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Afghanistan’s revenue higher than target this FY

Afghanistan’s revenue higher than target this FY

Jan 01, 2018 - 20:27

KABUL (Pajhwok): Afghanistan’s national revenue was higher than the target with an economic growth of 2.6 percent in the Fiscal Year 1396, the Ministry of Finance (MoF) said on Monday.

MoF spokesman Ajmal Hameed Abdulrahimzai addressed a press conference regarding decisions of the 18th and 19th meetings of the High Economic Council in the Government Media and Information Center (GMIC) in Kabul.

“We witnessed a lot of achievements this year,” he said of the progress in FY-1396 and financial plans of 1397 in economic sector.

He said the Cabinet announcement of a 50 percent reduction in the amount of bank guarantee and license fees of the private media was in agreement with the Ministry of Finance.

“In return the mass media should reduce its cost by 25 to 60 percent while publishing adds on violence against children and women, the fight against drugs, abduction and trafficking. These adjustments will be enforced after their publication in Official Gazette" he added.

At the 18th meeting of the High Economic Council on ensuring implementation of session (17) directive on Moheb Group business plan, the beneficiary property plan, the progress report on the implementation of the APS and APS system and scrap metals were discussed.

"The executive board of the relevant departments after six months of work determined the price of colorless scrap metal and colored metals “said Abdulrahimzai.

“At the High Economic Council meeting, the price of the colored metals was approved by scrap metals sales department” he added.

At the 19th meeting, plan of the Ministry of Telecommunications and Information Technology (ICT) for establishing a real time data management, analysis and evaluation of talc sector value chain was discussed.

Consequently, the High Economic Council decided that investors in the talc extraction and processing sector should be encouraged.