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Finance ministry collects 197 billion AFN in revenue since IEA takeover

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Afghanistan’s finance ministry has collected 197 billion afghanis in revenue since the Islamic Emirate of Afghanistan (IEA) took over the country in August last year, an official said this week.

Speaking in an exclusive interview with Ariana News, Mohammad Meraj Meraj, head of the Revenue Department of Finance Ministry, said that the ministry’s revenues are more than the government’s ordinary spending, so they have started development projects.

The official blamed the international community for the economic crisis in Afghanistan, but argued that poverty in the country is not at the level that is reported by the international organizations.

“We are not begging anyone. We will build Afghanistan with our own hands, with the hands of people. Foreign countries want us face hardship. They have tried to paralyze our economic system and business, but we have countered it, and our situation is improving day by day,” Meraj said.

On corruption, the official said that the menace has been reduced to zero in the government institutions.

“In IEA institutions, corruption has been reduced to zero. Transparency has been ensured particularly in the customs directorate and revenue department. Prior to IEA victory, while there was greater business and more projects, but revenues were very less,” Meraj said.

On the status of female employees, the official said that a total of 110 women were working in finance ministry, mostly from home.

He said that women will be working in the office after the environment gets suitable for them to return.

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36 mining contracts inked over the past year: Mines ministry

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The Ministry of Mines and Petroleum says it has signed 36 large and small mining contracts, with a total value of $1.3 billion over the past year.

Officials from the ministry stated that these contracts include 10 large mines, 25 small mines, as well as projects related to cement, salt, marble, and a major gas extraction contract with Uzbekistan, all signed with both domestic and foreign companies.

Meanwhile, economic experts have emphasized the importance of increasing investments in the mining sector for the country’s economic growth. They have stressed that priority in mining contracts should be given to domestic companies.

“It is better to prioritize domestic investors over foreign ones,” said Kamaluddin Kakar, an economic expert.

In the meantime, members of the private sector also stated that if both foreign companies and Afghan investors can partner in the mining sector, this will not only foster investment development in the country but also bring positive changes in capacity building within the mining extraction sector.

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Afghanistan ships first consignment to Europe via Khaf-Herat railway

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The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.

According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.

The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.

The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.

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Russia’s LPG exports to Afghanistan boom as Europe shuns it

The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.

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Russia’s exports of liquefied petroleum gas (LPG) to Afghanistan and ex-Soviet states in Central Asia have jumped following introduction of European Union sanctions against Moscow at the end of 2024, industry sources said on Wednesday, Reuters reported.

The European Union’s sanctions against Russia’s LPG over the war in Ukraine took effect on December 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers.

LPG, or propane and butane, is mainly used as fuel for cars, heating and to produce other petrochemicals.

According to the industry sources, railway supplies of LPG from Russia’s plants, including the Kazrosgas joint venture with Kazakhstan, jumped to the region by 80% year on year in January – February to 140,000 metric tons, read the report.

The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.

Traders expect great scope for more supplies to Afghanistan, where annual demand for LPG is seen at around 700,000 tons per year.

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