Economic Bakhtar News Agency is the official state news agency of the Afghan government, based in Kabul. The agency is a major source of news for all media in Afghanistan, gathering domestic and international news and providing information to outlets. http://www.bakhtarnews.com.af Mon, 10 Dec 2018 21:09:03 +0000 Joomla! 1.5 - Open Source Content Management en-gb Electricity, Irrigation Canal Projects Signed in Kabul http://www.bakhtarnews.com.af/eng/business/item/36031-electricity-irrigation-canal-projects-signed-in-kabul.html http://www.bakhtarnews.com.af/eng/business/item/36031-electricity-irrigation-canal-projects-signed-in-kabul.html Electricity, Irrigation Canal Projects Signed in Kabul

Monday December 10, 2018

Kabul (BNA) In presence of President Mohammad Ashraf Ghani and Chief Executive Dr. Abdullah Abdullah contracts were signed for construction of Khush Tepa water canals and electricity generating as well as transmission of electricity line from Nangarhar to Kunar and from Ghazi to Paktika province and construction of substations in Kunar and Paktika provinces, BNA reported. Contracts were signed by acting minister of finance Dr. Hamayoun Qayoumi and minister of agriculture, irrigation and livestock Nasir Ahmad Durani with US ambassador, deputy director for USAID, director of the Asian Development Bank and chairman of Breshna Shirkat. Khush Tepa irrigation and electricity generating project has 270 km length and would irrigate 500 thousand of acres of land. Ministries of energy and water and agriculture, irrigation and livestock as well as the national environment protection agency would have shares in the project. The Nangarhar electricity transmission line to Kunar and construction of a substation would be completed within two years and would benefit 26 thousand of families in these provinces. The projects would cost 60 million USD and would be financed by Asian Development Bank. Meanwhile, the electricity transmission line from Ghazni to Paktika and construction of substation in Paktika would cost 60 million USD and would be also financed by the Asian Development Bank, the project would be completed in two years and would benefit 30 thousand of families.
 

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Economic Mon, 10 Dec 2018 07:08:00 +0000
‘Delegation to Visit Turkmenistan to Address Afghan Traders’ Problems’ http://www.bakhtarnews.com.af/eng/business/item/36014-‘delegation-to-visit-turkmenistan-to-address-afghan-traders’-problems’.html http://www.bakhtarnews.com.af/eng/business/item/36014-‘delegation-to-visit-turkmenistan-to-address-afghan-traders’-problems’.html ‘Delegation to Visit Turkmenistan to Address Afghan Traders’ Problems’

Sunday, December 09, 2018

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah met yesterday with a number of national traders and relevant officials to discuss problems of Afghan traders.
In the meeting, Afghan traders importing gas were complaining that they are facing with double treatment in the country’s port, saying that their gas tankers have been stopped in the country’s ports for the pretext of being low-quality.  They asserted that traders have purchased gas from Turkmenistan and the company sending gas to Afghanistan has this time sent low-quality gas, therefore, their tankers have been stopped, asking for addressing the problems through legal channel.
After hearing problems of Afghan traders, the country’s chief executive said that any kind of double treatment with national traders was unacceptable and the issue would be addressed after overall reviews.
Chief executive instructed relevant organs to dispatch a delegation to Turkmenistan as soon as possible to address the problems.
 

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Economic Sun, 09 Dec 2018 08:21:56 +0000
Honey Production Increased in Nangarhar http://www.bakhtarnews.com.af/eng/business/item/36009-honey-production-increased-in-nangarhar.html http://www.bakhtarnews.com.af/eng/business/item/36009-honey-production-increased-in-nangarhar.html Honey Production Increased in Nangarhar

