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
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.
Business
Azizi meets with head of Tatarstan on sidelines of Kazan Forum
The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.
According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.
The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.
This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.
The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.
Business
Afghanistan’s imports and exports totaled $10.3 billion last year
The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.
According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.
Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.
Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.
Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.
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