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Special commission formed to resolve Afghanistan’s tax collection issues

A special commission which comprises the Ministry of Finance (MoF), the Ministry of Justice (MoJ) and the Attorney General’s Office has been formed to resolve disputes with large companies that owe taxes to the Afghan government. MoF’s treasury department head,

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Afghan Finance Ministry accused of miscalculating income taxes

Shopkeepers in Kabul have accused Ministry of Finance (MoF) of miscalculating taxes and eliciting extra taxes for personal gains. According to Tolo News, MoF officials had forced shopkeepers to pay up to 100,000 AFG in income taxes this year, while

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Afghan banks should require insurance certificate before providing loans: Delawari

Da Afghanistan Bank (DAB) Chief  Noorullah Delawari stressed on the importance of insurance for the banking sector in Afghanistan at a conference held by the Afghanistan Insurance Authority (AIA) on Monday. Delawari said banks loan provision by the banks should

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The state of Afghanistan’s national finances

Many reports have been circulating during the last few days about the state of public finance in Afghanistan. Based on empirical guesses of incomplete information, these reports contribute to the uncertainty of the political landscape in Afghanistan. To provide a

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Wolesi Jirga rejects 2014 Budget

The draft budget for 2014 assembled by the Ministry of Finance (MoF) was rejected with a majority of votes by the Lower House of Parliament, Wolesi Jirga. The MoF is required to reassess the draft and incorporate the changes the

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Afghanistan's 2013 infrastructure projects receive criticism

Officials from the Ministry of Economy (MoE) and the National Economic Committee House have expressed dissatisfaction about the implementation of infrastructure projects in the country during the year 2013. MoE representative Sayed Aref Nazif refuted the 2013 reports on the

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Afghanistan’s 2013 infrastructure projects receive criticism

Officials from the Ministry of Economy (MoE) and the National Economic Committee House have expressed dissatisfaction about the implementation of infrastructure projects in the country during the year 2013. MoE representative Sayed Aref Nazif refuted the 2013 reports on the

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Baghlan may not be able to meet its annual target revenue

Baghlan revenue department may not be able to achieve the projected 310 million Afghani target fixed by the Ministry of Finance. Revenue director Baseer Ahmad Baseer said the revenue of the province was 180 million AFN last year, exceeding the

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Corruption persists in customs department- Minister Zakhilwal

Afghan Finance Minister Hazrat Omar Zakhilwal called on Ministry’s officials to tackle the issue of corruption in the customs department. The efforts put into eradicating corruption in Afghanistan have had no positive results, according to the officials. Minister Zakhilwal said

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Afghan government revenue goes up

The Ministry of Finance’s General Revenues Department reported an increase in the government revenue for the first nine months of the current fiscal year (22 March 2012-21 March 2013). The revenue is currently standing at 11bn AFN, equivalent to USD

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Fire insurance coverage for companies is mandatory-Afghan Ministry of Finance

The Ministry of Finance has announced that businesses and foreign organizations without fire insurance coverage would not receive a license to operate in Afghanistan. Fire insurance has been made mandatory on all local and foreign companies and businesses. “All organizations,

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Afghan government dismisses SIGAR’s report on Afghanistan’s corruption

The Afghan Ministry of Finance has denied remarks in SIGAR’s latest quarterly report, stating corruption in the country hampering Afghanistan’s reconstruction efforts after influx of billions of dollars of aid. While acknowledging the presence of some degrees of corruption in

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Kabul to witness 300 agriculture projects

The Ministry of Agriculture, Irrigation and Livestock has planned 300 projects that would be launched in Kabul during the current year. Costing more than USD 15mn, the projects include food security, animal husbandry, natural resources and an improved irrigation system,

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3rd Asia-Pacific Ministerial Conference ESCAP

A Ministry of Finance and delegation lead by, H.E. Dr. Omar Zakhilwal, the Minister of Finance of Islamic Republic of Afghanistan attended 3rd Asia-Pacific Ministerial Conference UNESCAP on Public-Private Partnership for Infrastructure Development held in Tehran, Iran during November 11

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Foundation stone-laying ceremony of a blood bank clinic in Western Afghanistan

 A blood bank is soon going to be established in the western Herat province of Afghanistan, reported officials from the Ministry of Public Health. Deputy Public Health Minister Najia Tariq, speaking at the foundation stone-laying ceremony of the clinic, said

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New Kabul Bank will be handed in to the private sector in a transparent manner

The next conference for the purpose of determining the New Kabul Bank’s buyer is awaited to be held in Dubai. Ministry of Finance says that domestic and foreign investors and entrepreneurs will be participating in this conference. Noorullah Delawari, Governor

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Program to Facilitate Government Service Delivery to Afghans

The Ministry of Finance (MOF) and the Independent Administrative Reform and Civil Service Commission (IARCSC) launched a $350 million Capacity Building for Results (CBR) program on 22nd May 2012 in Marmarin palace, financed by the multi-donor Afghanistan Reconstruction Trust Fund

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Industries Ministry Awaits Allocation of $35m for Oil Imports

Afghanistan’s Ministry of Finance allocated US$35 million for the country to purchase oil this year, but the Ministry of Commerce and Industries officials say they still have not received it. Finance Minister Hazrat Omar Zakhilwal told TOLOnews that the money

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An overview of Ministry of Finance activities in 2011-2012

Senior staff of the Ministry of Finance held their annual activity overview meeting in Kabul Intercontinental hotel for two day on 8th May 2012. Dr. Hazrat Omar Zakhilwal Minister of Finance, Deputy Ministers of Finance, Administration, Custom and Revenue, Policy,

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13 govt officials held on fraud charges

The Attorney General Office (AGO) has detained 13 employees of the Ministry of Finance and Independent Directorate of Local Governance (IDLG) on charges of embezzling 25 millions afs. The employees, including three directors, were arrested on Saturday morning in Kabul,

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Finance ministry rules out more changes to budget

A finance ministry official said on Monday the rejection of the proposed annual budget by the Wolesi Jirgafor a second time amounted to a betrayal of the nation. Parliamentarians have refused to approve the budget for the current year by

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Finance ministry to bring changes to budget

The finance ministry on Sunday promised bringing changes to the annual budget, hours after its rejection by an overwhelming majority of Wolesi Jirga, lower house, members. The national assembly refused to endorse the proposed accounts due to uneven allocations to

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Expansion and intensification of Afghan German Development Cooperation

Today, the Minister of Finance of the Islamic Republic of Afghanistan, Dr. Hazrat Omar Zakhilwal (MoF), and Dirk Niebel, Federal Minister for Economic Cooperation and Development (BMZ) of the Federal Republic of Germany, officially signed the summary record of the

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