Saturday, December 08, 2018

Jalalabad (BNA) Honey production has increased in Nangarhar province.
According to statistics last year, Nangarhar produced at least 200 tons of honey.
The honey has been produced in 300 farms in Nangarhar province.
Honey of Nangarhar province is famous for its high quality and excellent test in Afghanistan.
This product of Nangarhar sells every year in the country.
Each kilogram of honey in Nangarhar is up to 1200 Afghanis.
Mohammad Hazrat holder of the bee farm in Nangarhar expressed his satisfaction from production and increasing of honey in that province.
Shah Wali Khan Head of beekeepers in Nangarhar told BNA, increasing of beekeeping halls in Nangarhar province has increased honey production.
He also said that if the government support beekeepers in establishing artificial forests and the use of plain lands for beekeeping, the rate of honey production will rise further in the province.
T. Yarzada
 

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Economic Sat, 08 Dec 2018 10:45:42 +0000
China Stresses Trade Cooperation With Afghanistan http://www.bakhtarnews.com.af/eng/business/item/36005-china-stresses-trade-cooperation-with-afghanistan.html http://www.bakhtarnews.com.af/eng/business/item/36005-china-stresses-trade-cooperation-with-afghanistan.html China Stresses Trade Cooperation With Afghanistan

Saturday, December 08, 2018

Kabul (BNA) To enhance trade ties, Afghanistan and China signed an agreement the other day, the Kabul Times reported.
While signing the agreement, acting minister of commerce and industry Kamila Seddiqi said the government of Afghanistan was making effort to bolster its trade ties with China.
Our main goal is to enhance trade ties and get aware of both countries’ laws and regulations, she further said.
Furthermore, we are striving to expand Afghanistan’s economy and prepare the ground for employment, she added.
China People’s Market Arrangement State Administration Minister, Zheng Maw said Afghanistan and China has had long relations and this session was satisfactory for both countries.
He added based on this agreement, we would bolster our cooperation with Afghanistan and we are making effort for bilateral promotion.
Pointing at investments’ grounds in Afghanistan, he said the country’s economic capacities would increase by growing investments and both countries should take joint steps in this respect.
The agreement signed includes three sections of trade cooperation, small trades and industries’ progress.
He also hoped that peace would be restored in Afghanistan and China would further continue its cooperation with this county in different sections.
According to the ministry of commerce and industry, annually, Kabul and Beijing have worth $1.1 billion trade relations.
Suraya Raiszada
 

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Economic Sat, 08 Dec 2018 06:19:29 +0000
Asphalting Work of 12 Km Road Begun in Kunduz http://www.bakhtarnews.com.af/eng/business/item/35997-asphalting-work-of-12-km-road-begun-in-kunduz.html http://www.bakhtarnews.com.af/eng/business/item/35997-asphalting-work-of-12-km-road-begun-in-kunduz.html Asphalting Work of 12 Km Road Begun in Kunduz

Saturday December 8, 2018

Kunduz City (BNA) Asphalting work of 12 km road has started in Imam Sahib district, northern Kunduz province.
Mahbobullah Sayidi district governor of Imam Sahib during the inauguration ceremony of the road spoke about good governance, ensuring security, development, education and environmental problems of the district.
Mohammad Rahim Rahmati director of public work department in Kunduz during the ceremony told, the road will be asphalted with a sum of 600 million Afghani within the next 18 months.
Abdul Jabar Naimai governor of Kunduz demanded from people of the province to support any kind of development projects and pay attention in reconstruction and progress of the province.
M.A.Ansari
 

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Economic Sat, 08 Dec 2018 05:54:19 +0000
Cost of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/35991-cost-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/35991-cost-of-afghan-currency-against-foreign-currencies.html Cost of Afghan Currency Against Foreign Currencies

Wednesday, December 05, 2018

Kabul (BNA) Based on Union of money exchangers in Sari Shahzada, Kabul city, the exchange rate of Afghani as a follow:
                                                                           
One Dollar                                                              75/75        Afs
One Pound Sterling                                            96       Afs
One Euro                                                            85/70       Afs
One Emirate’s Dirham                                       20/55       Afs
One Thousand Pakistani Rupees                           548       Afs
One Thousand Indian Rupees                              1060       Afs
One Thousand Iranian Rupees                            06/70       Afs
Yarzada
 

