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ICC’s attempt to boost Afghan economy, inaugurates new branch

ICC’s attempt to boost Afghan economy, inaugurates new branch

KABUL: The International Chamber of Commerce (ICC) inaugurated its new branch in Afghanistan in an attempt to boost the economic development programs in the country. Speaking at the inauguration ceremony, CEO Abdullah Abdullah said the purpose of the ICC branch office in Afghanistan was not to rival with other institutions in the country. It was instead a move is to ... Read More »

Afghan Special Forces nabs top drug smuggler ‘wolf’ in Nimroz

Afghan Special Forces nabs top drug smuggler ‘wolf’ in Nimroz

KABUL: A top drug smuggler who was famous as ‘Wolf’ arrested in western Nimroz province of Afghanistan. According to the local security officials, the drug smuggler, Naeem famous as Wolf, was arrested during a special military operation conducted by the police forces of the counter-narcotics department. Provincial police spokesman Mohammad Omari said Naeem was arrested along with another drug smuggler. ... Read More »

Da Afghanistan Bank collects 25m old bank notes since Feb1

Da Afghanistan Bank collects 25m old bank notes since Feb1

KABUL: Da Afghanistan Bank (DAB) announced collecting 25 million old banknotes since February 1 and the process would continue until March 21, but money changers believed the period given was too short. Moneychangers said collection of all old banknotes in one month would be impossible. DAB on February 1 said banknotes that were stuck back together with sticky tape or ... Read More »

Afghanistan to cut 20% in the internet prices

Afghanistan ministry of telecommunication and information and technology

KABUL: Afghanistan ministry of telecommunication and information and technology (MCIT) announced that it would cut 20 percent in the internet prices, amid the growing complaints from the citizens of both high price and low quality telecommunication networks. Sayed Ahmad Shah Sadat, Deputy MCIT Minister, told a press conference that the government-run Afghan-Telecom and Salam communication would offer hence after an ... Read More »

Azerbaijan sends trade mission to Afghanistan to increase trade

Azerbaijan-Afghanistan

KABUL: Export missions of Azerbaijani entrepreneurs visited Afghanistan, said Azerbaijan’s Economy Ministry. A meeting has been held between Azerbaijan Export and Investment Promotion Foundation and Afghanistan Chamber of Commerce & Industries. Vice president of AZPROMO Yusif Abdullayev informed the participants about Azerbaijan`s economy, as well as development of the non-oil field. The mission is related to the fields of production ... Read More »

Afghanistan’s MoEc proposes the implementation of development projects within national priorities

Afghanistan’s MoEc proposes the implementation of development projects within national priorities

KABUL: Afghanistan’s Ministry of Economy (MoEc) said that the implementation of development projects within the framework of national priorities and an increase in the level of budget spend has helped boost Afghanistan’s economic growth rate. By investing around 20 billion Afs within the framework of the national budget, the country’s economic growth rate is up by one percent, said the ... Read More »

Afghan stones traders sign contracts at India Stone Mart

Afghan stones traders sign contracts at India Stone Mart

JAIPUR: Several traders of marble, onyx and lapis from Afghanistan signed a number of contracts with international buyers at the India Stone Mart, the country’s largest stone industry exposition. The event was held from February 2-5 at the Jaipur Exhibition and Convention Center and drew more than 25,000 guests and 15,000 traders from 60 countries. “Afghanistan’s mountains hold massive reserves ... Read More »

Afghan Security Forces seizes unhealthy smuggled meat

smuggled-meat

KABUL: Afghan security forces in eastern Nangarhar province seized over 2000 kilogram unhealthy smuggled meal in an operation. Reportedly, the meat was smuggled to Afghanistan, which discovered and seized by security personnel at border, Nangarhar province. Ataullah Khogyani spokesman of Nangarhar governor said that a person was arrested accused of transferring the unhealthy and crumbling meat. Read More »

Afghanistan-Italy sign contract to construct Herat-Chasht-e-Sharif Road

italy sign

KABUL: Minister of Finance Eklil Hakimi and Kabul-based Italian Ambassador Roberto Canton signed Herat-Chasht e Sharif road construction contract in the presence of President Mohammad Ashraf Ghani, adding the road is 155 KM long and a part of East-West Corridor Project. According to details, the contract was signed in a ceremony organized in the Presidential Palace, adding Minister of Public ... Read More »

Trade with Afghanistan will be affected by new border management policy: KPK Customs Collector

