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USD 65m grant for promoting Afghan agriculture

A budget of USD 65mn is allocated for promoting agriculture in Afghanistan.  Afghanistan’s Ministry of Agriculture and Livestock will pay around USD 40mn from its own budget, while the remaining USD 25mn will be paid by the United States Agency

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Insurance Services and its Problems in Afghanistan

Despite the presence of four insurance companies in Afghanistan, individual insurance coverage is yet not available in Afghanistan and majority of people’s property are not indemnified. The culture of insurance is not as widespread among the general public. The insurance

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India’s economy grows at 5.5%, more than expected

India’s economy grew faster than expected in the April to June period. Most analysts had forecast a rate of 5.2%. The grow rate eases some fears about a sharp slowdown in Asia’s third-largest economy. The country’s economy however needs further

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Asphalting of roads in Herat Province

Asphalting of Road 2 of Guzarah District and Pashtoon Zarghoon District began on Wednesday. The project costs more than USD 11mn, which is funded by the national government. According to Herat’s governor Daud Saba, this is the first road, connecting

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US Fed hinting at QE3

US Fed chief Ben Bernanke has said that the Fed would take further measures to boost the economy. The measures may include pumping more money into the economy, a measure known as the Quantitative Easing (QE). The US central bank

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18,002,000 jobless in Eurozone

Eurozone unemployment hits a record high, with 88,000 more people added to the jobless total, totaling in 18,002,000 jobless. The record is the highest since 1995. Spaniards face the highest unemployment rate in the Eurozone at 25.1%. The lowest rate

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