Business
EPD Institution Criticizes Un-Balanced Budget of 1396
Equality for Peace and Democracy Institution (EPD) members have reviewed the draft budget for the year of 1396 and criticized the allocation of huge amount of money for the security sector, the budget which was rejected by the members of the parliament for being out of balance, their findings also indicated that 292 billion Afghani is maintained from the International community aids showing 63 percent of the budget.
Despite of 4 percent increase in the development budget the Equality for Peace and Democracy institution saying this is huge amount of money which should be spent for the other sectors in Afghanistan.
Chairman of the Equality for Peace and Democracy institution (EPD) Mohammad Edrees Omarzad said, “Huge money should not be allocated only for security sector, health sector is vital to all in this country, there are private sectors and education sector are also counted as important.”
The members of the Equality for Peace and Democracy institution have also expressed concerns over the Ministries who have failed to spend the allocated development budgets for the year of 1395, differences between the discretionary and non-discretionary budget is the other concern of the following institution.
“The discretionary budgetary is not becoming 50 percent, which indicates 171 billion Afghani the non-discretionary, that means Government is not able to understand how the budget is going to be spent.” Chairman of the Equality for Peace and Democracy Mohammad Edrees Omerzad said.
The budgets which has been allocated for the year of 1396 is 466 billion Afghani where 287 billion is specialized for common budget and 178 billion Afghani is allocated for development budget and the draft budget also indicates 151 billion Afghani incomes incoming year.
Last year 7 Ministers have failed to spend 70 percent of the development budgets for the year of 1395 and they were disqualified by the members at the lower house of the parliament.
Reportedby Lida Niazi
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
Afghanistan beat Iraq 5-3, inch closer to Futsal World Cup berth
In Beijing, Blinken meets Xi and raises US concerns about China’s support for Russia
No destructive groups including Daesh present in Afghanistan: Yaqub Mujahid
New UK sanctions target Iranian drone industry
EU allocates 17 million euros to support Afghans on the move
Dead body of Quran-burner found in Norway
ATN secures rights to produce, broadcast second season of KPL
Yadav hits 156.7 km/h as Lucknow trump Bengaluru in IPL match
Afghanistan’s national futsal team ‘ready for’ group stage of Asian Cup
Afghanistan, Pakistan agree to abandon barter trade, establish banking relationships
Tahawol: Pakistan’s security concerns from Afghan soil discussed
Saar: Visits by foreign diplomats to Kabul discussed
Tahawol: Calls for handing over Afghanistan’s seat to IEA discussed
Malaysian delegation trip to Kabul discussed
Tahawol: US State Dept’s criticism of human rights violations in Afghanistan discussed
-
Latest News3 days agoRashid Khan named AWCC’s brand ambassador
-
Regional4 days agoIranian president lands in Pakistan for three-day visit to mend ties
-
Climate Change5 days agoMassive river flooding expected in China, threatening millions
-
Sport4 days agoKolkata beat Bengaluru by one run in IPL as Kohli fumes at dismissal
-
Sport4 days agoACL: Aino Mina 3-0 Istiqlal Kabul; Attack Energy 3-0 Khadim
-
Climate Change4 days agoRescuers race to reach those trapped by floods in China’s Guangdong
-
Business5 days agoAfghanistan, Kazakhstan to hold joint expo in Kabul
-
World3 days agoMalaysian navy helicopters collide in mid-air, 10 killed