Business
Pending of 2016 budget in WJ creates problems: Officials
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
Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.
Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.
“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.
Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.
Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.
Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.
This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.
Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.
The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.
Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.
For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.
The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.
The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.
Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.
According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.
In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.
Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.
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