Business
Parliament approves amended Coronavirus budget
The Lower House of the Afghan parliament approved on Wednesday the extra budget for the Coronavirus crisis in the country.
The lawmakers, however, had rejected the budget but the government resent the draft to the House after bringing some minor changes in it.
The Finance and Budget Commission of the parliament says the national budget was 428 billion AFN, but the government has added another 21 billion AFN.
“In the first amend draft 428.380 billion AFN included all the budget. But the budget raised to 449 billion AFN of which 30 billion is allocated to contain the coronavirus, “Abdul Rauf Anami, a member of the commission said.
Meanwhile, joint parliamentary commissions rejected the government’s amended draft to increase operative funds and transfer funds from many development projects to the Coronavirus budget.
“In areas where additional money was offered, we rejected it, for example, a 1.7 billion AFN for operational units, transferring three hundred and fifty million AFN to the provinces,” said Mir Afghan Safi, head of the Finance and Budget Commission. “It was difficult to monitor, and all the commissions have accepted the amendment of the parliament and it is an agreement.”
Finally, the House of Representatives put the budget document to fight the coronavirus on a vote by adding the amendments of the commissions of the House.
Mir Rahman Rahmani, Speaker of the House of Representatives, said: “The government’s proposed amendments to fight the coronavirus and the accidental amendments of the commissions are to be put on vote… It is approved with a majority of for votes and five against votes.”
However, members of the House of Representatives emphasize that they will closely monitor how the budget would be utilized to fight the coronavirus, as any corruption in this regard could lead to people’s death.
Business
Turkmenistan makes ‘significant progress’ on TAPI pipeline project
Turkmenistan has made “significant progress” on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov.
“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which will supply 33 billion cubic meters to South Asia annually,” he said.
Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Amanov highlighted that Turkmenistan’s section of the pipeline had been completed and ongoing discussions to advance the project beyond Turkmenistan were in strict alignment with the international standards.
He said the project envisaged environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.
“In light of the ongoing project developments, Turkmenistan remains committed to upholding the international law, fulfilling its obligations and adhering to international norms and regulations,” he said.
This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.
Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety, he said.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
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.
Business
Afghanistan starts exporting via railway to Turkey
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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