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Draft Budget of 1396 Submitted to Upper House for Approval: MPs

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(Last Updated On: October 24, 2022)

hakimyMembers of the lower house of the parliament stated the draft of budget of the 1396 was submitted to the upper house for further approval on Tuesday.

Minister of Finance Iklil Hakimi urged the draft budget of 1396 has been prepared based on the development programs where most of the budget will be spent on improving of the infrastructure of the Afghanistan.

He has demanded the Upper house of the parliament to review the budget in coming two weeks, and send it back to the lower house for further processing.

Officials in Ministry of Finance said the amount of budget for 1396 is 466 billion Afghani, where 287 billion Afghani is common budget and 178 billion of the budget has been allocated for development programs, the main priority in the draft has been given to security and infrastructure which indicates 36 percent for security and 21 percent for infrastructure.

Minister of Finance Iklil Hakimi said, “The budget for 1396 contains development programs which includes growing of the economy, raising the capacity of Ministerial departments on consumption of the budget, commitments of the Afghan Government against International community, Afghan National development framework.”

Further he insisted that the major part of the budget has been allocated for Infrastructure 94 billion Afghani, Agriculture 26 billion Afghani, Rural Development 20 billion Afghani, and for Education and Health 15,5 billion Afghani.

It’s mentionable that 117 new big, mid and small projects were included in our National Plan for upcoming year, even some of the projects are new in the budget of 1396.

Mr. Hamiki urged that despite of the commitments made, the consumption of the budget problem still remains and it has affected the National budget of the country.

Earlier members at the lower house of the parliament had criticized the Ministers who failed to spend 70 percent of the allocated development budget for the year of 1395, soon will be summoned .

Reported by: Ahmad Farshad Saleh

 

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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