Business
MoRRD signs 74 projects with councils development offices
Officials in Ministry of rural rehabilitation and development MoRRD have signed 74 projects with the cost of 229,00000 Afghani with councils development on Saturday.
The following contracts were signed by the officials in Ministry of rural rehabilitation and development for the regional integration program with provincial council developmental, where the financial aids are paid by the Asian development bank.
Minister of rural rehabilitation and development Naseer Ahmad Durani said,” from the 74 projects 67 projects its financial aids are paid by the Asian development bank the other projects are supported from the Government budgets, the following projects will create thousand jobs opportunities.”
Head of the councils for Qargha-Paghman Malik Fazel Gul said,” having no retaining walls have caused those residential areas, most of the cases seasonal rains and heavy floods have destroyed the normal life of the residents in order to obtain the further destructions we need retaining walls to be built.”
Minister of rural rehabilitation development budget was 389 $ million where 272, 3 $ million has been spent that means the following Ministry has spent more than half of its development budgets for the year of 2015.
Reported by Nabila Hafizi
Business
Siberian oil and gas businessmen meet with Delawar for talks
Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.
According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.
In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.
Business
Supreme leader approves budget for 1403 solar year
The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”
This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.
As with the previous year, the budget has been drawn up exclusively using domestic revenues.
The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.
All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.
No further details were given.
Business
Acting commerce minister meets Russian deputy PM
Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.
Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.
According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.
They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.
Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.
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