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Economic growth weakens sharply over last ten years
The economic growth of the country and Per capita income have declined over the last ten years, the minister of economic said.
Mapping out the first 100 days to the media outlets, the minister of economic said that more than thirty-six percent of the population now live below the poverty line.
The economics ministry noted that by coordinating the foreign aids improve the non-organized economic situation of the country.
“Most of the foreign aids in the country have been improperly spend by the Non-Governmental Organizations (NGOs),” Abdul Satar Murad, minister of economics said.
According to him, the economic growth rate of the country is shocking and the country would face an economic crisis if the government does not find economic solutions.
It has been said many times that Afghanistan is at a crossroads. This has never been truer than now. The withdrawal of most international troops by 2014 will have a profound and lasting impact on the country’s economic and development fabric.
Growth is projected to remain weak in 2014, although a smooth political and security transition would help bolster confidence and enable economic growth to pick up in 2015.
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 expatriates.
Reported by Nabila Hafizi
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More needs to be done to boost local industry, says Kabir
The deputy prime minister for policy, Mawlavi Abdul Kabir, met with Nooruddin Azizi, Acting Minister of Commerce and Industry, at Sapidar Palace on Tuesday and discussed issues around the quality of domestic products and the need to grow and develop the industrial sector.
Azizi said that good trade relations with neighboring countries has resulted in stable prices of goods in the country.
He said the Ministry of Commerce and Industry works closely with the private sector. As a result, the private sector functions in a befitting manner and the Islamic Emirate has provided necessary facilities.
Azizi said that based on the Islamic Emirate’s good economic policies, there has been a significant development in the import/export sector in the country.
Kabir in turn voiced appreciation for efforts by the leadership of the Ministry of Commerce and Industry and said: “The unprecedented efforts of the IEA’s administrations and the stability of the Afghan currency caused the price of food ingredients to remain in the right state and our people also be able to buy essential materials.”
He emphasized the need to work for a balance in trade with neighboring countries, and said more efforts were needed to improve the quality of domestic products and to grow the sector.
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Russia and Tajikistan hold joint military drills along Afghanistan border
Russia and Tajikistan conducted a joint four-day military exercise along the border with Afghanistan in order to be prepared for any “potential threats”, Tajik media reported this week.
Russian military personnel from the 201st military base in Tajikistan participated in this exercise. Reports stated military personnel practiced various combat tactics, especially tactics to counter terrorist groups that illegally enter Tajikistan.
This comes amid repeated concerns expressed by Afghanistan’s neighbors about what they claim are terrorist threats originating from Afghanistan.
The Islamic Emirate has not yet commented on the drills but has repeatedly denied the presence of terrorist groups in the country. The IEA has also continuously said no militant group will be allowed to threaten another country from Afghanistan.
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Media Violation Commission bans two TV channels
The Media Violations Commission has ordered Noor and Barya TV channels to stop broadcasting and to appear in court, state-run Bakhtar News Agency reported on Tuesday.
ّIt is said that the decision against the channels was taken for “not observing the principles of journalism.”
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