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7 % increase in revenue collection projected for new financial year

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(Last Updated On: October 25, 2022)

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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.

 

 

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ISIS-K leader reportedly living in Pakistan’s Baluchistan province

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(Last Updated On: March 28, 2024)

Sanaullah Ghaffari, also known as Shahab al-Muhajar, is reportedly the ISIS-Khorasan (Daesh) branch leader and is holed up in Pakistan, Reuters reports.

The 29-year-old took over as leader in 2020 and under his leadership the group has carried out extreme attacks as a means of recruiting, Reuters reported.

Reuters noted that little was known about Ghafari before the deadly 2021 ISIS attack on Kabul Airport, which killed 170 Afghan civilians and 13 American soldiers.

But after Friday’s deadly attack in a concert hall in Moscow, which left 139 people dead, Ghaffari’s group has come under intense scrutiny.

Reuters reports that Ghaffari is said to have been involved in several attacks in Afghanistan, Iran, Uzbekistan, Tajikistan and Pakistan.

Pakistani officials said months ago that Ghaffari had been killed in Kunar province in Afghanistan in June last year, but Reuters has reported that he did not die and instead fled to Pakistan and lives in the border province of Baluchistan.

Abdul Matin Qani, the spokesman of the Ministry of Interior of Afghanistan, says that Daesh has been suppressed in Afghanistan for more than two years and has lost its operational capacity.

The last attack carried out by Daesh in Afghanistan was the attack on the Kabul Bank office in Kandahar last week which left three dead and 12 wounded.

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IPL: Sunrisers thump MI in record breaking match

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(Last Updated On: March 28, 2024)

It was raining records at the Rajiv Gandhi International Stadium in Hyderabad on Wednesday with the hosts Sunrisers Hyderabad (SRH) clinching a 31-run victory over Mumbai Indians (MI) in Match 8 of the Tata Indian Premier League (IPL) 2024.

Sunrisers’ batting rewrote the record books on a batting belter after the posted 277 for three.

SRH now have the highest team score in the history of the IPL – beating Royal Challengers Bangalore’s (RCB) 263 for five from the 2013 season.

In reply, MI made a spirited effort, and at one stage, were contenders to do the near impossible. In the slog overs, the enormity of the target proved a bit too much, and SRH clinched victory, but not without numerous nervous moments.

To put into perspective the carnage we witnessed – Heinrich Klaasen’s 23-ball half-century was the slowest fifty of the SRH innings.

Travis Head, playing his first match for SRH, raced to the milestone in 18 balls. Abhishek Sharma got there even faster – in 16 balls – to record the quickest fifty by an SRH batter in IPL history.

While Sunrisers notched up the highest total in the 16-year history of the IPL, just as incredibly, Mumbai Indians almost paid them back with the same coin, their batters coming out with a nothing-to-lose attitude.

The sixes kept rolling off the Mumbai bats too, helping them keep up with the asking rate for most of the chase, eventually however, they ran out of steam and finished on 246 for 5, the highest IPL total in a losing cause.

As ESPNcricinfo reported, never were more runs scored in a men’s T20 match (523). Never were most sixes hit in a men’s T20 (38). At the end of the close to four-hour six-fest, only two bowlers returned with an economy rate of under ten an over.

Thursday, March 28 : Match 9

Thursday’s match at the Sawai Mansingh Stadium in Jaipur sees Rajasthan Royals go up against Delhi Capitals.

Fans in Afghanistan can tune in to Ariana Television to watch the match live from 6.30pm. Alternatively the match can be screened live on arianatelevision.com

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Magnitude 5.2 quake jolts Afghanistan

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(Last Updated On: March 28, 2024)

An earthquake measuring a magnitude of 5.2 on the Richter Scale jolted Afghanistan on Thursday afternoon, the National Center for Seismology reported.

The quake was at a depth of 70km and epicentered in the mountainous north-eastern area of Ashkāsham.

The jolt was felt across the region including in Kabul, Tajikistan, Uzbekistan, and Kyrgyzstan

There were no immediate reports of any casualties.

In October last year, over 2,000 people were killed when four 6.3-magnitude earthquakes struck in Herat province.

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