Business
Gov’t Failed to Spend Development Budget: Mps
Members of the lower house of the parliament have said Afghanistan Government have failed to spend its budget, accusing the Government institutions for having no capacity to spend the budget in the right direction.
Head of the lower house warned the departments who couldn’t spend its development budget lower to 40 percent, saying not spending the development budget will damage the development process in Afghanistan.
Law makers in the house have also insisted to summon those Ministers who couldn’t spend the allocated development budget lower to 80 percent with no conditioning.
We are in the 8 month of the fiscal year but scores of the Governmental departments couldn’t spend the allocated development budget.
Head of the house Abdul Rauf Ibrahimi said,” There is no capacity within the Governmental departments for spending the allocated development budgets in the right direction,since we are holding the monitoring role to review the Government performances, serious decisions and acts are underway to summon those Ministers who have failed to spend their budgets.”
“ Those Ministers who have failed to spend development budget lower than 80 percent should directly to be summoned, we need to prove for the people that we are the real representatives, and lazy Ministers should go home Mp Kamal Nasir Osoli said,”
Law maker Fakori Bashti said,” the National programs still remained uncompleted, though there are allocated budgets, a question raises that why the following projects were left un implemented, this issue should be pursued seriously.”
They have urged that the National Unity Government to create healthy system were practiced this has caused that scores of development projects to remain uncompleted.
Reported by Rafi Sediqee
Business
Azizi calls on Malaysian investors to invest in Afghanistan
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.
Business
Afghanistan starts exporting via railway to Turkey
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.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
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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