Business

Pending of 2016 budget in WJ creates problems: Officials

Published

8 years ago

December 12, 2015

(Last Updated On: October 25, 2022)

Officials in Ministry of Finance have warned the lower house of the parliament for not working on the draft budget of 2016 fiscal year, Afghanistan will face serious problems in implementing different projects in the country in the year of 1395.

They have once again insisted that the budget has been prepared based on the potentials for the year of 2016, if the 80 % of budget is consumed, it will boost 6% economy in the entire country.

Draft of budget for the year of 1395 has been pending in the lower house of the parliament, it should soon be finalized and let the further processing to be taken place.

Head of the general budgeting department Zai Rahman Halimi said,” if the draft to be rejected by the members of the parliament, it will slow down the implementation of projects within the country.”

According to statement of officials usually 80% of our budget is supported by the International countries, the main challenge for the implementation of the projects in Afghanistan will be insecurity which is big concern of the officials in Ministry of Finance.

Minister of Finance spokesman Hameed Abdul Rahimzai said,” each province, districts, and villages of Afghanistan is important,the budget for the upcoming year has been made based on the resources.”

Based on the estimation the budget for the fiscal year of 2016 has been finalized 7 $ billion,95 % of the budget has been specialized for security, 20 % for infrastructure, 13 % for education, 7% for developing of agriculture, 6% health care .

Reported by Fawad Nasiri

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.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

6 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.