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SAARC to open a branch in Afghanistan

South Asian Association for Regional Cooperation (SAARC) is considering establishing their representative in Afghanistan. Ahmad Salim, Secretary General for SAARC in Kabul, in his meeting with Hamid Karzai proposed the establishment of a branch in Kabul on behalf of the

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South Korea Announces Fresh Stimulus To Boost Growth

South  Korea has unveiled its second stimulus plan in four days, in an attempt to revive its economy. On Monday, a $5.2 bn package was announced, which included tax rebates to boost domestic demand. Today’s announcement involves plans for the

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Taliban generated USD 400mn in revenue last year

According to a report by UN Sanctions experts, Taliban raised about USD 400mn in the year that ended in March 2012. The main sources of the revenue were donations, taxes on Afghanistan’s poppy cultivation and extortion from narcotics dealers and

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EU working on new sanctions against Iran

British Foreign Secretary William Hague stated that European Union is putting together a new set of sanctions to increase pressure on Iran to halt its nuclear program. “We are working on those sanctions … quite urgently and I hope we

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Afghan government’s 16 major development programs in progress

Modern transportation system, access to power, preparation for private investment, efficient use of resources and delivery of services to citizens form the most important development programs of the Afghan government. Public Affairs Minister Najibullah Awzhan, speaking on Wednesday at a

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India’s industrial output flat in July

India’s manufacturing at factories, mines and utilities rose by 0.1%, which still remains below expectations of growth of 0.3%. The figure, however, is a far better performance that last month’s shrinkage of 1.8% in June. The country’s economic growth rate

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Apple Unveils New iPhone 5

In the event dubbed as the “largest consumer electronics launch in history”, Apple has unveiled a new iPhone that is bigger, faster, thinner and 4G capable. Apple launched its newest smartphone in San Francisco on Wednesday, the iPhone 5, showing

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