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Ghani inaugurates air cargo route to India

AFGHAN

KABUL: President Ashraf Ghani on Monday said at the official inauguration ceremony of the new air cargo route between Afghanistan and India that people who create problems for Afghanistan should know that the people take these issues and turn them into opportunities. He also said not only will this new import/export route increase the income of farmers and traders in ... Read More »

Afghan exports take to skies as cargo route opens

AFGHAN

KABUL: The Afghan Chamber of Commerce and Industries (ACCI) said at the inauguration of the air cargo route between Afghanistan and India that the first consignment will fly to India on Monday. According to the ACCI, this will be a load of medicinal plants. A number of Afghan businessmen and traders meanwhile welcomed the initiative and said the opening of ... Read More »

Kabul municipality unveils first metro bus system

AFGHAN

KABUL: Kabul municipality on Thursday announced plans for the first phase of a metro bus system in the capital, the first major urban public transportation scheme in the country. Abdullah Habibzai, the acting mayor of Kabul said the first phase of the metro bus system in Kabul will start from Sarai Shamali and run through to Baraki Square. It will ... Read More »

Kabul municipality unveils first metro bus system

AFGHAN

KABUL: Kabul municipality on Thursday announced plans for the first phase of a metro bus system in the capital, the first major urban public transportation scheme in the country. Abdullah Habibzai, the acting mayor of Kabul said the first phase of the metro bus system in Kabul will start from Sarai Shamali and run through to Baraki Square. It will ... Read More »

World Bank grants $186m to finance ministry

AFGHAN

KABUL: The Ministry of Finance (MoF) on Monday announced that the World Bank (WB) has announced a $186 million USD incentive package as part of the bank’s three year program to encourage reforms and fight corruption. MoF spokesman Ajmal Hamid Abdul Rahimzai said the money would be allocated to a number of major projects in the country. Meanwhile, economic commentators ... Read More »

ACAA’s new chief plans to usher in major changes

AFGHAN

KABUL: The Afghanistan Civil Aviation Authority (ACAA) said on Sunday that within the next six weeks a standard flight radar system will be installed at the Hamid Karzai International airport. In addition, a new airport terminal is planned – which will accommodate more than 10 million people a year, said the ACAA chief, adding that plans were also in the ... Read More »

Govt slammed for spending less development budget

AFGHAN

KABUL: Members of the Wolesi Jirga (Lower House of Parliament) on Saturday summoned the finance and economy ministers as well as the National Procurement Authority officials to discuss government’s development projects and the uplift budget spending issues in the first sixth months of this fiscal year. The finance minister Eklil Hakimi said government has spent 15 percent of its development ... Read More »

Private sector suffers millions in losses due to market closures

AFGHAN

KABUL: A week after the deadly truck bombing in Kabul and amid ongoing demonstrations, the Afghanistan Chamber of Commerce and Industries (ACCI) said on Thursday that the private sector has sustained losses amounting to about $2 million USD a day over the past week due to the current situation. Numerous roads in Kabul city have been closed off in the ... Read More »

Roshan Telecoms suffers enormous loss

AFGHAN

KABUL: The management at Roshan Telecommunications Company in Kabul said on Monday the company lost a staggering number of employees in Wednesday’s truck bombing. According to them, more than 30 members of staff and staff from their partner companies were killed in the explosion.  In addition over 50 were wounded. Sharif Sharifi, Roshan’s head of public relations, said some of ... Read More »

Afghanistan, Tajikistan wrap up economic cooperation meeting

AFGHAN

KABUL: The minister of economy Abdul Sattar Murad has said that Tajikistan is willing to expand investments in Afghanistan’s power projects and railway links. “Afghanistan and Tajikistan are two important and allied countries in the region, therefore we are trying to expand joint investments between Afghanistan and Tajikistan in various fields such as railways and road projects and water dams,” ... Read More »

