of employees and duties related to the government, the preparations have been made complete,” he added.

According to Mujahid, the government is waiting for the countries involved in these projects to show full readiness.

Meanwhile, the members of the private sector also call on the Islamic Emirate to increase its efforts to implement large economic projects, adding that the process of supporting these projects can get the country out of the economic crisis.

Economic experts meanwhile still consider regional economic projects as necessary to improve the country’s economy and demand serious attention from the government in this sector.

In the past years, the lack of security was said to be one of the biggest challenges to the implementation of immense economic projects in Afghanistan, but after the Islamic Emirate’s takeover, the problem has been resolved.

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IEA’s Ministry of Finance: The recent report of SIGAR is far from the truth

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(Last Updated On: February 6, 2023)

The Ministry of Finance of the Islamic Emirate of Afghanistan (IEA) considered the recent report of “SIGAR” about companies and institutions in Afghanistan to be far from the truth and rejected it.

In the announcement that was published by this ministry on Sunday (5th January), it is stated: “The Office of the Special Inspector General of the United States of America for Afghanistan “SIGAR” has claimed in its quarterly report to the US Congress that the Islamic Emirate of Afghanistan, receives money from those organizations and institutions that work in the field of humanitarian aid; under the license fee, tax and administrative fees, which provide a large part of Afghanistan’s revenue The Ministry of Finance of the Islamic Emirate of Afghanistan considers the said report to be far from the truth and rejects it separately.”

“The Ministry of Finance has exempted those organizations and institutions that are active in the field of humanitarian aid, No money is received from them, and no administrative expenses are imposed on them.” Read the ministry statement.

The Ministry of Finance has also added that in all the country’s customs, the customs tariff of the goods imported by these organizations and institutions has reached zero, and the goods of the mentioned institutions enter the country without tax.

According to this ministry, only license fee is taken from foreign organizations and institutions, which is a small amount and has a legal framework and is balanced with other countries and has no effect on Afghanistan’s national income.

The Ministry of Finance has assured that the organs of the Islamic Emirate, including the Ministry of Finance, provide administrative, financial and security facilities for the organizations and institutions that operate in the field of humanitarian aid and are committed to all their promises in this field and in the distribution and sending of humanitarian aid they are partners with them.

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Flour mill opens in Herat province

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(Last Updated On: February 5, 2023)

The Ministry of Industry and Commerce says that a new flour mill has opened and is now operational in Herat province.

Afghan Industry and Commerce Minister Nooruddin Azizi, inaugurated the flour mill, which is privately owned, on Saturday in the presence of an accompanying delegation.

According to the ministry, Azizi thanked the business owner for investing in the mill, which was built in Phase 1 of Herat Industrial Park at a cost of $1.2 million.

The flour mill will be able to produce 180 tons of flour per day, and has provided employment for more than 700 people.

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Afghanistan, Pakistan sign draft convention to avoid double taxation

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(Last Updated On: February 4, 2023)

Afghanistan and Pakistan have signed a draft convention to avoid double taxation between the two countries.

The convention was signed after three-day talks concluded in Islamabad on Friday, Pakistan’s Federal Board of Revenue said in an announcement.

The Afghan delegation was headed by Revenue Legal Services Director Nida Muhammad Seddiqi while FBR’s International Tax Operations DG Sajidullah Siddiqui headed the Pakistani delegation.

The sides thoroughly deliberated over all the outstanding issues identified during the second round of negotiations held in Islamabad from 27th-30th December, 2021.

FBR Chairman Asim Ahmad thanked the Afghan delegation for visiting Pakistan and expressed optimism that the convention will further strengthen economic relations between the two countries.

Pakistan’s special envoy for Afghanistan welcomed the move as “another important step forward.”

“It took us some 12 years to cross this milestone. Investors, contractors and businesses on both sides will benefit significantly,” Mohammad Sadiq said on Twitter.

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