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Afghanistan

ACCI report shows business climate in slump

AFGHAN

KABUL: The Afghan Chamber of Commerce and Industries (ACCI) this week released results of its third review of Afghanistan’s business climate and found businessmen were generally not happy with the current economic status. The ACCI’s review covered the past nine months and found that small and medium enterprises are struggling financially. Studies involved employees and managers of 400 different business, ... Read More »

Problems in mining law slowing down investment

AFGHAN'

KABUL: The Natural Resources Monitoring Network (NRMN) on Monday said studies show that a host of problems have been found within the mining law, which in turn is slowing down investment in this sector. The practice of giving contracts to relatives of government officials and the lack of details contained within articles of the law regarding contracts are some of ... Read More »

Japan provides $3.6m USD grant to Afghanistan

AFGHAN

KABUL: The Japanese government has agreed to provide the Afghan government with $3.6 million USD in aid a move sealed on Sunday in Kabul after the agreement was signed between the Japanese ambassador to Kabul and the Ministry of Foreign Affairs (MoFA). Deputy foreign minister for political affairs Hekmat Khalil Karzai said the aid package will be invested in education, ... Read More »

Afghanistan, China to connect through fiber optic network

AFGHAN

KABUL: Sayed Ahmad Shah Sadaat, acting Minister of Communications and Information Technology (MoCIT), on Friday said a fiber optic cable network project will connect Afghanistan to China through Wakhan port. He said once the project has been launched, Afghanistan stands to earn up to $60 million USD annually by being a conduit for China’s data to countries around the world. ... Read More »

Ghani inaugurates next phase of Kamal Khan dam project

AFHGAN

KABUL: President Ashraf Ghani on Thursday inaugurated phase 3 of the Kamal Khan Dam project in Chaharbarak district of Nimroz province. Speaking at a ceremony in the district, Ghani said: “Kamal Khan Dam is a tool of Afghanistan’s honor which will help the country manage waters and prevent water wastage. Water is our wealth. Government is determined to implement economic ... Read More »

Ministry of mines working on TAPI route and security

AFGHAN

KABUL: The Ministry of Mines and Petroleum is working on a security plan and the route for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, said ministry of mines spokesman Zabihullah Sarwari. According to him, the security plan for the project has been outlined. “Government has worked on this part and we hope that our plans continue based on the TAPI implementation schedule,” ... Read More »

Business women ask govt for help to expand economic activities

AFGHAN

KABUL: Businesswomen believe that government’s cooperation would help them to expand their activities and hire more female employees. A number of Afghan businesswomen on Sunday asked the Afghan government to help them expand their businesses and economic activities. Businesswomen believe that government’s cooperation would help them to expand their activities and hire more female employees. Rahima is an Afghan businesswoman ... Read More »

MoCI Awaits Pakistan’s response over APTICA meeting

AFGHAN

KABUL: The Ministry of Commerce and Industries (MoCI) said it has sent an official request to Pakistan in order to hold the seventh Afghanistan-Pakistan Transit Issue Contract Agreement (APTICA) meeting and is still awaiting their response. The MoCI sent through the draft of the amended agreement a year ago but is waiting to hear back from Islamabad over the hoped-for ... Read More »

Water treaty eyed as construction of dam to start soon

AFGHAN

KABUL: Minister of water and energy Ali Ahmad Osmani on Monday said government has started work on implementing the Hirmand water treaty and management of territorial waters in the western zone of the country. The minister said that work on the Kamal Khan Dam was underway, and that construction of the dam is the initial step towards the implementation of ... Read More »

Central Bank destroys 360m AFS in bank notes

AFGHAN

KABUL: Afghanistan’s Central Bank burned 360 million AFs worth of worn-out bank notes on Monday – which has brought the total in the past 11 years to 41 billion AFs. Afghans rely heavily on the bank notes, as consumers pay cash for almost everything they buy. As such, the lifespan of bank notes is not very long, officials said. Central ... Read More »

