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Infrastructure projects to be implemented in 3 provinces

Under a contract signed between the Afghan Ministry of Public Works and the World Bank, infrastructure projects would be implemented in 3 provinces. The projects included a 60km road in Badakhshan, 48km road in Bamyan, 28km in Kunduz, a 68m

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China's economy is in big trouble

China will take over the world’s economy. This was quite a slogan about China chanted for a long time, as the country witnessed a tremendous growth for 3 decades in a row. The country’s economic strength existed in its abundant

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China’s economy is in big trouble

China will take over the world’s economy. This was quite a slogan about China chanted for a long time, as the country witnessed a tremendous growth for 3 decades in a row. The country’s economic strength existed in its abundant

Read More

Price of wheat jumps up in Jawzjan due to a decline in yield

Wheat price has soared in Jawzjan province due to a decline in wheat yield due to lack of rains and snowfall in the winter. According to the Pajhwok Afghan News, per seven kilograms of wheat cost 130 AFN in 2013,

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Supreme Group responds to the allegations against them

Supreme Group, suppliers of goods to NATO-led troops and various diplomatic missions in Afghanistan, was recently accused by Afghan logistic firms of defaulting on payments. In a statement from Supreme Group sentt to Wadsam-Afghan Business News Portal, Supreme Group calls

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Afghan finance minister accuses foreign media propaganda for the declining Afghani

Speaking at a press conference in Kabul on Sunday, Afghan Finance Minister Hazrat Omar Zakhilwal alleged that the foreign media painted a negative picture of Afghanistan’s economy situation after 2014—a propaganda that has resulted in the declining value of the

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Afghanistan announces new incentives for investors

By Ahmadshah Ghanizada-The government of Afghanistan on Sunday announced a new package of incentives in a bid to attract foreign investment in the country as the NATO-led coalition security forces are preparing to withdraw its combat troops from Afghanistan by

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Afghan-Indo film “A Man’s Desire for Fifth Wife” to be released soon

By Ahmadshah Ghanizada-Indian and Afghan filmmakers, directors and technicians are jointly working to make the first India-Afghanistan film in Dari language under a unique joint venture. The film titled “A Man’s Desire for Fifth Wife” is the first film to

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A possible economic downturn to follow after 2014

Afghan Commerce and Industries Minister Anwar-ul-Haq Ahadi warned that the economic development of Afghanistan would be hit hard after 2014, when the foreign forces are scheduled to withdraw from Afghanistan. This comment comes in contradiction to assurances offered by his

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New bridge linking three districts with the capital opens in Uruzgan province

A 45m long and 7m wide bridge has been built over a river in the Sarkhom area on the outskirts of Tirinkot, the capital of central Uruzgan province. The bridge links Tirinkot with three districts: Deh Rawud, Charchino and Sarab.

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Afghan U-16 Team to Face Pakistan in South Asian Championship

Afghanistan’s U-16 national football team will face Pakistan on Saturday in the South Asian Championship in Nepal. The Afghan U-16 national football team coach, Wahidullah Wahidi, said that the team has been trained well and that it is ready for

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Corruption in Kabul Municipality revealed

Why are the majority of roads in Kabul city of poor quality? Why do contractors ask for more budgets? According to a report by the Independent Media Consortium Productions (IMCP), several of the construction companies contracted for road building by

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South Korea to develop Kabul’s transport system

The South Korean government has pledged to embark on a USD 1bn project aimed at building an efficient transport system. The Afghanistan Ministry of Transport and Civil Aviation (MoTCA) officials said the project would begin after 2014. A Memorandum of

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Mafia hindering development projects in Kabul city-Mayor alleges

Kabul Mayor Mohammad Nawandesh alleged that a group of mafia were involved in impeding the execution of development projects in the capital city of Kabul. The statement was made at a ceremony marking the resumption of work on a 4.5km

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International community to support rural development after 2014, Afghan official says

Afghan Ministry of Rural Rehabilitation and Development (MRRD) Wais Ahmad Barmak told a press conference that the international community was willing to fund infrastructure development projects in Afghanistan after 2014, when the foreign troops are schedules to leave Afghanistan. The

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Afghani drops against the US dollar, fuel prices up

Pajhwok Afghan News Weekly Price Report- The Afghan currency dipped against the US dollar, as fuel prices went up and other daily-use commodities’ rates remained unchanged during the outgoing week in Kabul, retailers said on Thursday. The Afghani depreciated against the

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Afghan High Economic Council approves investment policy

The investment policy prepared by the Ministries of Finance and Commerce and Industries was approved by the High Economic Council (HEC) on Thursday. The policy is aimed at luring investors in the construction, agriculture, development, export and mining sectors of

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William Hammink Sworn In As Mission Director To Afghanistan

William Hammink was sworn in yesterday as the U.S. Agency for International Development Mission Director to Afghanistan, USAID’s largest country program in the world. Hammink will direct projects to support sustainable economic growth, good governance, and support for maintaining critical

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Muhammad Yunus

Muhammad Yunus is a Bangladeshi economist and banker who established the Grameen bank in his country in 1983. The Grameen bank and Yunus were jointly awarded the Nobel Peace Prize in 2006 “for their efforts to create economic and social

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ADB to stand by Afghanistan after 2014

The Asian Development Bank (ADB) pledged to stand by Afghanistan and commit to its economic development after 2014, when all combat troops are scheduled to withdraw from Afghanistan. ADB Country Director Joji Tokeshi said the transformation decade would be a

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Easy money tap not drying up soon in the US, says Ben Bernanke

The US central bank is nowhere close to raising interest rates, assuring markets that the easy money tap was still on, US Federal Reserve Chairman Ben Bernanke says. “I don’t think the Fed can get interest rates up very much,

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Afghan official accuses Uzbekistan of “improper attitude” towards Afghan traders

In a press conference on Tuesday, Afghan Director of Commerce Mohammad Hashim Barna alleged that Uzbekistan’s “improper attitude” towards Afghanistan has been the cause of trade barriers in northern Afghanistan. He said Afghan entrepreneurs were given bad treatment in Uzbekistan.

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Asphalting of 70km roads completed in Ghazni city

As many as 70 kilometers of roads have been asphalted in Ghazni city, while work on the asphalting of another 10km road is in the process. Ghazni Governor Mosa Khan Akbarzada said Ghazni has witnessed tremendous development projects since it

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Iran's foreign trade sees tremendous growth despite tight sanctions

Iran’s Trade Development Organization has set its foreign trade target at USD 59bn for the current Iranian Calendar year (ending March 2014). Deputy Head of Iran’s Trade Promotion Organization (TPO) Kiomars Fathullah Kermanshahi announced last week that the value of

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Iran’s foreign trade sees tremendous growth despite tight sanctions

Iran’s Trade Development Organization has set its foreign trade target at USD 59bn for the current Iranian Calendar year (ending March 2014). Deputy Head of Iran’s Trade Promotion Organization (TPO) Kiomars Fathullah Kermanshahi announced last week that the value of

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