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Economic Wed, 05 Dec 2018 10:20:37 +0000
NPC Approves 44 Contracts worth $157 Million http://www.bakhtarnews.com.af/eng/business/item/35987-npc-approves-44-contracts-worth-$157-million.html http://www.bakhtarnews.com.af/eng/business/item/35987-npc-approves-44-contracts-worth-$157-million.html NPC Approves 44 Contracts worth $157 Million

Wednesday December 5, 2018

Kabul (BNA) The 172nd meeting of the National Procurement Commission (NPC) presided by H.E Mohammad Ashraf Ghani; the President of Islamic Republic of Afghanistan was held on Monday evening, December 3rd, 2018 at the Presidential Palace. According to BNA report, in this meeting 45 procurement related issues were reviewed which resulted in approval of 44 procurement subjects worth 157 Million USD which include the following:  The contract of 5 MW solar power project in Ghor province; related to Ministry of Energy and Water;  The contract for construction of Pol-e- Pacha (Pacha bridge) located in 16th district of Kabul; related to Kabul municipality;  The contract for road construction and asphalt pavement with 2.7 Km long and its ditches (13 Phase), from Badam Bagh road to Tahya Maskan square towards Traffic square; related to Kabul Municipality;  The contract for construction of pole Shina (Shena Bridge) located in 16th district of Kabul; related to the Kabul Municipality;  The contract for procurement of 13 types of cereal required by zone No.303 of Spin Ghar of police forces including public protection and special forces; related to the Ministry of Interior;  The contract for procurement of food and fuel required by Deputy of Public Protection; related to the Ministry of Interior;  The contract for provision of anti-Rabies, Tetanus, Albumin Globulin serum; required for control of rabies and zoonosis disease; related to the Ministry of Public Health;  The contract of maintenance, equipment and device repair and training of head quarter`s personnel of central and 8th provincial zone hospitals; related to the Police Health Service General Directorate of Ministry of Interior;  The contract for construction of 20 check points; required by Asmayee zone No.101 of Kabul Province;  The contract for provision of maintenance services of international airports in Herat and Kandahar; related to the Afghanistan Civil Aviation Authority;  The contract for construction of water supply network of Khost province; related to the Afghanistan Urban Water Supply and Sewerage Corporation;  The contract for provision of 200 MB internet for central offices of Ministry of Agriculture, Irrigation and Livestock;  The contract for provision of transformers, concrete and metallic pillars; wire and cables and miscellaneous equipment; required by the Afghanistan Brekhna Shirkat (DABS);  The contract for reconstruction of the road from Greshk to Nowzad district of Helmand province with 15 Km long, Second Lot; related to the Ministry of Public Works;  The Contract for the excavation of two wells, located in Yatim Taq gas locality of Shabarghan; related to the Ministry of Mines and Petroleum;  10 requests for approval of the contracts for construction of 17 hostels in 10 provinces, the contract for the construction of 27 gymnasium and conference hall in 27 provinces, the contract for the construction of 36 mosques and funeral praying hall in 34 provinces, the contract for construction of 102 Waiting halls in 34 provinces and the contract for the rehabilitation of ancient stocks of Herat Province; related to the General Directorate of the Operations and Financial Support of Administrative Office of the President; which approved in principle and the mentioned directorate tasked to present a report on the capability of Banaee Construction Enterprise to NPC. During the discussion on the 5 MW of solar power project in Ghor province; H.E Mohammad Ashraf Ghani; the President of Islamic Republic of Afghanistan stated that the people of this province have a dire need to be provided the electricity and directed the Ministry of Energy and Water to negotiate with the proposed bidder to accelerate the completion of this project. Moreover; the request for termination of the road contract of Du Aab to Mandol project first part of second Lot of Nuristan Province; related to the Ministry of Public Works; approved and the Ministry was obliged to submit an alternative proposal and report it to the NPC. In