The Economic Commission tasked a joint committee to find a suitable solution for the money transfer and guarantees of the contractors

April 25, 2022

The Economic Commission, headed by the First Deputy PM, Mullah Abdul Ghani Beradar Akhund, has appointed a joint committee headed by the Ministry of Finance, comprising representatives from the Ministry of Public Works, Ministry of Industry and Trade, Da Afghanistan Bank, and representatives of the Economic Commission, to find a suitable solution to the problems of money transfer and guarantees of the contracting companies and their money left with the former administration. Representatives of these companies said that they have contracted many projects with the previous administration, some of which have been completed but have not yet been handed over.

They added that the Islamic Emirate of Afghanistan should hand over these projects and their guarantees should be refunded.

Representatives of these companies said that they are indebted to other contractors and the government should look for a suitable solution to their problems.

The Economic Commission also approved the proposal of the Ministry of Urban Development to build 150 small and medium-size factories in the industrial park related to the Perozi project by Beijing-Nangarhar Construction and Manufacturing Company.

After a detailed discussion at the meeting of the Economic Commission, it was decided that for 2,700 tons of A80 oil imported to Afghanistan, the contracting companies must pay $25 per ton to the Afghanistan National Standards Authority (ANSA), which was previously paid to the state-owned oil and Gas Company. The oil contracting companies will also pay another $10 per ton to (ANSA) for repairing their laboratory equipment.