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Ring Road Connects Faryab-Badghiz-Herat Failed to be asphalted

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(Last Updated On: December 17, 2014)

PicThe High way ring road which connects Faryab, Baghiz to Herat Provinces has already lost $ 200 million directly and indirectly.

Acting Minister of Finance said,” the following loss has been made due to poor management, in Ministry of public works.”

However the former Minister of public works Najeebullah Ozhan believed that the contract for the following project doesn’t meet our standards and the construction company who has been ready to accomplish the ring road construction was a thief.

Still the acting Minister of the public works has refused the following claims made.

The ring road from Qaisair district of Faryab all the way to Laman area of Herat Province lengths 233 kilo meter with the cost of $397 million supported by the Asian Development Bank its contract has been signed with joint US-Turkey construction companies (EMJV) and the project was supposed to be accomplished within 4 years by now.

This ring road is counted as one of the high way roads in Afghanistan which connects three provinces Faryab- Badghiz to Heart.

Former Minister of Public works Najeebullah Ozhan said,” the (EMJV) construction company after about one year has left the construction of the road and escaped from Afghanistan, the following company has received $107 million in advance which cashed out $12 million from its Bank account and left the country.

EMJV Company has had second hand construction companies do the rest 10% of its responsibility with the less amount of money.

Officials in Ministry of finance claimed that we have reminded the officials in Ministry of public works for such huge loss of $200 million coming from the construction phase of the ring road.

Former Minister of Public Works has rejected the claimed said,”the following construction company has come to Afghanistan to loot money related to the case the officials in Asian Development bank are involved in taking bribes.

Among those robbers, the third company named Oil International who had the responsibility of monitoring has received $30 million and deputy protection of public has gained $50million, and the second hand construction companies has spent $25 on the road construction and yet they receive their money.

Head of the road construction company Shawali said,” we have told to the deputy of the Ministry of Public works NoorGul Mangal that the EMJV responsible willing to flee from the country, he didn’t listen to our voice.”

 Acting Minister of Public works Mangal though doesn’t provide clear reasons why the company left the country still speaks out about the challenges which the construction company used to tackle with, the main reason to leave the country has not been clear whether they have been frightened to death or.”

 There are some documents existed that the EMJV owed several Afghan construction companies for their construction work, even this issue has been taken to the court once in awhile .

Based on the court documents the officials for the construction company (EMJV) were not permitted to leave Afghanistan but due to some mediators from Afghan Government they flee from the country.

 Former Minister of Public Work Najeebullah Ozhan has said,” I have asked the EMJV and Asian development Bank Officials for the termination of the contract.

Officials in Ministry of Finance rejected his claim saying the EMJV has asked for termination of the contract because Ministry of public works doesn’t follow the condition of the contract.

This comes after that Afghanistan has been awarded as the fourth corrupted countries in the world.

 

 

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Musk says Twitter deal could move ahead with ‘bot’ info

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(Last Updated On: August 6, 2022)

Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people, AP reported Saturday. 

The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media company, leading Twitter to sue him last month to complete the acquisition. Musk countersued, accusing Twitter of misleading his team about the true size of its user base and other problems he said amounted to fraud and breach of contract.

Both sides are headed toward an October trial in a Delaware court.

“If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms,” Musk tweeted early Saturday. “However, if it turns out that their SEC filings are materially false, then it should not.”

Twitter declined comment Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission an estimate that fewer than 5% of user accounts are fake or spam, with a disclaimer that it could be higher. Musk waived his right to further due diligence when he signed the April merger agreement.

Twitter has argued in court that Musk is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests. In a court filing Thursday, it describes his counterclaims as an imagined story “contradicted by the evidence and common sense.”

“Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations,” company attorneys wrote.

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Fresh fruits exports from Afghanistan increase this year: ACCI

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(Last Updated On: August 5, 2022)

Afghanistan Chamber of Commerce & Investment (ACCI) said Friday that fresh fruits exports have increased from the country abroad.

According to ACCI, the export of fresh fruits have increased significantly compared to previous years, and most of these fruits are exported to Pakistan, India and some other neighboring countries of Afghanistan.

ACCI members have added that if the export process continues in the same way, gardeners and traders can export fresh seasonal fruits regularly.

According to the members of this chamber, Pakistan has recently provided more facilities for Afghanistan’s exports.

However, producers and exporters of fresh fruit in the country said that compared to last year, melon products have decreased by 50 percent, adding that there is little consideration for the expenses and efforts of farmers for the price at which their products are sold, and there is a need for better marketing for their products.

Meanwhile, traders said that due to recent droughts and natural disasters, the harvest of fresh fruit has decreased.

On the other hand, the decrease in the price of Pakistani currency has caused traders to face many problems in trading goods with this country.

Economic experts said that the government should find different markets for the country’s fresh fruit exports.

According to them, in order to prevent the spoilage of farmers’ and gardeners’ products, cold storages should be set up in the country.

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HRW urges governments, IEA to reach agreement on banking issues

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(Last Updated On: August 5, 2022)

Afghanistan’s humanitarian crisis cannot be effectively addressed unless the United States and other governments ease restrictions on the country’s banking sector to facilitate legitimate economic activity and humanitarian aid,” Human Rights Watch said in a statement on Thursday.

It said that the US air strike killing the al-Qaeda leader Ayman al-Zawahri should not derail ongoing discussions between the US and Afghanistan to urgently reach an agreement allowing ordinary Afghans to engage in legitimate commercial activity.

“Afghanistan’s intensifying hunger and health crisis is urgent and at its root a banking crisis,” said John Sifton, Asia advocacy director at Human Rights Watch. “Regardless of the Taliban’s (IEA) status or credibility with outside governments, international economic restrictions are still driving the country’s catastrophe and hurting the Afghan people.”

Despite actions by the US and others to license banking transactions with Afghan entities, Afghanistan’s central bank remains unable to access its foreign currency reserves or process or receive most international transactions. As a result, the country continues to suffer from a major liquidity crisis and lack of banknotes, HRW noted.

Businesses, humanitarian groups, and private banks continue to report extensive restrictions on their operational capacities. At the same time, because outside donors have severely cut funding to support Afghanistan health, education, and other essential sectors, millions of Afghans have lost their incomes, according to HRW.

Overall, more than 90 percent of Afghans have been suffering from some form of food insecurity since last August, skipping meals or whole days of eating and engaging in extreme coping mechanisms to pay for food, including sending children to work, HRW said.

“Importers are struggling to pay for goods, humanitarian groups are facing problems with basic operations, and the Afghan diaspora can’t send enough money to their relatives and friends,” Sifton said. “Millions of hungry Afghans are experiencing the abysmal reality of seeing food at the market but being unable to purchase it.”

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