addition; the request for the termination of the contract of the procurement proceedings for Toti Maidan block of Faryab province (Gas of Amu Sea) and the request for reprocess of the procurement proceedings of the project, the request for the termination of the contract for two types of wood, and request for termination of the contract for provision of 7 types of equipment; required by military units and corps No.207 of Zaffar; related to Ministry of Defense also approved by NPC. Meanwhile; after discussion and review; the request for amendment in the following projects were approved by NPC as follows:  The contract (Increase in Cost) of second phase of the project for provision of the oxygen; required for the health facilities of Ministry of Public Health;  Two contract (Time Extension) of the Zenda Jan project of Ghurian district in Herat province with 30 Km long in first Lot and 27.5 Km in second Lot, related to the Ministry of Public Works;  The contract (Time Extension) of the project for reconstruction and rehabilitation of the Pakhtoon Zarghon road of Herat province with 44.3 Km long; related to the Ministry of Public Works;  The contract (Time Extension) of the construction and rehabilitation of the road of Pochava valley of Dara district in Panjshir province with asphalt pavement and 3.7 Km long; related the Ministry of Public Works;  The contract (Time Extension) of management, operations and maintenance of Hairatan-Mazar-e-Sharif`s rail ways project; related to the Afghanistan Railway Authority (ARA). According to the agenda; the follow up report on implementation of the previous NPC instructive decisions was discussed which were approved by NPC members, as the following projects:  The contract for provision of 9 types of bathing accessories; required by central and regional military corps and entities of Afghanistan National Army;  The contract for construction of an 8 Km asphalt road at Argoon district of Paktika Province; related to Ministry of Rural Rehabilitation and Development;  The contract for provision of different types of engine oil required by sites and land transportation section of 6th zones of Afghan Telecom Company 3rd lot, for 1397 fiscal year;  The contract for creation of irrigation associations and capacity building in Takhar and Kunduz provinces; related to the Ministry of Agriculture, Irrigation and Livestock;  The contract for provision of two types of wood; required by Deputy of Public Protection of Ministry of Interior;  The contract on provision of food items; related to the Ministry of Defense; However; the request for amendment of the project (Time Extension) for installation of hydroelectric power plant machine of Poza Lich in Ghor province related to the Ministry of Energy and Water due to disqualification of proposed bidder was rejected and the Ministry directed to propose an alternative to NPC in this respect. The Directorate of the Operations and Financial and Administrative Support of Administrative Office of the President; presented the request for guidance on strengthening of the financial and technical infrastructure of the Banayee Construction Company, which in principle till provision of report on the mentioned enterprise approved by NPC. The Ministry of Defense requested on clarity regarding the NPC previous decision on the contract for provision of medicines, medical accessories and laboratory reagents; which NPC directed the National Procurement Authority (NPA) to review the case; in coordination with health directorate of Ministry of Defense and take the proper action for provision of needed reagents. The Ministry of Energy and Water`s proposal regarding the request for guidance on a BDO company which does not have sufficient experience in irrigation projects was approved and the respected Ministry directed to submit an alternative plan to NPC. The Afghanistan Railway Authority presented the request on guidance for the next phase of the contract for survey, design, and extension in construction of the railway station with 10 Km long at Aqina railway station to NPC for its review and the Ministry of Finance instructed to allocate necessary budget for the mentioned project. In this meeting; beside the NPC members, the officials of National Procurement Authority, the national and international observers including the Finance, Budget and National Economy Commissions of the Parliament had also participated.
 

