Business
MoF Warns Custom, Income Departments to Collect Targeted Interests
Afghanistan Minister of Finance Iklil Ahmad Hakimi has warned the custom and income departments to meet the targeted goals to boost incomes in coming three months in the future, otherwise they will have to leave their positions.
Mr. Hakimi said,” in the first two quarters of the current year about 7 billion Afghani decreased, which is not acceptable for me.”
“Efforts are underway to increase the internal incomes to be sufficient for all expenditures of the Government and to step up for being self-sufficient Minister of Finance Iklil Ahmad Hakimi said.”
He has also mentioned that collecting incomes from the related departments of customs and incomes are the key towards being self-sufficient, saying the following departments couldn’t meet the targeted goals to increase incomes for the Government.
Addressing the issue Minister of Finance said,” you all couldn’t meet the targeted object now we are lack of 7 billion Afghani within the budget which is not acceptable for me, if anyone has neglected on the aspect he/she should be capable to meet the target otherwise there will be no jobs for them within the departments.”
Head of the Andkhoy custom department Fazullah Fazil said,” due to insecurity the income has decreased even up to 55 % this year, he claimed that the insecurity didn’t impact on our custom department but also it affected Northern income department.”
Head of the Farah custom department Ajar Khan Zaheer said,” We weren’t expecting increasing of incomes within our department comparing to last year.”
Despite of such disaster within the Finance system in Afghanistan, experts have always claimed the existence of huge corruptions in custom departments.
Officials in Ministry of Finance claimed programs to combat corruptions are underway.
Reported by: Aslam Ijab
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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