Connect with us

Business

Terrorists Indirectly Receive Parts of Mine’s Revenue in Nangarhar :MoMP

Published

on

(Last Updated On: October 24, 2022)

1Officials in Ministry of Mines and Petroleum have expressed concerns over illegal extraction of the mines in Nangarhar saying terrorist specially Taliban and Daesh militants are being beefed indirectly by digging mines.

Chief office of Projects in Ministry of mines and petroleum Zabiullah Sarwari said, “Terrorists especially Taliban, Daesh are doing illegal activities to end up receiving parts of the mines revenue indirectly in Nangarhar.”

Sources in Nangarhar province also stated Daesh and Taliban are excavating mines in Askamina and Kot districts of Nangarhar province, and the incomes of illegal mine extraction is being deposited in their pockets, officials have also confirmed illegal excavation of mines in insecure areas of Nangarhar.

Chief department of mines in Nangarhar Sayed Saleh Shinwari said, “We confirm illegal excavation of mining in Sherzad and Pacheragam districts, in most cases insurgents are creating problems and stopping us working on mines.”

Meanwhile security officials have claimed that 80 percent of the mines are being secured by Afghan security forces at the entire country, but some mines are being extracted by the insurgents and powerful figures.

Ministry of Interior Affairs Deputy Spokesman Najeebullah Danish said, “Unfortunately some of the mines are being excavated by the local powerful figures, efforts are underway to stop illegal extraction of mines in Afghanistan.”

Afghan economy experts believed that Afghanistan will become a welfare country, if the $ 3 trillion mines to be excavated legally and transparently by the Government of Afghanistan.

Reported by: Fawad Nasiri

 

Advertisement

Business

Ministry of commerce allocates land for oil refineries

Published

on

(Last Updated On: March 14, 2024)

Acting Minister of Industry and Commerce Nooruddin Azizi, said in a meeting with oil refinery officials that as soon as they are ready to invest, the ministry will establish an oil and gas industrial park.

In this meeting, refinery officials discussed problems regarding the Qashqari oil field and agreed that land should be provided. They said oil extracted from Qashqari needed to be refined through the standard process.

Azizi, while announcing the cooperation and support of the Islamic Emirate and especially the Ministry of Commerce and Industry for the private sector of the country, said: “A joint proposal should be arranged and submitted to this ministry for the land of the refineries, and also if the officials of the refineries are ready to invest in the area of Dara-e-Hairatan, an oil and gas industrial park will be created and the land will be placed under their control.”

Azizi emphasized the need to increase the capacity of existing refineries and the quality of oil, shared the decision of the High Economic Commission regarding the establishment of a large refinery.

Continue Reading

Business

Pakistan’s Federal Secretary of Commerce invited to visit Kabul

Published

on

(Last Updated On: March 11, 2024)

Acting Minister of Industry and Commerce, Nooruddin Azizi, has invited Pakistan’s Federal Secretary of Commerce Mohammad Khurram Agha to visit Kabul.

In a virtual meeting, the two sides discussed the progress made in the last two and a half years in the country, the increase in trade between the two countries, solving problems and removing trade and transit barriers.

They also discussed the need for more facilities, establishing close relations between the governments and private sectors of the two countries and boosting regional cooperation, the Ministry of Industry and Commerce said in a statement Monday.

Continue Reading

Business

Headline inflation in Afghanistan down to -10.2% in January: World Bank

Published

on

(Last Updated On: March 11, 2024)

In January 2024, headline inflation experienced a significant downturn, reaching -10.2 percent on a year-on-year basis, the World Bank said in a report.

This substantial drop was largely due to a sharp decline in prices across both food and non-food categories, the report said.

Moreover, core inflation, which strips out the typically volatile food and energy sectors, also fell into negative territory, posting a rate of -6.5 percent on year-on-year basis.

“This ongoing core deflation reflects a troubling inability of both private and public sectors to stimulate sufficient demand. While this period of falling prices may offer temporary financial relief to the most vulnerable households by reducing the cost of living, it can also harm the broader macroeconomy,” the World Bank said.

According to the bank, Afghanistan’s exports contracted by 5 percent on year-on-year basis to $140.5 million in January 2024, down from $148.1 million the previous January.

Food exports to India jumped by 22 percent, compared to an 18 percent decline in Pakistan. Pakistan and India continued to be the top export destinations, claiming 45 percent and 34 percent of the total exports in January 2024, respectively.

The 2023 growth trend in imports extended into January 2024, hitting $830 million, up 37 percent from $600 million in January 2023.

According to the report, in 2023, the afghani (AFN) saw a significant 27 percent appreciation against the US dollar, buoyed by the influx of around $1.8 billion in UN cash shipments and an estimated $2 billion in remittances.

Revenues have been below the Islamic Emirate of Afghanistan’s (IEA) target during the first eleven months of FY2024, with border taxes underperforming despite a surge in imports.

Over the eleven-month span of FY2024, from March 22, 2023, to February 21, 2024, Afghanistan’s revenue collection reached AFN 189 billion, narrowly missing the target by 2 percent but marking a 5.6 percent increase from the previous fiscal year, the report said.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!