Business
MoF Warns Custom, Income Departments to Collect Targeted Interests
Afghanistan Minister of Finance Iklil Ahmad Hakimi has warned the custom and income departments to meet the targeted goals to boost incomes in coming three months in the future, otherwise they will have to leave their positions.
Mr. Hakimi said,” in the first two quarters of the current year about 7 billion Afghani decreased, which is not acceptable for me.”
“Efforts are underway to increase the internal incomes to be sufficient for all expenditures of the Government and to step up for being self-sufficient Minister of Finance Iklil Ahmad Hakimi said.”
He has also mentioned that collecting incomes from the related departments of customs and incomes are the key towards being self-sufficient, saying the following departments couldn’t meet the targeted goals to increase incomes for the Government.
Addressing the issue Minister of Finance said,” you all couldn’t meet the targeted object now we are lack of 7 billion Afghani within the budget which is not acceptable for me, if anyone has neglected on the aspect he/she should be capable to meet the target otherwise there will be no jobs for them within the departments.”
Head of the Andkhoy custom department Fazullah Fazil said,” due to insecurity the income has decreased even up to 55 % this year, he claimed that the insecurity didn’t impact on our custom department but also it affected Northern income department.”
Head of the Farah custom department Ajar Khan Zaheer said,” We weren’t expecting increasing of incomes within our department comparing to last year.”
Despite of such disaster within the Finance system in Afghanistan, experts have always claimed the existence of huge corruptions in custom departments.
Officials in Ministry of Finance claimed programs to combat corruptions are underway.
Reported by: Aslam Ijab
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
Business
Afghanistan reaches self-sufficiency in production of 133 items: MoIC
The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.
The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.
The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.
“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.
Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.
The chamber officials stressed expanding the culture of using domestic products in government projects.
“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.
Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.
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