Connect with us

Business

Uruzgan mayor determines Kaldar as second valuable exchange

Ariana News

Published

 on

(Last Updated On: June 21, 2016)

333

Officials in Directorate of Local Governance have stated that the Uruzgan mayor has announced the Pakistani rupees called Kaldar as the second exchange currency in the markets, using foreign currencies will decrease the values of the Afghan currency within the markets, saying investigation will be launched to pursue the following issue.

Officials in Ministry of Finance urged exchanging of foreign notes while purchasing goods are contrary to Afghanistan Finance laws.

Media accessed document indicating that Uruzgan mayor has determined Pakistani rupees called Kaldar as the second valuable exchanged while purchasing meat and some other basic food from the markets.

Officials in Directorate of Local Governance have confirmed the following food price list saying investigation is underway to pursue the following issue.

Directorate of Local Governance Spokeswoman Munira Yusofzada said,” We confirm the following price list of the basic food released by the Uruzgan Municipal, the Governor of Uruzgan will investigate about the issue and is willing to share the results soon with media.”

Uruzgan Governor Spokesman Dost Mohammad Nayab said,” We promise pursuing the issue and sharing the results with central Government and the media outlets soon, after the investigation it will be declared if the following Mayor still can hold his position.”

Meanwhile officials in Ministry of Finance despite of giving no comments calling the following action against the law.

Ministry of Finance Spokesman Ajmal Hameed AbdulRahimzai said,” I don’t want to say any words about that but in general the following action is contrary to financial law.”

Economy experts believed that using foreign notes on daily purchasing process will decrease the values of the Afghani currency, based on the reports that in some provinces of Afghanistan foreign currencies Kaldar, Tuman and even US Dollars are being used to purchase goods or to carrying the business.

Reported by Ali Asghari

 

Continue Reading
Advertisement

Business

Afghanistan, Turkmenistan sign MoUs, seal private sector contracts

Ariana News

Published

on

(Last Updated On: September 30, 2020)

Afghanistan and Turkmenistan signed three memoranda of understanding (MoUs) and an economic cooperation agreement in Kabul on Wednesday for electricity and fiber optics.

In a statement issued by the Presidential Palace (ARG), two companies will be responsible for transferring 500 MW of electricity from Turkmenistan to Afghanistan and for connecting a fiber optics network. The companies are Afghanistan’s Bayat Group and Turkmenistan’s Chalak Company.

During the official signing ceremony, Afghan President Ashraf Ghani thanked the two companies for their cooperation and said Turkmenistan and Afghanistan are proving to be good neighbors amid efforts to strengthen diplomatic and economic ties. 

“Thanks to the presence of Bayat Group and Chalak Private Company, it shows that Afghan and international private companies have joined hands to provide electricity,” Ghani was quoted in the statement as having said. 

“Fiber optics is the infrastructure of the 21st century and this infrastructure gives hope to our youth. Innovative work in the 21st century is impossible without a comprehensive understanding of fiber optic networks, connectivity and modern technology,” he stated.

Representing Turkmenistan at the event was Turkmen Ambassador to Afghanistan Ovezov Hoja Sapargeldievich.

The ambassador said talks between the presidents of Turkmenistan and Afghanistan had always been about bilateral cooperation and partnership. He said his country supports all efforts and initiatives for peace and stability in Afghanistan and hoped that Afghanistan would achieve peace as soon as possible.

Ghani in turn thanked the ambassador and the President of Turkmenistan Gurbanguly Berdimuhamedow and said that with ongoing efforts to strengthen ties new avenues, including the lapus lazuli and silk road routes, were projects that will be delivered on. 

He said the countries were today able to revisit history and make up for the time lost in recent years. 

Ghani also said the TAPI pipeline project would benefit both countries and the people of Afghanistan. 

“Turkmenistan is a good neighbor not only to Afghanistan, but to all of us, and we are going back to our ancient roots,” he said.

Continue Reading

Business

Three-day expo of Iranian goods and services underway in Kabul

Ariana News

Published

on

(Last Updated On: September 23, 2020)

Iran is hosting a three-day trade exhibition in Kabul in the hope of strengthening bilateral trade ties with Afghanistan. 

Speaking at the event, Iran’s Ambassador to Afghanistan Bahador Aminian said the exhibition aims to promote trade and share technical “know-how” with Afghanistan. 

Iran’s Commercial Consular in Kabul Javanmard Qassab said the exhibition will last for three days in an effort to introduce Iranian products to Afghan customers.

He said the embassy was hoping to sign agreements between Iranian and Afghan businesses. 

Trade value between the two countries has now topped $1.5 billion, with Iran exporting a large amount of goods to its neighbor annually. 

Afghan traders are also showcasing their products to Iranian businesses.

 Representatives of 21 Iranian companies that offer services within the municipal sector are participating along with 54 other Iranian companies. 

These companies are from a cross-sector of the commercial industry including technical and engineering services, along with electricity, energy and telecommunications providers.

Continue Reading

Business

Gov’t approves four wind and solar power projects

Ariana News

Published

on

(Last Updated On: September 22, 2020)

The Afghan High Economic Council has approved four wind and solar power projects in Herat, Kabul and Balkh provinces.

Laima Khurram, director of public-private partnership policy at the Ministry of Finance, said the projects would cost an estimated $160 million.

“One of the wind power projects is in Herat with a capacity of 25 megawatts, another 40-megawatt solar power project is in Mazar, another 25-megawatt solar power plant is in Herat,” she said.

The projects are part of a public-private partnership between the government and the private sector.

This comes after last month’s agreement between the Afghan government and an Emirati company to generate 3,000 megawatts of solar power in Afghanistan. 

Afghanistan currently needs 2,000 megawatts of electricity to light homes and power the economy. However, it relies heavily on imported power from neighboring countries.

Continue Reading

Trending