22 July 2018

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Economic

Tuesday, July 17, 2018

Herat (BNA) 16 irrigational canals were put into exploitation in Pashtonzarghon District, Herat province.
The irrigational canals have been constructed with cooperation of Islamic Development Bank (IDB) at the cost of nearly 23 million Afghanis.
Local in charge of Herat told BNA, the canals will be irrigated 765 hectares of lands.
It is mentionable that the work of the irrigational canals started on July 2017.
T. Yarzada
 

Tuesday, July 17, 2018

Kabul (BNA) The National Procurement Commission (NPC) with President Mohammad Ashraf Ghani on the chair held meeting here on Sunday evening and reviewed 11 contracts worth one billion Afghanis, a presidential statement said yesterday.
The meeting reviewed bids for the three-big projects worth 3,204 million Afghanis that included, contract for procurement of electrical equipment related to electricity of Sayed Abad district, Maidan Wardak’s province, procurement of 30 livelihood items related to logistic directorate of the Ministry of Interior and procurement of 3 kind of mini batteries related to technical and weaponry directorate of Ministry of National Defense, the statement added.
Meanwhile the meeting approved amendments to some already signed contracts, including contract of constructing surrounding wall in 5000 acres of land related to Balkh Custom Department, contract of national survey related to vegetal diseases, contract of renting 25 k9 machinery for 101 Asmayee zone and 2 kind of diary items related to Ministry of National Defense.
The meeting rejected De Afghanistan Brishna Sherkat’s (Afghanistan’s Electricity Utility Company) offer of miscellaneous a construction related items for further evaluation.
The presidential statement quoted President Ghani, saying those in charge of the projects should follow all the required procurement processes as well as overseeing mechanism for transparency in the process and avoid delay in implementation of the projects.
Besides NPC officials, observers from SIGAR, Integrity Watch Afghanistan, Wolesi Jirga’s Budget and Economic Commission, Parliamentary Anti-Corruption Caucus (PACC) and NATO’s RS mission were present at the meeting.
 

Tuesday, July 17, 2018

Kabul (BNA) Chaired by President Mohammad Ashraf Ghani, the High Economic Council (HEC) held meeting on Monday, the presidential palace said in a statement.
The meeting exchanged view on bidding process of Badakhshan gold and Balkhab coper mines, discussions’ report on Shaida copper mine in Herat province and the results of Gross Domestic Products (GD)) of 1396 solar year, according to the statement.
At the outset, briefing the session about bidding process of Badakhshan gold and Balkhab copper mines, acting director of legal services for the ministry of mines and petroleum Waliullah Zadran said that Afghan Gold Minerals Company has won the development, extraction and utilization contract of Badakhshan gold and copper mines.
He added but due to some reasons such as change in the government system, enforcing new law on mines and lack of technical and legal capacity as well as interest’ contradiction within the ministry, the contract has not been inked with the mentioned company, the statement went on to say.
The president said the government would never accept interest’s contradiction, adding investment is not a fundamental problem in this contract, but letter of credit, the statement continued.
He pointed out that the participants have jointly decided that a workgroup led by Ajmal Ahmadi with the membership of ministries of mines and economy to be created to clarify the issue and set a deadline to the company to present its necessary documents and letters of credit.
The president added that the workgroup should present its findings to HEC within two weeks.
Afterward, Zadran presented the report of discussions already done with Winner Company of Shaida copper mine, saying talks are underway to take necessary measures in the respect.
The president said the royalty regime existed in the past had not been logic, as in the new law, this issue has been clarified and there would be no problem in the respect anymore.
On ensuring security of the projects, the president said the government was obliged to ensure the project’s security, but recruiting security firms is not in the interest of the country.
Therefore, to maintain the projects’ security, public protection entity should be reestablished, the president said.
At the end, a Central Statistics Office (CSO in charge briefed the session about the results of GDP in 1396.
Talking about the administration’s problems to collect the figures, he added last year’s GDP had reached to 20.2 billion of Afghani, a figure which is higher than 1395’s in which the services sector had played key role in this regard.
Expressing glad over increase in national GDP, the president said our exports were more than what the figures indicated.  He instructed the HEC members to seriously cooperate with CSO in sharing the figures. Adding the deputy ministers should attend the meetings being held by CSO.
The president also instructed the relevant organs to provide all kinds of facilities to CSO so it creates a figures collection system, because it is a key issue in making policy.
 

Monday, July 16, 2018
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:                                                                     
One Dollar                                               72/50 Afs                           
One Pound Sterling                                 95  Afs                           
One Euro                                                84/40 Afs                           
One Emirate’s Dirham                           19/65 Afs                           
One Thousand Pakistani Rupees          578 Afs                           
One Thousand Indian Rupees                1060 Afs                                         
One Thousand Iranian Rupees              9/20 Afs                           
Yarzada

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