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Afghanistan to grow at a rate of 6.5% in 2013

According to the Asian Development Bank’s latest report, Afghanistan is predicted to grow at a rate of 6.5%. The Asian Development Bank (ADB) releases technical reports on the economic growth assessment of Afghanistan twice a year. The growth rate for

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Italy gives its assurance for supporting Afghanistan beyond 2014

Italy’s Prime Minister said his country not abandon Afghanistan post-2014. Just as Afghanistan is sanguine about its betterment after 2014, Italy’s Prime Minister also expressed his optimism about Afghanistan’s development and progress after the withdrawal of foreign troops. Mario Monti

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Afghan traders face hurdles from Iran and Pakistan

Afghanistan Chamber of Commerce and Industries (ACCI) says that Pakistan does not act in accordance to the latest transit agreement signed between the two nations. Although Ministry of Commerce and Industries speaks of 70% of the problems resolved between Kabul

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Burma offering flexibility to foreign investors

Burma’s President, Thein Sein, has approved an investment bill that removes a 50% cap on foreign holdings, according to reports. Burma, also known as Myanmar, was once an isolated state from the rest of the world with an appalling human

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Apple next in the list of low overseas tax payers

Apple is reported to have paid less than 2% corporation tax on its profits outside the US. It is the latest in the list of companies, including Starbucks, Facebook and Google, that have paid the lowest overseas tax, having paid

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Abdul Ghafar Dawi has not yet returned Kabul Bank loans-Hameedullah Mohebbi

Head of the Kabul Bank Receivership Department, Hameedullah Mohebbi, said Abdul Ghafar Dawi, ower of the Dawi Oil Corp, has not yet returned a loan of worth about USD 40mn to Kabul Bank. Mr. Mohebbi called on Abdul Ghafar Dawi

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Oil extraction begins in Amu River in northern Afghanistan

The China National Petroleum Corporation begins extracting oil from the Amur River basin in northern Afghanistan. The firm won the 25-year contract for oil extraction last year, covering drilling and a planned refinery in the northern provinces of Faryab and

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Kunduz to have its first commercial town

Work on a commercial town, providing residential houses and business plazas, was inaugurated in the Sher Khan dry port in northern Kunduz province, near the border with Tajikistan. Speaking at the inaugural event, Minister of Commerce and Industries Anwarul Haq

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