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Pine Nut Products To Increase By 10 Percent This Year

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The Ministry of Agriculture, Irrigation and Livestock (MAIL) has predicted that Afghan farmers will collect up to 24,000 tons of pine nuts this year, which will be 10 percent higher than last year. Pine nuts, a prominent Afghan export, are shipped mostly to China and the UAE. Back in February, an Afghan investor put up $5 million to make a ... Read More »

Third Annual India-Afghanistan Trade Show Kicks Off in New Delhi

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The third annual Passage to Prosperity: India-Afghanistan International Trade and Investment Show was officially inaugurated by U.S. Ambassador to Afghanistan John R. Bass and representatives of the Indian and Afghan governments and private sector in New Delhi on Tuesday. The U.S. Agency for International Development (USAID) sponsors the annual exhibition of premier Afghan products to stimulate India-Afghanistan trade and facilitate ... Read More »

$348m ADB grant signed to expand Kandahar’s Dahla Dam

توافق نامه بانک انکشاف آسيايى

KABUL: Afghanistan and the Asian Development Bank (ADB) on Wednesday signed a $348.78 million grant to help in the development of water resources in southern Kandahar province through the expansion of Dahla Dam, the country’s second… Read More »

SAARC Development Fund Disburses $13mn For Purchase of Drukair ATR 42-600

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The SAARC Development Fund (SDF) disbursed loan amount USD 13 million to Drukair Corporation Limited for the purchase of Drukair ATR aircraft. This is following the agreement signed between the Ministry of Finance, Royal Government of Bhutan, SDF and Drukair on 13 August 2019. Documents were signed by the Finance Minister of Bhutan, Lyonpo Namgay Tshering, CEO of SAARC Development ... Read More »

Afghanistan Exports Talc to China For First Time Via Hairatan Railroad

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Afghanistan exported 1100 tons of talc to China for the first time from Mazar-e-Sharif through the Hairatan railroad. The goods will arrive in China, crossing Uzbekistan and Kazakhstan, in the next 12 days in 41 wagons, according to Afghan Transport Minister Yama Yari. “The Hairatan port is the start of a new trade season between China and Afghanistan. It has ... Read More »

Tackling Corruption in Mining: Gov’t Signs Agreement with Afghan-German Cooperation

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Acting Minister of Mines and Petroleum, Nargis Nehan, signed the implementation agreement for the next phase of the program for promoting good governance in Afghanistan’s extractive sector. The project aims at increasing state revenues, promoting investment and curbing corruption in the sector. 33 representatives from the German Cooperation and the Ministry of Mines and Petroleum (MoMP) including 7 women attended ... Read More »

Drug Smuggling Hits Afghan Exports to India

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KABUL – The seizure of drugs concealed in commercial consignments from Afghanistan to India has created problems for Afghan traders. Indian police captured several drug smugglers, including two Afghans — this last July, for trafficking heroin worth billions of rupees to that country. Afghan traders say their goods were thoroughly searched before their entry into India and the time-consuming process ... Read More »

Iran & Afghanistan Discuss Energy Ties

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A delegate from Iran’s Energy Ministry arrived in Kabul on August 17th to talk with Afghan officials about the future of energy ties between Iran and Afghanistan. Deputy Energy Minister for Electricity of Iran Homayoun Haeri led the delegation and will hold separate meetings with the officials of the Ministry of Energy and Water of Afghanistan to increase trade between ... Read More »

Afghanistan Government Reduces Internet Prices By 37%

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Minister of Telecommunication and Information Technology, Mohammad Fahim Hashemi, stated that all internet service providers purchasing internet by the national internet provider Afghan-Telecom will be receiving 1MB of internet for $60, while it was close to $100 in the past. The Ministry has announced a 37.5% reduction in internet costs across the country. Ajmal Ayan, head of Afghan Telecom, promised ... Read More »

