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This Eid it will be Salman Khan VS Shahrukh Khan

(Bollywood celebden) Salman Khan and Shahrukh Khan are all set to lock horns this Eid! Eid has always been an auspicious occasion for our Sallu Bhai to release his movies. Now rumour has it that Shahrukh Khan wants to release his Chennai

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Center for religious studies opened in Nangarhar

Afghan Senator Lotfullah Baba opened a religious center worth 15mn AFN in eastern Nangarhar province. The objective behind the establishment of the religious center is to provide religious education opportunities to those Afghan children who are sent to Pakistan to

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Gold rates plunge, dollar down against afghani

Pajhwok Afghan News Weekly Price Report: The prices of gold fell and that of diesel jumped in Kabul markets during the outgoing week, when rates of other daily-use commodities stayed stable, retailers sad on Thursday. One litre of diesel was

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Afghan government revenue goes up

The Ministry of Finance’s General Revenues Department reported an increase in the government revenue for the first nine months of the current fiscal year (22 March 2012-21 March 2013). The revenue is currently standing at 11bn AFN, equivalent to USD

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Attorney General does not accept Kabul Bank’s special court verdict

The Attorney General’s Office does not agree with the verdict of the special tribunal on the Kabul Bank crisis, saying that the punishment was too soft. “We will ask for an appeal, as we concluded that the verdict issued by

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Zabul promises to halt poppy cultivation

Zabul residents pledged that they would stop the cultivation of poppy, calling it un-Islamic and illegal. In return, they urged the government to provide them with work opportunities, particularly for the young people in Afghanistan. The residents cited unemployment as

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Ready to support Afghanistan through 2014 transition and beyond-World Bank

The World Bank Group is strongly committed to helping the people of Afghanistan by promoting growth and reducing poverty during and beyond the withdrawal of Western security forces in 2014, World Bank Group President Jim Yong Kim said. Making his first

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Japan to finance 28 development projects in Afghanistan

Twenty eight development projects will be implemented through the Grant Assistance for Grassroots Program (GAGP) with financial collaboration from Japan in six provinces. The agreement to this effect was signed between the Japanese Embassy and 19 non-governmental organizations on Sunday.

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WB funds the New Market Development Program in Afghanistan

The World Bank had pledged USD 22mn in aid to the Afghan government for the development of Afghanistan’s market system through the New Market Development Program. The development objective of the New Market Development Project is to help in the

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Germany pledges 69 Million Euros for power production in northern Afghanistan

The German development bank Kreditanstalt für Wiederaufbau (KFW) signed an agreement worth Euros 69 million with the Ministry of Water and Energy for power production projects in northern Afghanistan. The KFW in-charge said 27 million Euros would be spent for

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America donates USD 249mn despite the recent rift between Kabul and Washington

The US has pledged USD 249mn to the Afghan government for enhancing counter-narcotics effort, strengthening good governance and facilitating crime investigation. An agreement to the effect was signed on Wednesday between Deputy Foreign Affairs Minister Jawid Ludin and Coordinator Director

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Afghanistan to gain accession to WTO by 2014

Afghanistan might complete its accession process and gain membership to the World Trade Organization (WTO) by 2014, said officials. The country obtained the status of a representative in the Organization in 2004, when it first applied for membership. The membership

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“Afghan government was negligent about the TAPI project”

A number of political and economic pundits believe that the agreement over the gas pipeline between Iran and Pakistan will prove to be detrimental to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project. Iran and Pakistan recently launched work on the construction of a

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Increases in security lead to development programs in Baraki Barak District

LOGAR PROVINCE, Afghanistan – Baraki Barak District Governor, Eng. Mohammad Rahim Amin, and the Director of Agriculture, Irrigation, and Livestock (DAIL), Mohammad Shah, provided an agriculture vocational seminar for the local farmers of Baraki Barak district, Logar province, March 7.

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EU unveils new air passenger rights

New rights for airline passengers have been unveiled by the European Commission. They include rerouting travelers with rival carriers if a flight is delayed for more than 12 hours. The rules also clarify what are considered exceptional circumstances for compensation.

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Afghanistan’s economy to dwindle post 2014- Senior US Official

The Director of National Intelligence (DNI) James R Clapper said the Afghan economy is likely to shrink after the withdrawal of foreign forces, which is scheduled for the year 2014. According to Mr. Clapper, the Taliban remain to be a

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Corruption-a major challenge ahead of Afghanistan’s economic growth

Afghan traders have once again expressed their hopelessness in the continuity of investment in Afghanistan. They have cited corruption as a major challenge ahead of investments and economic growth in Afghanistan. According to the traders, Afghanistan’s endemic corruption, bureaucratic management,

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300-Bed hospital opened for drug addicts in Kabul

A newly built 300-bed hospital to treat drug addicts was inaugurated in south Kabul’s Jangalak area by the Second Vice President Mohammad Karim Khalili on Tuesday. Mr. Khalili called on the judicial branch to prosecute drug smugglers in order for

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Reconstruction of Proje Awal Taimani road in the 4th district of Kabul begins

The 8.3km road in district four of Kabul city is going to be reconstructed, said Kabul Municipality officials. Kabul city’s Municipal Mohammad Younus Nawandish said the 67mn AFN project is funded by the Municipality and local residents. According to Mr.

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Government increases security measures on major highways leading to Mazar-e-Sharif

Police force in Baghlan and Samangan provinces has adopted security measures on the highways leading to Mazar-e-Sharif, where many Afghans travel for the celebration of Nawroz (New Year). Checkpoints in several parts of the highways have been set up. With

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Central bank sells USD 21mn to Afghan money exchangers

According to Sarai Shahzada, the central bank of Afghanistan (Da Afghanistan Bank-DAB) sold USD 21mn to Afghan money exchangers on 12 March 2013. The amount was sold at an exchange rate between 53.701 and 53.73. Sarai Shahzada is Afghanistan’s largest

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Fire insurance coverage for companies is mandatory-Afghan Ministry of Finance

The Ministry of Finance has announced that businesses and foreign organizations without fire insurance coverage would not receive a license to operate in Afghanistan. Fire insurance has been made mandatory on all local and foreign companies and businesses. “All organizations,

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New buildings for Khost’s government entities

Governor Abduljabar Naimi inaugurated five newly constructed buildings for the cultural, mines, census, postal and communications directorates of Khost. The aforementioned entities previously operated in rented buildings that lacked the required facilities, which resulted in slowing down their activities. According

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Women’s handicrafts are exhibited in Kunar province

Kunar’s governor opened a three-day exhibition of handicrafts made by Afghan women in Kunar, Nangarhar, Kabul and Parwan provinces. The exhibition in Kunar’s capial Asadabad is aimed at finding market for the handicrafts and boosting their sales. Governor Syed Fazlullah

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Afghanistan Security & Stability Summit

Important announcement: This Summit never took place and the Countrywide Investment Summit no longer operates. CWI Summits, in partnership with the Afghanistan Chamber of Commerce & Industries (ACCI), are proud to announce its inaugural Afghanistan Security & Stability Summit being

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