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Afghanistan Government Reduces Internet Prices By 37%


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

Iran goods

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

Afghan refugees Pakistan

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


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

19-Jawza98-JAL3 (1)

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


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


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


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


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


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


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 »

US, Russia, China call for pulling out troops from Afghanistan


Representatives of China, Russia and the United States have reached a consensus and mutually called for an orderly and responsible withdrawal of foreign troops from war-torn Afghanistan as part of the inclusive Afghan-led and Afghan-owned peace process. In a joint statement released by the US Department of State on Friday regarding the recently held trilateral meeting in Moscow (April 25) ... Read More »

Afghanistan Opens New Mining Areas To Int’l Investment


In a keynote address at the Afghanistan Mining Investment Forum convened by INVEST, a global initiative of the US Agency for International Development (USAID) to mobilize private investment in partner countries, Afghan Minister of Mines and Petroleum Nargis Nehan announced 43 new large and small-scale mining projects available for private sector investment and development. The projects span a number of ... Read More »

Minister Vows To Increase Afghanistan’s Exports

Ajmal Ahmadi Minister

As part of the Afghan government’s accountability assessment, some cabinet ministers at a ceremony in Kabul on Wednesday briefed media about their activities of the last year. Acting Minister of Industry and Commerce, Ajmal Ahmadi, said Afghanistan’s exports will exceed $1.5 billion next year while according to him, it was at least $900 million this year. “We have focused our ... Read More »

Afghanistan, Belarus Sign Bilateral Trade Agreement


An MoU on bilateral trade and economic cooperation was signed between senior officials from Afghanistan and Belarus. “The Republic of Belarus is ready to cooperate with Afghanistan in areas of export of machinery, agriculture, joint investments and expansion of trade relations,” said Pavel Utiupin, the Minister of Economy of Belarus, at the signing ceremony. Afghan Economy Minister Mustafa Mastoor said ... Read More »

ADB Predicts Afghan Economic Growth 2.5% This Year


A new report released by the Asian Development Bank (ADB) shows that Afghanistan’s economic growth will be around 2.5 percent during the current year. The ADB report shows that Afghanistan’s economic growth will be three percent in 2020. “Our outlook for 2019 is that economic growth will grow from 2.2 in 2018 to 2.5 percent. We expect the improved economic ... Read More »

Pakistan’s cement exports to Afghanistan decline


Pakistan ’s cement exports to Afghanistan fell to 24 percent this year from more than 54 percent in 2007, a media report says. The decline was linked to Kabul ’s decision on opening its doors to other countries. Read More »

‘UK tax fraudsters funded Al-Qaeda in Pakistan, Afghanistan’


A British Asian gang of fraudsters may have been involved in misusing billions of pounds of British tax-payers money to fund terrorist networks in Pakistan and Afghanistan, claims a UK media investigation based on police and intelligence files. The gang, based in London, Buckinghamshire, Birmingham, north-west England and Scotland, is alleged to have sent 1 per cent of its gains ... Read More »

Govt To Seek Major Loans From IMF To Fund Key Projects


The Afghan government is drafting plans to seek some major loans from the International Monetary Fund to finance some of the country’s important projects, President Ashraf Ghani acknowledged at a ceremony on Saturday evening. Ghani said the international assistance to Afghanistan is only a source, but he clarified that the aid will “never” take the country to lasting prosperity. The ... Read More »