Iran Exports Value To Afghanistan, Pakistan At Over $5b

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Iranian Deputy Foreign Minister for Economic Affairs Gholamreza Ansari put his country’s current exports value to eastern neighboring countries at over five to six billion dollars, Iranian Mehr News Agency reported. He made the remarks on the sidelines of the meeting of Foreign Relations Coordination Headquarters, held in the presence of representatives of the Foreign Ministry and Iranian ambassadors in ... Read More »

Afghan Returnees Face Economic Difficulties, Unemployment: Report

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Afghan refugees who returned to Afghanistan between 2014 and 2017 tend to be worse off financially and face multiple economic difficulties compared to refugees who stayed in Pakistan, the World Bank and UNHCR in Afghanistan said in a new report released on Sunday. The report entitled “Living Conditions and Settlement Decisions of Recent Afghan Returnees” is the first joint report ... Read More »

Afghans Lose ‘Hundreds Of Millions Of Dollars’ In Forex Trading

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The statistics show that “billions of dollars” have been taken out of Afghanistan under the pretext of forex trading during this period. Forex, which market is a virtual trading place where dealers buy and sell currencies initially made its way among the Afghan money exchangers and the business community in an unfair way and soon it was expanded among the ... Read More »

Dollar smuggling abroad behind weakening afghani: DAB

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KABUL: Central bank Da Afghanistan Bank (DAB) has cited smuggling of US dollars from Afghanistan abroad as the reason behind devaluating Afghan currency. One US dollar was accounted for 75.6 afghanis on March 24, the beginning of the new solar year, compared to 79.70 afghanis today. The Meshrano Jirga or Senate summoned DAB head Khalil Seddiq, deputy customs head and ... Read More »

India To Provide $80M For Afghan Projects: Official

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In order to ensure the effectiveness of development projects on lives of the local population, the Indian government has pledged $80 million in aid to the Afghan government to help implement the projects within the framework of balanced development strategy. An agreement for the aid package will be signed between the two countries next month, according to the Afghan Ministry ... Read More »

Afghani loses 7pc value against dollar since March

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KABUL: The afghani lost its seven percent value against the US currency since the beginning of the new solar year as a result of the smuggling of dollars to Iran and Pakistan and a number of other reasons. Read More »

HEC approves Nangarhar talc investment plan

ننګرهار شواڼى معادن وزارت وياند

JALALABAD: The High Economic Council (HEC) has approved the ‘Nangarhar Talc Strategy’ which would help attract $15 million investment in talc extraction and processing, the Ministry of Petroleum and Mines (MoPM) said. Read More »

Dubai passenger tries to smuggle drugs in stomach

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A 23-year-old man was caught at a Dubai airport trying to smuggle 1kg of crystal meth and more than 34 grams of hashish in his stomach, the Court of First Instance has heard. The Afghan man arrived at the Dubai International Airport on February 18 this year and was arrested by the customs inspectors. He has been accused of smuggling ... Read More »

India has made many important contributions to Afghanistan’s development: US

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The US on said its Special Representative for Afghan peace Zalmay Khalilzad has recognised the many important contributions India has made to Afghanistan’s development in his talks with top Indian government officials during his two-day visit here. Khalilzad held consultations with Indian government officials and other stakeholders on the Afghan peace process during his May 6-7 visit here, the US ... Read More »

Afghani down, gas, sugar prices up in Kabul

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KABUL: The prices of liquefied gas and sugar have increased while the value of the Afghani currency dipped against US dollar during the outgoing week in capital Kabul, market sources said Saturday. Mohammad Hamayon, head of Kabul Food. Read More »

Afghanistan Women Chamber of Commerce Among World Chambers Competition 2019 Finalists

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Afghanistan Women Chamber of Commerce and Industries (AWCCI) is among 16 chambers of commerce moving on to the final round of the World Chambers Competition. Representing 11 countries, the selected 16 chambers will each have the opportunity to present their innovative initiatives to the global network of chambers attending the 11th edition of the World Chambers Congress in Rio de ... Read More »