Business
NUG Fails on Fighting Corruption, Spending Budget: Experts
Scores of political experts have stated the National Unity Government has failed to fight corruption significantly, saying the Afghan leaders would attend Brussels conference empty handed, amid officials in Presidential palace have confessed that corruption still remains as big barrier rooted in all over the Governmental departments.
Meanwhile officials in Ministry of Finance have also mentioned that the Ministries only could spend their 30 percent of the allocated development budgets during 9 months of the fiscal year.
One of the two key per conditions of the International community in London and Tokyo conferences for the continuation of the aids for Afghan Government were combating corruption and spending of the development budgets by the Governmental departments of Afghanistan, during the two years despite of dozen different cases were trailed, but few cases of corruption were reviewed.
President senior advisor in corruption affairs Sardar Mohammad Roshan said,” corruption has rooted deep in all the Governmental departments of Afghanistan, but the National council combating corruption office will not leave one corruption case without reviewing.”
The total amount of the common and development budgets for the Afghanistan Governmental departments allocated 455,5 billion Afghani where 293 billion Afghani goes to common budget and 162 billion goes to development budget for the current fiscal year, however Afghan Government had promised to the International community to have the allocated development budget up to 60 percent by coming the Brussels conference, this indicates that the Government has failed to do so.
Meanwhile Ministry of Finance Spokesman Ajmal Hamid Abdul Rahimzai said,” We have allocated 55 percent of the development budget and in general only 30 percent of the development budget has been consumed.”
Political experts believed that the National Unity Government of Afghanistan has not only failed to fight corruption but it could only spend the 30 percent of the development budget by 9 months, these two issue will discourage the International community to stop their financial aids for Afghanistan in Brussels conference.
Political expert Rahmatullah Bezhanpor said,” huge number of educated persons are jobless whereas that the Ministers in Governmental departments to spend their allocated budgets, this indicates their poor capability and weak points.”
World will witness the Brussels conference in 5th of Oct 2016 and the International community will once again announce their continuation of the aids to Afghanistan.
Reported by Ahmad Farshad Saleh
An unnamed Afghan businessman is reportedly ready to invest up to $12 million in iron ore mining in Panjshir province, the provincial governor’s spokesman Saifuddin Laton said Sunday.
According to Laton, the businessman has shown interest in investing between $3 and $12 million to mine an area covering 22 square kilometers in Paryan district in Panjshir.
Laton said the contract for this project has been approved by the Economic Directorate of the Prime Minister’s Office of the Islamic Emirate of Afghanistan (IEA).
In addition to extraction, the businessman will also carry out the processing and packaging of the iron ore within the province to create greater added value.
Laton said that in the first phase, the company will launch an exploratory program of the reserves over six months, during which around 500 jobs will be created.
After completing this phase, formal extraction work will begin, he said.
Afghanistan possesses substantial iron ore reserves, estimated at 2.2 billion tonnes, making it a top 10 country for extractable iron.
The largest deposit, Hajigak, is located in Bamiyan province, and contains an estimated 1.7 billion tonnes of high-grade ore.
Sadri Azam Osmani, Deputy Minister of Agriculture, Irrigation and Livestock, on Saturday left Kabul to participate in the 7th International Exhibition of Iran’s Export Capabilities in Tehran.
The expo will be held from April 28 to May 2. According to the organizers, between 2,000 and 3,000 foreign traders from around the world are expected to attend.
Osmani expressed hope that this trip will pave the way for the growth of trade and attract more investments to Afghanistan.
Business
Pakistan’s deputy PM discusses Trans-Afghan Railway Line project with Uzbek FM
On Thursday, in a post on X, Pakistan’s Foreign Ministry said Dar hoped that the three countries would soon sign the framework agreement for this important regional connectivity project.
Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar held a telephone conversation with the Foreign Minister of Uzbekistan, Saidov Bakhtiyor Odilovich, on Thursday to discuss the Trans-Afghan Railway Line Project.
This comes after Dar’s recent visit to Kabul, where he held talks with officials on the planned Uzbekistan-Afghanistan-Pakistan Railway Line Project.
The three neighboring countries signed an agreement in February 2021 to construct a 573-kilometer railway line through Afghanistan, connecting landlocked Central Asia to Pakistan seaports, with an estimated cost of $4.8 billion to enhance regional economic connectivity.
On Thursday, in a post on X, Pakistan’s Foreign Ministry said Dar hoped that the three countries would soon sign the framework agreement for this important regional connectivity project.
The two leaders also discussed strengthening bilateral relations, enhancing economic and trade connectivity, promoting people-to-people ties, and exchanged views on current regional and international issues.
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