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Economic Wed, 05 Dec 2018 06:32:30 +0000
Agriculture Projects Completed in Parwan http://www.bakhtarnews.com.af/eng/business/item/35969-agriculture-projects-completed-in-parwan.html http://www.bakhtarnews.com.af/eng/business/item/35969-agriculture-projects-completed-in-parwan.html Agriculture Projects Completed in Parwan

Tuesday, December 04, 2018

Charikar (BNA) The construction works of 4 agricultural projects have been completed and put into exploitation in central Parwan province.
According to BNA report, Abdul Wahab Khalilzad director of agriculture, irrigation and livestock department in Parwan said, the agricultural projects has been built with a sum of $350,000 funded by ministry of agriculture, irrigation and livestock in the province.
The projects include two machineries centers for production of modified seeds, reconstruction of Tutumdara water canal and construction of milk collection center for livestock.
Fazluddin Ayar governor of Parwan expressed that the projects is very important for people and demanded from companies to keen attention in keeping and maintaining machineries of the companies.
Representing other a farmer said, by implementing and using of the projects agricultural products will be increased in Parwan province.
 

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Economic Tue, 04 Dec 2018 06:42:47 +0000
Islamic Finance In Afghanistan Growing, But Investment Options Are Limited: Report http://www.bakhtarnews.com.af/eng/business/item/35953-islamic-finance-in-afghanistan-growing-but-investment-options-are-limited-report.html http://www.bakhtarnews.com.af/eng/business/item/35953-islamic-finance-in-afghanistan-growing-but-investment-options-are-limited-report.html

Tuesday December 4, 2018

Kabul (BNA) ISLAMIC banking in Afghanistan has nearly tripled its holdings since 2014, but is constrained by uneven profitability, limited investment options and few financing tools, the Islamic Financial Services Board (IFSB) said.
Afghanistan's banking sector is small, but Islamic finance is regarded as a feature that could help attract more people to the formal economy in a country where only 15 per cent of adults have a bank account.
The country is now home to a full-fledged Islamic bank and six Islamic windows in conventional banks.
They held a combined 27.8 billion Afghani (S$500 million) at the end of the second quarter of this year, versus 9.7 billion Afghani at the end of 2014, data compiled by the IFSB showed.
The country's central bank granted its first Islamic banking licence in April to the Islamic Bank of Afghanistan, after it converted its operations from a conventional banking license.
Islamic windows grew their assets by 8.95 per cent year-on-year as of the end of the second quarter, but profitability has remained uneven and most have large amounts of idle cash because there are few compliant investments available, the report noted.
The bulk of Islamic financing in the country is offered via only two types of syariah-compliant structures, a cost-plus-profit arrangement known as murabaha and a leasing-based contract known as ijara.
The Malaysia-based IFSB, one of the main standard-setting bodies in Islamic finance, published the data on Afghanistan as part of its quarterly reporting on the industry.
Afghanistan's central bank introduced Islamic banking regulations in 2015 and is working on additional rules covering accounting and pro-duct development.
Reuters
 

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Economic Tue, 04 Dec 2018 06:21:28 +0000
Export and Cultivation of Saffron Increased in the Country http://www.bakhtarnews.com.af/eng/business/item/35931-export-and-cultivation-of-saffron-increased-in-the-country.html http://www.bakhtarnews.com.af/eng/business/item/35931-export-and-cultivation-of-saffron-increased-in-the-country.html Export and Cultivation of Saffron Increased in the Country

Sunday, December 02, 2018

Herat (BNA) Export of Saffron has increased significantly with the opening of air corridors to Saudi Arabia and India.
According to BNA correspondent, officials of Herat chamber of commerce and industries said that over the last few weeks five tons of saffron have been exported to Saudi Arabia.
On the other hand the head of the ministry of agriculture and livestock said that beside Herat, central provinces also planted saffron this year.
He said that this year saffron harvest has reached to 13 tons, while last year it reached to 10 tons.
An official at the Chamber of Commerce and Industry said exports of Saffron continues to Araba and Indian countries.
He said they are working to promote the cultivation and production of saffron in the country, and so help the peasants.
T. Yarzada
 

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Economic Sun, 02 Dec 2018 10:49:06 +0000