Private sector suffers millions in losses after truck bombing

AFGHAN

KABUL: The Afghanistan Chamber of Commerce and Industries (ACCI) on Wednesday said that the private sector in the country suffered nearly $10 million USD in damages following the deadly truck bombing in Kabul on Wednesday. The explosion killed over 80 people and wounded hundreds more. The ACCI said that extensive damage was caused to countless houses and buildings in a ... Read More »

Iraq, Afghanistan: U.S. $6t bill for America’s longest war unpaid

AFGHANIS

KABUL: The enormous figure reflects not just the cost of fighting – like guns, trucks and fuel – but also the long-term cost of providing medical care and disability compensation for decades beyond the end of the conflict. Consider the fact that benefits for World War I veterans didn’t peak until 1969. For World War II veterans, the peak came ... Read More »

Afghanistan-Tajikistan wrap up economic cooperation meeting

AFGHAN

KABUL: The minister of economy Abdul Sattar Murad has said that Tajikistan is willing to expand investments in Afghanistan’s power projects and railway links. “Afghanistan and Tajikistan are two important and allied countries in the region, therefore we are trying to expand joint investments between Afghanistan and Tajikistan in various fields such as railways and road projects and water dams,” ... Read More »

Trade volume between Afghanistan, Tajikistan doubles

AFGHAN

KABUL: Tajikistan’s Minister of Transport Khudoyorzoda Khudoyor, on Friday signed trade and economic agreements with Afghanistan during a two-day visit to the country. Khudoyor had been in Kabul this week for an Economic and Trade Cooperation meeting in Kabul. The Tajik minister said that in the past three months Afghanistan and Tajikistan’s trade and transit relations have increased substantially, resulting ... Read More »

First leather industry starts work to curb imports worth $350m

AFGHAN

KABUL: The first leader production firm started work in western Herat province of Afghanistan with an aim to curb import of leather products from outside the country worth almost $350 million on annual basis. The factory was inaugurated on Tuesday in the presence of the provincial governor Mohammad Asif Rahimi in Herat Industrial park. The factory has been built with ... Read More »

ACCI lays down conditions for Pakistani exporters

AFGHAN

KABUL: Pakistani businessmen have suggested to the Afghanistan Chamber of Commerce and Industries (ACCI) that they will provide  high quality, fortified foods at reasonable prices if Afghan traders start importing their goods once again, said the ACCI deputy head Khanjan Alokozay. He said Afghan businessmen have in the past few months found alternative markets and have cut back on imports ... Read More »

Kabul, Kuala Lumpur wrap up first trade conference

AFGHAN

KABUL: Afghanistan and Malaysia convened their first trade conference in Kuala Lumpur this week to discuss ways to enhance bilateral economic and commercial relations  and to find solutions to issues facing business communities in both countries. According to Afghanistan Chamber of Commerce and Industries (ACCI), a memorandum of understanding (MoU) was also signed between the two countries to pave the ... Read More »

Mof adds 5.2b AFS to this year’s national budget

AFGHAN

KABUL: In a recent cabinet meeting, government accepted to add 5.2 billion AFs to the national budget of the current fiscal year in order to address the needs of the Defense Ministry and a number of other government institutions, the Ministry of Finance (MoF) said on Saturday. The Finance Ministry spokesman Ajmal Hamid Abdul Rahimzai said that despite an increase ... Read More »

China, Afghanistan sign agreement on customs cooperation

agreementasigns

BEIJING: Director General for customs department at the ministry of finance Ahmad Reshad Popal, and China’s minister of general administration of custom, Yu Guangzhou, signed an agreement for customs cooperation at the sidelines of the “One Belt, One Road’ economic cooperation forum in Beijing, said a statement issued by Finance Ministry. #Afghanistan and #China will work together on simplifying custom ... Read More »

Mof adds 5.2b AFS to this year’s national budget

AFGHAN

KABUL: In a recent cabinet meeting, government accepted to add 5.2 billion AFs to the national budget of the current fiscal year in order to address the needs of the Defense Ministry and a number of other government institutions, the Ministry of Finance (MoF) said on Saturday. The Finance Ministry spokesman Ajmal Hamid Abdul Rahimzai said that despite an increase ... Read More »