Torkham Border Trade

LANDI KOTAL: Khyber Pakhtunkhwa Customs Collector Qurban Ali Mohmand said that implementation of the new border management policy has adversely affected bilateral trade with Afghanistan via Torkham. According to details, talking to a delegation of customs clearing agents and local traders during his visit to Landi Kotal, he said that the annual volume of Pakistani exports to Afghanistan reduced from ... Read More »

Sharp rise in trade between Afghanistan and Iran

Afghanistan-Iran

KABUL: The Ministry of Commerce and Industries (MoCI) said since 2014 Afghanistan’s trade volume with Pakistan has dropped by about 50 percent but that trade with Iran has increased significantly. Since 2014, Iran has replaced Pakistan as Afghanistan’s single biggest trading partner. According to the ACCI, 25 percent of Afghanistan’s total trade volume is with Iran. The ACCI said that ... Read More »

Afghan High Economic Council discuss to increase investment in carpet industry

Afghan carpet

KABUL: The High Economic Council (HEC) of Afghanistan with President Mohammad Ashraf Ghani on the chair held a session and discussed different issues, including ministries’ performances in line with endorsement of the council, investment on carpet industry, women’s economic empowerment, assigning of a specific place for dried fruit market and Singapore training programs for government employees, a statement said. According ... Read More »

Afghan Security Forces nabs drugs smuggler, recovered hashish

hashish

KABUL: A smuggler was arrested and 11 kilogram hashish has been discovered by Afghan security forces in western Farah province. Security Command officer said that anti-narcotic police followed a tip-off and raided in western Farah province. The police recovered 11 kilogram hashish from the house of a suspect who was identified as Shaikh Ahmad. The police registered a case and ... Read More »

Afghan ambassador discusses trade, investment with USAID delegation

Hamdullah Mohib - Afghanistan Ambassador

KABUL: Afghanistan’s Ambassador to US met a delegation of US Agency for International Development (USAID) and discussed better coordination in the execution of agencies’ economic projects in Afghanistan, the envoy said. The two sides also discussed post-Brussels conference projects in the war-torn country and talked about better coordination in the implementation of USAID programs. Reforms process, facilities for the US ... Read More »

Afghan national arrest in gold smuggling attempt

gold bar

TORKHAM: An Afghan national was arrested as the Khasadar force foiled an attempt to smuggle gold from Pakistan to Afghanistan through Torkham border. According to details, Naib Tehsildar Khasadar Force Shams-ul-Islam said that the Khasadar troops during routine checking stopped an Afghanistan returned empty truck for examination near Torkham border. During inspection, they found 12 kg gold concealed in tools ... Read More »

Afghanistan may pay back Pakistan in same coin

AFGHAIN

KABUL: Pakistan pursues the policy of “strategic depth” whereby it wants to convert Afghanistan into a client state. Its Inter Services Intelligence (ISI), which controls several terrorist outfits in Afghanistan, enhances the terrorist activities when it feels that the Afghan government is not following its diktat or becoming close to India. ISI uses the Taliban to dislodge the lawful government ... Read More »

Afghanistan gets tough on tax evasion

afhgan

KABUL: Afghanistan is cracking down on tax evasion to repair its finances as the country’s economy struggles with renewed violence and the withdrawal of the huge coalition presence that fed business for years. The departure of most foreign troops two years ago allowed the Taliban to take advantage of the security vacuum and escalate attacks on the government, hurting consumer ... Read More »

Afghan businesses feel squeeze from govt tax drive

AFGHAN

KABUL: new tax regime aimed at weaning Afghanistan off international aid has boosted government revenues but drawn complaints from some private businesses that it hits them unfairly, dampening hopes of economic recovery after decades of war. Afghanistan’s finance ministry says it expects to raise almost $2.5bn in revenues in the year to March, 2017, $500mn above target, an important achievement ... Read More »

New Pak, Afghan border controls slow trade

afghain

KABUL: For decades Afghan and Pakistani merchants crossed freely at Chaman, a dusty, wind-swept frontier border town in Balochistan, but an unprecedented bid by Islamabad to impose border controls is sparking fears for bilateral trade. Chaman is one of just two major crossings from Afghanistan into Pakistan, where until recently border controls were virtually absent along the disputed colonial-era line ... Read More »

Afghanistan cracks down on tax evasion to boost revenue

afghanistan

KABUL: Afghanistan is cracking down on tax evasion to repair its finances as the country’s economy struggles with renewed violence and the withdrawal of the huge ­coalition presence that fed business for years. The departure of most foreign troops two years ago allowed the Taliban to take advantage of the security vacuum and escalate attacks on the government, hurting consumer ... Read More »