Business

Uruzgan mayor determines Kaldar as second valuable exchange

Published

8 years ago

June 21, 2016

(Last Updated On: October 25, 2022)

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

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

2 days ago

April 24, 2024

Ariana News

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Business

Afghanistan starts exporting via railway to Turkey

Published

4 days ago

April 22, 2024

Ariana News

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Business

Afghanistan, Kazakhstan to hold joint expo in Kabul

Published

5 days ago

April 21, 2024

Ariana News

(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.