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

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Last Updated on: October 25, 2022

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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‘Made in Afghanistan’ expo opens in Tashkent

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The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.

According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.

More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.

Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.

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Afghani strengthens nearly 10% against US dollar amid banking sector reforms

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

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Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.

Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.

Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.

Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.

They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.

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Uzbekistan delivers over 290 tons of aid to Afghanistan

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

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Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.

Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.

Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.

The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.

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