Business

MRRD spends 40% of development budget in 7 months

Published

8 years ago

July 28, 2016

(Last Updated On: October 24, 2022)

Ministry of Rural and Rehabilitation and Development (MRRD) spent 40 percent of its development budget after seven months.

Minister of Rural and Rehabilitation and Development says the ministry will satisfy the world in the Brussels summit.

One of the pre-conditions of the donor countries to Afghanistan for continuation of assistances is that the Afghan ministries should spend 60 percent of its development budgets.

“We succeed to spend 40 % our development budget ten days ago and we will reach to 60 percent before the Brussels summit,” said Nasir Ahmad Durani, minister of MRRD.

While MRRD is one of the ministries which succeed to spend part of its budget, but the economic analysts emphasized that a law should be approved that based on that each ministry is obliged to spend its budget.

Previously, President Ghani has ordered the cabinet minister to spend 60 percent of their budgets before the Brussels summit, otherwise they will not attract the attention of world for further aids.

Business

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

Published

5 hours ago

April 19, 2024

Ariana News

(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.

Business

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

Published

2 days ago

April 17, 2024

Ariana News

(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.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

4 days ago

April 15, 2024

Ariana News

(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.