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Pending of 2016 budget in WJ creates problems: Officials

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(Last Updated On: October 25, 2022)

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Officials in Ministry of Finance have warned the lower house of the parliament for not working on the draft budget of 2016 fiscal year, Afghanistan will face serious problems in implementing different projects in the country in the year of 1395.

They have once again insisted that the budget has been prepared based on the potentials for the year of 2016, if the 80 % of budget is consumed, it will boost 6% economy in the entire country.

Draft of budget for the year of 1395 has been pending in the lower house of the parliament, it should soon be finalized and let the further processing to be taken place.

Head of the general budgeting department Zai Rahman Halimi said,” if the draft to be rejected by the members of the parliament, it will slow down the implementation of projects within the country.”

According to statement of officials usually 80% of our budget is supported by the International countries, the main challenge for the implementation of the projects in Afghanistan will be insecurity which is big concern of the officials in Ministry of Finance.

Minister of Finance spokesman Hameed Abdul Rahimzai said,” each province, districts, and villages of Afghanistan is important,the budget for the upcoming year has been made based on the resources.”

Based on the estimation the budget for the fiscal year of 2016 has been finalized 7 $ billion,95 % of the budget has been specialized for security, 20 % for infrastructure, 13 % for education, 7% for developing of agriculture, 6% health care .

Reported by Fawad Nasiri

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

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.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

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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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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