Business
Da Afghanistan Breshna Sherkat Failed to Spend Development Budget
According to the documents, Da Afghanistan Breshna Sherkat officials have failed to spend determined allocated amount of the development budget for the year of 1395, only 25percent of the budget was spent.
Kabul residents have criticized the officials in Da Afghanistan Breshna Sherkat for failing to spend the budget amid the Kabul residents are experiencing dark nights since decades.
Kabul Resident Majnoon Ahmadzai said, “Electricity comes every night after which is not acceptable for my family and I.”
“ Power comes every night after here in the capital city of Kabul on winter season, and people are not satisfied with electricity bills.” Baseer the other Kabul resident said.
Economy experts have criticized the poor capacity of the staffs in Da Afghanistan Breshna Sherkat.
Economy expert Najmuddin Asas said, “ There are huge and serious problem in the management system of the Da Afghanistan Breshna Sherkat, more attention should be drawn, initiatives should be launched, they should enlighten the house of every Afghans in this country, spending of only 25 percent of the budget is huge crisis.”
“ Da Afghanistan Breshna Sherkat cannot be safe from the following issue Poor management, having no clear policy for spending the allocated budget, complicated policy which are forced to be implemented either by the International community and the Government.” Economy Shaber Basheri said.
Kabul residents are criticizing the officials in Da Afghanistan Breshna Sherkat for not doing enough to maintain power on winter season for the residents of the capital city of Kabul.
Failing of the officials in Da Afghanistan Breshna Sherkat comes after those 1 Ministers were summoned by the lower house of the parliament for failing to consume the development budgets of the 1394 where 7 of the Ministers were dismissed.
Reported by: Aslam Hejaab
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
Business
Uzbek envoy to Pakistan discusses Trans-Afghan Railway project with Pakistani minister
The Trans-Afghan Railway project is expected to serve as a powerful stimulus for trade and economic integration among numerous countries in the region
Regional connectivity projects including the Termez-Kabul railway line, the Trans-Afghan Railway, and the multimodal Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan transport corridor, are key to the region’s success, the Ambassador of Uzbekistan to Pakistan Alisher Tukhtayev said during a meeting with Pakistan’s Defense Minister Khawaja Asif on Friday.
The two officials discussed a range of issues as well as coordinating efforts to ensure stability and deepen economic integration in the region.
Asif however pointed out that Tashkent has become an important hub for regional cooperation, Pakistani media reported Monday.
Special focus was given to the implementation of the Trans-Afghan Railway project, which is expected to serve as a powerful stimulus for trade-economic integration to numerous countries.
The ambassador said the governments of Uzbekistan, Pakistan, and Afghanistan are actively cooperating in the implementation of joint economic and infrastructure projects and one of them is the construction of the Trans-Afghan Railway.
He said the “Termez-Kabul-Peshawar” railway project plays an important role in restoring ties of regional connectivity between Central and South Asia.
He added that once the project is launched, the volume of trade will increase significantly and shipping costs will decrease.
Tukhtayev said the railway connectivity will contribute hugely to regional stability and overall prosperity by aiding Afghanistan’s economic recovery.
He also said the project will facilitate the delivery of Uzbek goods to world markets through Pakistani ports and will open up a new route for Pakistan to export its products to Central Asian, and European markets.
According to him, the Trans-Afghan railway will be able to carry up to 20 million tons of cargo per year, and transportation costs will decrease by 30-35% and timing of deliveries will be cut from two weeks to three to four days.
He also stated that the international cooperation project on the development of the multimodal transport corridor Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan–Pakistan is being actively promoted.
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Business
Pakistan’s central bank reports increase in exports to Afghanistan
Pakistan's exports to Afghanistan increased to more than $291 million in the four months between July and October this year, the State Bank of Pakistan reported.
Pakistan's exports to Afghanistan were worth about $182 million in the same period last year, according to SBP.
Pakistan's exports to seven countries in the region, including Afghanistan, have increased by about 4 percent, it said. Other countries are: China, Bangladesh, Sri Lanka, India, Nepal and Maldives.
This comes as recently, Senior Vice President of Pakistan-Afghanistan Joint Chamber of Commerce and Industry, Zia-ul-Haq Sarhadi, expressed his deep concern over drastic reduction in the bilateral trade with Afghanistan and Central Asian countries.
He said in the recent past the volume of bilateral trade between Pakistan and Afghanistan was around 2.5 billion dollars which has shrunk to mere 700 million dollars.
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