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Kazakhstan ready to build oil refinery in Herat

Local officials from Herat have announced that the government of Kazakhstan is ready to build oil refineries in the Terpul region of the district of Kohsan in Herat. Herat’s Governor Dr. Daud Shah Saba said that several countries have expressed

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Iran-Afghanistan to build oil pipeline

According to Iran’s news agency of Press TV, the Iranian deputy oil minister said Iran and Afghanistan have agreed to build a pipeline to help facilitate the exports of Iran’s oil products to its eastern neighbor. Ali Reza Zeighami, managing

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Canadians launch a survey of gas reserves in Herat

Canadian experts along with their Afghan counterparts have launched a survey to identify the extent of fuel reserves in northern parts of western Herat province. The reserves were discovered in Kashk-e-Kohna, Rabat Sangi and Gulran district, bordering Turkmenistan and Iran.

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Hostel for agricultural high school built in Logar province

With a capacity of housing for 280 students, a hostel is built for an agricultural high school in the central province of Logar. Costing USD 550,000 the building is funded by the Czech Provincial Reconstruction Team. The building is constructed

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Agriculture Education Center opens in Kabul

Funded by the Dutch government, the National Agriculture Education Center was inaugurated by the Minister of Education, Ghulam Farooq Wardak on Tuesday. The Center would provide a highly professional group of teachers with up-to-date knowledge and skills relevant to farmers,

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No major financial crisis in Afghanistan post 2014- Minister Zakhilwal

Speaking at the House of Representatives on Tuesday, Finance Minister Hazrat Omar Zakhilwal assured the legislators that Afghanistan will not face a major financial crisis after 2014, when many of the foreign troops withdraw from the country. There have been

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Afghan budget for next year presented to the Senate

The draft for next year’s budget, with a total outlay of 366.2bn AFN, was submitted to the Senate for debate on Tuesday. According to the Constitution, the state budget and development plan of the government are submitted through the Meshrano

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Karzai to sign five pacts with Indonesia

By Ahmadshah Ghanizada-Afghan President Hamid Karzai accompanied by high level government officials on Wednesday left for Indonesia to attend the fifth Bali Democracy Forum. Presidential Palace media office following a statement announced, “President Karzai will meet with the Indonesian president

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Residents complain about the quality of the newly built road in Helmand

Residents and officials complained that the 22km road linking Lashkargah with Nawa district in southern Helmand province is constructed with using substandard materials. Costing USD 7.5mn, the road is funded by the United States Agency for International Development (USAID). Director

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Ahmadinejad’s opponents criticize him for his actions in economic crisis

Mahmoud Ahmadinejad’s conservative opponents, who hold 290 seats in the parliaments, have severely criticized Ahmadinejad’s handling of the economic crisis. They have blamed for his management amid sanctions on Iran for its controversial nuclear program. Economic problems, fall of Rial

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Industrial park to be built for Kabul pharmaceutical factories

Head of Pharmaceutical Affairs at the Ministry of Public Health, Abdulhafiz Quraishi, announced the ministry will build a pharmaceutical industrial park to meet the demands of the pharmaceutical industries. The industry representatives had complained to the government about the lack

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Reasons for the rising dollar in Afghanistan

The exit of international forces from Afghanistan and the tightening of sanctions against Iran from the West are the main reasons for the rising price of American dollar in Afghanistan. In addition, Kabul Money Exchange Union considers the lack of

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Iranians causing hindrance to Afghanistan’s Salma Dam project

Residents of Chesht district in Herat claim that Iranians hamper the Salma Dam project by bribing the Indians who are in charge of the project. These claims come as the project has remained incomplete since the past six years. These

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India & Afghanistan to sign 4 pacts

President Hamid Karzai has planned a four-day trip to India where the leaders of the two nations are expected to sign four agreements including one in the mining sector. India-educated Karzai will interact with top Indian businessmen during his visit

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India & Afghanistan to sign 4 pacts

President Hamid Karzai has planned a four-day trip to India where the leaders of the two nations are expected to sign four agreements including one in the mining sector. India-educated Karzai will interact with top Indian businessmen during his visit

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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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Uncertainty about Sharp’s survival in the long run

The falling sales and a rising yen have pushed Japan’s Sharp to an edge. The company has issued a warning about its survival in the long, as its credit rating has been cut to a “junk” status. A “junk” status

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Juhi Chawla’s younger sister passes away

Juhi Chawla tweeted about her sister taking her last breaths. Her younger sister, Sonia Chawla, passed away after succumbing to cancer. “She was pretty and had cute dimples,” tweeted Juhi. She fought cancer for five years before giving in to

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