Connect with us

Latest News

7 % increase in revenue collection projected for new financial year

Published

on

(Last Updated On: October 25, 2022)

AWAIAD   _15_05_2015_DARI_SOT.avi_snapshot_00.38_[2015.05.15_16.56.01]

With Afghanistan’s national revenue generating lagging, Afghanistan is continuing to rely on foreign donors for the years to come. During last year’s presidential elections, the country astute financial challenge as it had huge budget deficit at a difficult juncture of time.

The ministry of finance (MoF) says to collect 38 billion Afghanis revenue since the beginning of the financial year.

According to officials in the ministry of finance, the figure shows seven percent increase compared to the same period in the last year.

Spokesman of the finance ministry, Abdul Qadir Jilani said that a computerized system of taxation is currently activates to prevent corruption in the customs and traders can pay their taxes through internet.

“The activation of computerized system, hiring professionals staffs are the priorities of the new leadership,” Jilani said.

The aim for the current financial year has been anticipated 120.4 billion Afghanis.

According to officials in the ministry of finance, now foreign investors are eager to invest in mining and construction sectors.

A sharp fall in international funding will create enormous challenges for the government of Afghanistan. This is a real scenario particularly if Afghanistan fails to development viable sources of national income in the coming years.

The economy of Afghanistan has improved significantly since 2002 due to the infusion of billions of dollars in international assistance and investments, as well as remittances from Afghan experts.

Afghanistan’s relation with its major financial allies is key for the future financial and economic stability.

As part of the Kabul-Washington bilateral strategic agreement, the US has committed to continue supporting Afghanistan’s security sector and its development for the next decade.

However, the relations between Kabul and Washington has seen ups and downs during recent years of former president Hamid Karzai’s ruling as he refused to sign a security agreement with the US.

It risked a robust relationship between the two countries which is vital for survival of Afghanistan against the hardheaded insurgency. In addition to seeking investments from regional countries, Afghanistan needs to develop robust relations with its key international backers such as the United States and the European Union.

 

 

Advertisement

Latest News

Tripartite trade meeting held in Kabul to boost regional connectivity

Published

on

(Last Updated On: April 26, 2024)

A tripartite meeting between the delegations of Afghanistan, Turkmenistan and Kazakhstan was held in Kabul with the aim of connecting North Asia to South Asia and reducing transit and transportation costs among these three countries, the Ministry of Trade and Commerce said in a statement.

In this meeting, an agreement was reached on the creation of a joint technical committee to continue the talks.

This tripartite meeting was held under the leadership of Nooruddin Azizi, the Acting Minister of Industry and Commerce, Vice President of Turkmenistan and Srik Zhumangarin, the Deputy Prime Minister of Kazakhstan.

Earlier, a bilateral meeting was held between the delegation of the Islamic Emirate and Turkmenistan. The ministry of commerce said the participants of the meeting discussed the construction of a large joint logistics center in Torghondi, the trilateral transit agreement between the IEA, Turkmenistan, and Kazakhstan, the expansion of Afghanistan’s railway, solving issues related to Afghan transit and export goods, and a number of other commercial issues.

Continue Reading

Latest News

No destructive groups including Daesh present in Afghanistan: Yaqub Mujahid

Published

on

(Last Updated On: April 26, 2024)

Acting Minister of National Defense Mohammad Yaqub Mujahid has said that no destructive groups including Daesh have physical presence in Afghanistan, adding the Islamic Emirate of Afghanistan (IEA) will not allow anyone to pose threat to any country in the region from the Afghan soil.

Mujahid made the remarks in a meeting with a delegation from Malaysia in Kabul on Thursday.

According to a statement released by the Ministry of Defense, Mujahid highlighted Malaysia’s “good treatment” of Afghan refugees and its long-standing relations with Afghanistan, and said that Malaysia is a powerful Islamic country and visits should increase.

He added that with the establishment of the Islamic Emirate, occupation and war ended in Afghanistan, and the country is fully secure.

Based on the statement, the Malaysian delegation called Afghanistan a friendly country and while emphasizing on comprehensive cooperation, it assured that what they have seen in Afghanistan will be shared with the authorities of their country.

Continue Reading

Latest News

EU allocates 17 million euros to support Afghans on the move

Published

on

(Last Updated On: April 26, 2024)

The European Union signed an agreement worth 17 million euros with the International Organization for Migration (IOM) to improve access to basic services, increased economic opportunities and protection for Afghans on the move and their host communities in Afghanistan.

The needs of women and girls are a particular focus of the programme, EU said in a statement released on Thursday.

The statement noted that from January 2023 until April 2024, over 1.5 million Afghans returned from Pakistan and Iran.

“I am deeply moved by the hardship returnees face when being deported to Afghanistan. In a country suffering from poverty and climate change, and in a city that just saw devastating earthquakes, this truly is a crisis within a crisis.”, said Peteris Ustubs, Director for the Middle East, Asia and Pacific of the European Commission’s Department for International Partnerships during the signing ceremony at the IOM transit centre in Herat.

Raffaella Iodice, EU Chargée d’Affaires a.i. to Afghanistan, added “The solidarity of the Afghan people towards their brothers and sisters is an inspiration. We must assure that communities hosting and helping new arrivals are supported. The partnership with IOM ensures access to essential services and provides protection for Afghan returnees and their host communities. As women and girls can be particularly affected, we make sure that all members of society can benefit”.

“IOM’s continued partnership with the EU has been critical in enabling our teams to reach hundreds of thousands of Afghan returnees and other vulnerable communities in the country”, said IOM Afghanistan Chief of Mission, Maria Moita. “Thanks to this renewed commitment, we will be able to focus on addressing the immense challenges in the areas of return and contribute to reintegration, social cohesion, and longer-term solutions for those communities.”

This additional contribution is part of a 5-year programme that is being implemented across Afghanistan and in four countries in the region. It builds on the EU’s previous support to IOM to improve the wellbeing of Afghans forced to return to the country, EU said.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!