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62 Percent of Development Budget Consumed: MoRRD

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(Last Updated On: September 20, 2016)

2Officials in Ministry of Rural Rehabilitation and Development (MoRRD) said 62 percent our development budget has been consumed so far and soon $ 33,3 million dollar would be added on the development budget of the Ministry to launch various projects, in the recent act the following Ministry has signed 28 projects with cost of 1 billion Afghani with different companies to do the work in 15 provinces.

Ministry of Rural Rehabilitation and Development is in the second position of the Ministries list which has consumed most of its development budget by launching different projects across the country.

Minister of Rural Rehabilitation and Development Naseer Ahmad Durani said,” We have consumed 62 percent of our development project, the current budget is $ 245,7 and soon $ 33,3 million dollar would added in the development budget which will level up the budget close to $ 280 million.”

28 development projects were signed between the Ministry and private companies.

“We have signed 28 development projects with the cost of 926, 1000000 million Afghani which will include construction of roads, residential houses in Refugees Town and irrigation system Minister of Rural Rehabilitation and Development Naseer Ahmad Durani said.”

Due to huge part of the projects will be implemented in Baghlan province, representative of Baghlan insisted on the clear implementation of projects.

Mp Obaidullah Ramin said,” We demand both sides to implement the projects based on the standards and officials within the Ministry to have close eye and supervision from the quality of work which will done by the contractors.”

It’s mentionable that Ministry of Rural Rehabilitation and Development has been launching 10785 projects across the country with the costing of $ 292 million on Transportation, irrigation, drinkable water, health, education, electricity in 34 provinces of Afghanistan.

Reported by Ali Asghari

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Unprecedented growth in watermelon harvest – Farah

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(Last Updated On: June 2, 2020)

This year, more than 789,000 tons of watermelon will be harvested in Farah province.

The Ministry of Agriculture and Livestock said that the figure is up 6 percent compared to that of last year.

Officials at the Ministry of Agriculture and Livestock say that this year’s watermelon harvest in Farah province will be 789,400 metric tons. According to the officials, about 19,000 hectares of land have been cultivated  for watermelon in Farah province this year.

Meanwhile, a number of farmers in Farah province are worried about the lack of markets for the watermelon products.

They say that if there is no market, their products will be wasted.

This comes as a number of farmers in the province say that if the government doesn’t support the marketing of watermelon products in this province, their products will be destroyed this year.

Officials in the Chamber of Commerce and Investment have criticized the government, saying that the Ministry of Commerce should have previously marketed domestic products.

According to them, the government’s negligence will discourage farmers from producing crops.

They say South Asian countries are the best market for watermelon, but claim that Pakistan has blocked the export of the product to a number of countries.

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Da Afghanistan Bank sees increase in gross reserves

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(Last Updated On: June 1, 2020)

The gross domestic product (GDP) of the central bank of Afghanistan, Da Afghanistan Bank, has reached more than $9 billion for the first time.

Officials at the bank said that although the global aid to Afghanistan has declined, they have succeeded to increase the bank’s reserves.

Economists also underline that the central bank’s efforts will lure global funds.

The bank’s authority has stated that they have, for the first time, been able to increase the GDP to over $9 billion.

According to them, last year about AFN22 billion was deposited in the government reserves through investments in foreign financial institutions.

Although the Coronavirus pandemic has devalued Afghan currency against the dollar, the authority is pushing for effective programs to keep the value of the currency afloat, they said.

Welcoming the strengthening of the gross reserves of DAB, experts say that the central bank’s efforts would attract global funds for good.

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Afghanistan to transit trade via Pakistan’s Gwadar port

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(Last Updated On: May 30, 2020)

The Afghanistan–Pakistan Transit Trade Agreement (APTTA) enables Afghanistan to transit trade through Pakistan’s Gwadar port under the OPTA agreement.

The Ministry of Industry and Commerce says that Afghanistan is trying to improve its economic relations with all neighboring countries and the region, pointing at the Pakistani port of Gwadar as the closest and cheapest transit route for Afghanistan’s trade.

In the meantime, the Pakistani Prime Minister’s senior advisor of economy, Abdul Razzaq Daud, has said that trade with Afghanistan is set to begin through the Gwadar port, starting with 16,000 tons of fertilizer to be shipped to Afghanistan.

In addition, the Afghanistan Chamber of Commerce and Investment considers the Gwadar port as less expensive than any others; however, it criticizes that the neighboring countries are not honest enough in their economic relations with Afghanistan.

On the other hand, experts point out that if Pakistan complies with international economic and transit laws, Afghan traders will be able to import and export goods via Gwadar port at lower costs.

This comes as economic relations between Afghanistan and Pakistan have been often strained due to political tensions, and the country has severally closed its ports to Afghan traders.

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