Connect with us

Business

Government Revenue Rises 53 Percent In Last Three Years: Finance Minister

Published

on

(Last Updated On: October 24, 2022)

Government collected about 54 billion Afghanis in last three years that indicates 53 percent increase in revenue compared to previous years, the Minister of Finance said on Sunday.

“Since the establishment of National Unity Government  the revenue has been increased,” Iklil Hakimi told reporters during a press conference.  “At the beginning the government revenue was under 100 billion Afghanis but now it has been reached to 153 billion Afghanis.”

According to the Finance Minister, most of the revenue earned from taxes and tariffs.  

Economic experts, however, believe the increase of state taxes could be harmful on the situation of poor and unemployed people in the country.

“The income will increase via taxes & tariffs  which is effective in rising government revenue but it will also have impacts on the economic situation of the people,” said Ahmad Zia Zia.

It comes as the International Monetary Fund has set a target of 153 billion Afghanis for Afghanistan to collect as revenue by the end of the current fiscal year.

Advertisement

Business

Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

Published

on

(Last Updated On: April 19, 2024)

The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.

Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”

These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.

To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.

These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.

In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.

Continue Reading

Business

Export volume totals over $140 million in last month of 1402

Published

on

(Last Updated On: April 17, 2024)

The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.

This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.

Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.

Continue Reading

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

on

(Last Updated On: April 15, 2024)

The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.

According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.

The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!