Foundations laid for parwan raisin and grape factory

AFGHAN

KABUL: Afghanistan’s first factory to process grapes and raisins is to be built in the northern province of Parwan, and will provide jobs for at least 300 locals. Addressing the foundation laying ceremony on Thursday, Afghanistan’s CEO Abdullah Abdullah outlined the importance of investment in the country in the agriculture sector, saying investment in this sector would help Afghanistan end ... Read More »

Commerce ministry says investment law to be reviewed

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KABUL: The Ministry of Commerce and Industries on Wednesday said the Investment Law would be reviewed this year in order to encourage and improve investment in the country. According to the ministry, last year more than $1.7 billion USD was invested in different sectors including $806 million USD in energy, $410 million USD in industry, $68 million USD in construction, ... Read More »

Commerce ministry says investment law to be reviewed

AFGHAN

KABUL: The Ministry of Commerce and Industries on Wednesday said the Investment Law would be reviewed this year in order to encourage and improve investment in the country. According to the ministry, last year more than $1.7 billion USD was invested in different sectors including $806 million USD in energy, $410 million USD in industry, $68 million USD in construction, ... Read More »

Kabul consumers cry foul over rotten meat on markets

AFGHAN

KABUL: Kabul residents this week blasted butchers in Kabul city for the increase in sales of expired and rotten meat. Consumers also blasted government for its failure to monitor and control the industry. Residents believe that poverty and illiteracy are the main reasons for people buying cheap meat on local markets – which is often expired and sometimes rotten.“Expired meat ... Read More »

Domestic plans already aligned with one belt one road project

AFGHANISTAN

KABUL: Finance Minister Eklil Hakimi has said the “One Belt One Road” project – which is a new draft by China is important for Afghanistan and the region. “Roads, railways, energy, transportation and people to people connectivity and also facilitation for trade and transit play a constructive role. We have already aligned most of our domestic plans according to One ... Read More »

Afghanistan asked to fix trade deficit

AFGHANISTAN

KABUL: Authorities in the Central Statistics Organization (CSO) on Sunday said Afghanistan’s annual imports cost $7 billion USD; therefore, government should support domestic products in order to fix the trade deficit. Information released by the CSO reveals that Afghanistan annually spends $1 billion USD on ironware imports, $1.5 billion USD on commodities and $2 billion USD on fuel and gas ... Read More »

Domestic production may boost national economy

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KABUL: In an attempt to find new markets for domestic products, 104 local companies exhibited their products at an expo in Kabul under the name of “It is the best, it is Afghan”. Members of the Afghanistan Chamber of Commerce and Industries (ACCI) said research was needed to find out exactly what people need in terms of products, so as ... Read More »

Ministry to deliver 10,000 tonnes of seed to farmers

AFGHAN

KABUL: Officials from the ministry of agriculture and irrigation on Thursday said that it will distribute 10,000 tons of improved seed to Afghan farmers this year in order to help local farmers harvest better crops. They said that in addition to the seed, fertilizers will also be provided to the farmers. Afghanistan needs nearly 60,000 tons of seed annually, but ... Read More »

Road transit links still a headache for Afghanistan

AFGHAN

KABUL: The Ministry of Transport has said in the last solar year only 19 truckloads of goods were transported out of Afghanistan in accordance with the Convention on International Transport of Goods Under Cover of TIR Carnets (TIR Convention). The ministry also said Afghanistan has played only a minor role in transporting goods to World Road Association (WRA) member countries ... Read More »

Torkham closure racks up $3b USD in losses for Pakistan

AFGHAN

KABUL: Afghanistan Chamber of Commerce and Industry (ACCI) said on Saturday Pakistan lost $3 billion USD in exports by closing Torkham crossing. Officials at the ACCI said that at the moment Iranian, Turkish and Indian products are increasingly replacing Pakistani products on local markets. “Pakistan has damaged years of work to secure access to Afghanistan markets and central Asia because ... Read More »