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New Kabul Bank running in a loss

According to Ministry of Finance (MoF) officials, the New Kabul Bank is running in a loss since the past 4 years. Director of the treasury at the MoF, Mohammad Aqa Kohistani, the New Kabul Bank has faced a loss of

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Afghanistan imports 98% of its medicines

Afghanistan, Pakistan and Iran have held for the first time ever a health exhibition. Addressing the exhibition, Executive Chief of the Afghan Chamber of Commerce and Industries, Mohammad Qurban Haqjo, said Afghanistan imports about 98% of its medical needs. He

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Residents and provincial council support Afghan-Pak joint dam construction on Kunar River

Provincial council members and residents of eastern Kunar province have expressed willingness to support the joint hydropower dam project proposed by Afghanistan and Pakistan on the Kunar River. Afghan Finance Minister Dr. Hazrat Omar Zakhilwal and his Pakistani counterpart Minister

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Afghanistan qualifies for semi-finals of SAFF championship after defeating Sri Lanka 3-1

The Afghan football team qualified for the semi-finals of the 2013 South Asian Football Federation (SAFF) Championship in Nepal on Wednesday after defeating Sri Lanka 3-1. Afghanistan is scheduled to face its last Group B opponent, the Maldives, on Friday.

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An Afghan female employee steals USD 1 million from Azizi Bank and escapes

An Afghan female employee transferred USD 1.1mn from Azizi Bank and has left Afghanistan. According to reports, the employee has transferred the amount to a relative’s bank account outside of Afghanistan and has escaped from the country together with her

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Privatization process of New Kabul Bank re-launched

Afghan Ministry of Finance has re-launched the privatization process of the New Kabul Bank. Mohammad Aqa Kohistani, director of treasury at the Ministry, promised a transparent bidding process for the privatization of the bank. National and international investors are expected

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Afghan Taekwondo team bags 2 bronze medals

Afghanistan’s National Taekwondo Team won two bronze medals at the Polish Open-Warsaw Cup 2013 on Monday in Warsaw, Poland. Ahmad Nawid Zahir and Fraidoon Amiri won the third place medals after each winning three matches and losing one. Players from

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Russia, Afghanistan to strengthen economic ties

Afghanistan and Russia signed a memorandum of understanding (MoU) at their 2nd Joint Economic Commission (JEC) meeting on Tuesday,  aimed at fostering economic links and cooperation. The Afghan delegation was led by Afghan Economy Minister Abdul Hadi Arghandiwal. As part

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10% increase in Afghanistan’s vegetable and fruit exports

Afghanistan Export Promotion Agency has reported a 10% increase in Afghanistan’s fruits and vegetables export during the first six months of the current fiscal year. Sayed Azim Mustafa Hashemi, Head of the Agency, attributed the boost in exports to suitable

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Azerbaijan to participate in the development of Afghanistan’s ICT sector

Afghan delegation headed by Barialai Hassam, Deputy Minister of Communications and Information Technologies, visited Azerbaijan to discuss the country’s potential involvement in the development of Afghanistan’s Information and Communication Technology. As a result of the visit, a Working Group consisting

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Afghan Mines Minister heads off to Azerbaijan

Afghan Mines Minister Waheedullah Shahrani has headed off to Azerbaijan to meet with the Minister of Industries and Energy. The parties will discuss possible investment opportunities in the petroleum and mines sector of Afghanistan. Shahrani’s visit comes after a delegation

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Kunduz produces 70% more grapes this year

Grape production in Kunduz has increased from last year’s 1,400 kilograms to 2,170 kilograms this year, showing 70% increase. The agriculture department attributed the higher yield to availability of facilities such as medicine, orchard establishment on scientific lines and training

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Gareth Bale to line up alongside Cristiano Ronaldo

Following his word record 85.3m pounds from Tottenham, Gareth Bale has joined Real Madrid. The forward player was welcomed by thousands of fans at the Bernabeu Stadium, where Real fans were chanting Bale’s name and waving scarves. Bale, who scored

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A comprehensive healthcare center opened in Kabul

A comprehensive healthcare center, benefiting more than 320,000 families, was inaugurated in Reshkhor area of Kabul city by Health Minister Dr. Soraya Dalil. Funded by the  US Provincial Reconstruction Team, the healthcare center is built at a cost of USD

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Agricultural projects worth USD 100mn on the cards for Helmand province

Ministry of Agriculture, Irrigation and Livestock (MoAIL) has undertaken plans for execution of agriculture and livestock projects worth USD 100mn in southern Helmand province. Distribution of saffron corms to farmers in 11 districts is part of the scheme. MoAIL’s provincial

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DABS to address Kandahar's electricity problems

Da Afghanistan Breshna Sherkat (DABS) has sent a delegation to southern Kandahar province to discuss power problems in the province. The province currently has 20 MW of electricity and is need of 20 more MW to meet the needs of

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DABS to address Kandahar’s electricity problems

Da Afghanistan Breshna Sherkat (DABS) has sent a delegation to southern Kandahar province to discuss power problems in the province. The province currently has 20 MW of electricity and is need of 20 more MW to meet the needs of

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Afghan artists ranked first at the Eastern Music Festival

Afghan artists obtained the first position among participants from 54 other countries in the Eastern Music Festival that is held every where in Samarqand, Uzbekistan. The participants included artists from Afghanistan, Maldives, Lithuania, Iran, Greece, Italy, Tajikistan, Indonesia, China, Kuwait,

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DABS disconnects power supply of powerful, high-profile Afghan officials

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s electricity company, has disconnected the power supply of some of the high-rank officials who have not paid their electricity bills. According to a statement from DABS, 400 individuals have not remitted their electricity bills

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Afghanistan seals a 3-0 win against Bhutan in SAFF opening match

The Afghan National Football Team defeated Bhutan 3-0 in its first match of the 2013 South Asian Football Federation (SAFF) Cup on Monday evening in Kathmandu, Nepal. Haroon Fakhruddin (#12) scored the first goal for Afghanistan in the ’37 minute

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Afghanistan vs Nepal in tomorrow's South Asian Cup match

The Afghan National Football Team will face Bhutan on Monday in the South Asian Football Federation Gold Cup (SAFF) held in Nepal. The match will be broadcasted live on TOLO and Lamar TV starting at 2:00pm Kabul time. The Afghan

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Afghanistan vs Nepal in tomorrow’s South Asian Cup match

The Afghan National Football Team will face Bhutan on Monday in the South Asian Football Federation Gold Cup (SAFF) held in Nepal. The match will be broadcasted live on TOLO and Lamar TV starting at 2:00pm Kabul time. The Afghan

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Saffron production spreads from 20 to 26 provinces across Afghanistan

Ministry of Agriculture officials have reported that saffron production has spread from 20 provinces to 26 provinces in the past year. Given the lucrative business of the expensive spice in the market, more Afghan farmers are turning into saffron production.

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Wheat production in Badghis has more than doubled this year

Adequate rainfall, absence of plant disease and distribution of improved seeds have boosted wheat yield in northwestern Badghis province. With production standing at 96,000 metric tons compared to 38,000 tons last year, this year’s production has more than doubled. Farmers,

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Breshna Sherkat to install a power substation in Nangarhar

Funded by the United States Agency for International Development (USAID), a power substation would be installed by Da Afghanistan Breshna Sherkat (DABS) in the capital of eastern Nangahar province to improve electricity supply. According to Breshna Sherkat chief for Nangarhar,

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