22 June 2018

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Economic

Wednesday, April 04, 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                                               69//55 Afs                           
One Pound Sterling                                 97       Afs                                              
One Euro                                                85/10 Afs                           
One Emirate’s Dirham                           18/85 Afs                           
One Thousand Pakistani Rupees              598 Afs                           
One Thousand Indian Rupees                1060  Afs                                         
One Thousand Iranian Rupees              13/80 Afs                           
Yarzada

Wednesday, April 04, 2018

Kabul (BNA) Presided over by President Mohammad Ashraf Ghani, the High Economic Council’s (HEC) session was held yesterday to discuss Afghanistan national exports strategy, plan on creating national big tax-payers office and plan for investment of Rawan Motors’ Company. In the session held at Chahar Chenar Palace of Arg, first Afghanistan national exports strategy delivered by ministry of commerce and industries was discussed. Pointing to importance of exports of Afghanistan home products, President Ghani said that figures and problems of exports should be clarified and change in balance was important.
The country’s President while stressing on reviewing challenges facing exports asked the private sector to prepare a comprehensive analysis for Afghanistan exports.
After overall discussions, the high economic council meeting approved the respective strategy and stressed that work should be done on the strategy’s mechanism. President Ghani added that further coordination should be made between relevant ministries.
The meeting decided that a session should be held under the chairmanship of chief executive for implementation of the respective mechanism so principle ways were sought in this regard.
Afghanistan national exports strategy includes breeding production section and flexibility of private sector for high-quality products, providing employment and investment facility, increasing support in markets and strengthening capacity and maintaining peace through economic development. In second part of the session, creating plan of big tax-payers office delivered by ministry of finance was discussed and approved after discussion. High Economic Council also discussed investment plan of Rawan Motors Company delivered by representative of the company to the session. After overall discussion, the meeting decided that further analysis should be done in this regard and the plan should be followed so that clear suggestions should be provided for decision-making.
 

Tuesday, April 3, 2018

Kabul (BNA) Chaired by Chief Executive Dr. Abdullah Abdullah, council of ministers economic committee held session at the Sapidar Palace on Monday, CE office said in a statement.
At the outset, minister of economy Mostafa Mastour briefed the session about the system on poverty eradication, adding the new system is better than the last one and can help the government in different fields, the statement added.
CE Abdullah said the system was confirmable, but considering ongoing situation of Afghanistan, it should be thoroughly assessed, the statement went on to say.
Execution of the system would help the government consider sustainable development, he added.
He instructed the relevant organizations to provide a report about poverty, insecurity and other related issues and present it to his office.
According to agenda, the meeting discussed sustainable development and final packages. Deputy Minister of economy said the package was sent to other ministries to have their views in this regard.
CE principally approved the specifications.
CE asked that sustainable development should be taken serious and the ministries should share their views and suggestions in the respect with the economy ministry by today, then it would be changeable.
The problems of Gul-e-Mursal Factory were also discussed in the meeting.
CE instructed all administrations to collect their trash papers and send them to the factory, and asked the security officials to solve the factory’s security issue.
The minister of economy also briefed the session about terminated economic infrastructural projects. CE tasked the ministries not to violate in implementation of the projects and complete them on their due time.
 

Tuesday, April 03, 2018

Kabul (BNA) The executive committee for development of private sector with Chief Executive Dr. Abdullah Abdullah on the chair held session here yesterday to seek ways for prioritizing of economic indexes and solving of problems before private sector.
Addressing the session, Dr. Abdullah said there were eye-catching growth of private sector and small entrepreneurships as well as production and imports, adding more works needed to improve and accelerate the process.
Dr. Abdullah instructed the officials to pay serious attentions to boosting of imports and exports as well as growth of domestic production and ways to ease transportation of goods.
Pointing to security concerns, the Chief Executive also emphasized on prevention of time elapsing during security check of the importing and exporting goods.
Meanwhile Minister of Commerce and Industries briefed the session on achievements, challenges and progress of the Executive Committee on development of private sector, adding 10 documents were prepared to ease the process of export and import of goods.
The minister said the documents were included, acceleration of the security check process of goods, technical standard, custom license, license of entrepreneurship and transit were prepared in consultation with traders.
World Bank representative to Kabul praised Chief Executive’s support of the private sector, saying the process would take time and require joint efforts.
Dr. Abdullah promised to do more to solve the problems before the private sector and would discuss the issues in separate meetings. He also said would pay attention to the problems in Council of Ministers meeting too.
The Chief Executive also instructed the Ministry of Commerce and Industries to present the problems in Council of Ministers meeting, so that to be discussed in detail.
 

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