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Afghan runoff contenders call for immediate ratification of Anti-Money Laundering Laws

Afghan presidential candidates, Dr. Abdullah Abdullah and Ashraf Ghani, have emphasized on immediate ratification of Anti-Money Laundering and Prevention of Financing Terrorism laws. Campaigning for the June runoff election, the contenders expressed concerned about Parliament’s delay in passing the laws.

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President Karzai declares support for Afghan banks

President Hamid Karzai conferred on the challenges facing the Afghan banks at a meeting attended by concerned ministers, chairman of the Central Bank and heads of the private banks. The meeting came after China announced halting financial transactions with Afghan

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Pakistani Rupee a common alternative currency in Nangarhar markets

Owed to its proximity to Pakistan, eastern Nangarhar province serves as a major trade route between Afghanistan and Pakistan. The Pakistani Rupee is becoming a commonly used currency in Nangarhar markets where Afghanis and Rupees are simply interchangeable despite a

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Economists predict football World Cup finalists

Economists at Goldman’s Sachs have forecasted football results for the upcoming World Cup. The economists see Brazil, Argentina, Germany and Spain as the four semi-finalists. Brazil is predicted to have a 48.5% chance of Brazil lifting the cup, with a

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Afghan Lower House to vote on Anti-Money Laundering Law next week

The Afghan Lower House committees will vote on the Anti-Money Laundering and Financing Terrorism Prevention Laws next Wednesday. After approval from the Lower House, the Laws would be submitted to the Senate to decide whether or not to send it

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Afghanistan supplies its first ever domestic refined oil to the market

Afghanistan’s first ever domestic refined oil will be introduced in the market. According to Head of Afghanistan’s oil and gas companies Azrakhsh Hafizi, over 5,000 tons of oil obtained from Amu Darya basin were sent to Kam International Oil for

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Seven NSP projects completed in Baghlan Province

With a cost of more than 11,398,000 AFN 7 sub-projects of the National Solidarity Program of the Ministry of Rural Rehabilitation and Development (MRRD/NSP) were recently completed in Baghlan province and handed over to the people. The NSP provincial manager

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Germany supports construction of urban drinking water supply system in Faizabad

In partnership with the Ministry of Urban Development, the German Government has committed almost €8.15 million in financial support to help build a drinking water supply system for the city of Faizabad in Badakhshan. The first phase will include construction

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Afghanistan U-17 football team heads to Azerbaijan for Caspian Cup

The Afghanistan Under-17 national football team will participate in IV International Tournament Caspian Cup which is due to be organized from 28th May to 6th June. Officials in Afghanistan Football Federation (AFF) said Monday that the Under-17 national football team

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5 dirty jobs that are high paying

It is a common misconception that you will be paid well only if you are a businessman, lawyer, broker and in general, if you wear a fancy suit and expensive shoes. Your Phd is definitely a plus when it comes

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ACCI chief announces his resignation

Qurban Mohammad Haqjo, Head of the Afghan Chamber of Commerce and Industries (ACCI), announces his resignation. According to Khaama Press (KP), the reason behind Haqjo’s resignation is his endorsement of presidential candidate Abdullah Abdullah, who was the leading candidate in

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Education construction projects begin in Baghlan with German financing and support

Two construction projects were officially started as part of the Afghan-German Cooperation program in partnership with the Baghlan Department of Education on Sunday. Assadullah Shahbaz, Director of the Provincial Council in Baghlan, and Abdullqader Rasoli, from the Department of Education

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New museums to be built across Afghanistan

Officials of the Ministry of Information and Culture said construction work on new museums in six provinces of Afghanistan would kick off soon. The museums would be built in Kabul, Bamyan, Balkh, Khost, Logar and Kapisa. General Director of the

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Afghan law against money laundering submitted to Parliament for approval

The Afghan Ministry of Justice has submitted the new anti-money laundering law to the Parliament for approval. According to Acting Ministry of Justice Mohammad Yousuf Halim, the new law is in accordance with the standards required by the Financial Action

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Afghanistan, Pakistan, Tajikistan to ink transit trade agreement

The trilateral transit trade agreement would be inked soon among Afghanistan, Pakistan and Tajikistan. The agreement forms part of the Afghanistan-Pakistan-Transit Trade Agreement (APTTA). APTTA was signed between Pakistan and Afghanistan in 2010, based on which Afghan traders can export

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Afghanistan offers multiple entry visa to Indian businessmen

The Afghan government has decided to issue multiple-entry visa to Indian business on a long-term basis in a bid to strengthen economic ties between the two nations. “Bilateral trade between India and Afghanistan has only witnessed modest growth in last

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Afghanistan close to be blacklisted by the Financial Action Task Force (FATF)

Afghanistan was threatened by the Financial Action Task Force (FATF) earlier this year for failing to pass key measures on combating money laundering. The threat by FATF, an international body that sets standards on how countries combat money laundering, is

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Afghan Government called upon to repair ruptured Kabul-Balkh highway

Drivers and passengers urged the Afghan government to reconstruct the damaged part of the Kabul-Balkh highway in Tangi Tashqurghan area, a part of Khulm district of Balkh province. The destruction of the highway resulted in delayed humanitarian response to flood

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Diesel price goes down, gas goes up in Kabul

(Pajhwok Afghan News Weekly Price Report) The price of gas rose, but that of diesel decreased during the outgoing week in capital Kabul, retailers said on Thursday. A gas dealer in Taimani neighborhood, Abdullah, told Pajhwok Afghan News the rate

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Zebak thanks Germany for its support in construction of new facilities for key line departments

The district of Zebak in Badakhshan province in northern Afghanistan celebrated the groundbreaking ceremony for a new administrative building in the capital, Zebak, on Thursday. Taking part in the opening ceremony, Abdul Rashid Ibrahimi, District Specialist of Badakhshan Provincial Governance

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Shahrukh Khan emerges as the second richest actor in both Hollywood and Bollywood

Shahrukh Khan aka King Khan secured the second position in the Wealth-X’s Hollywood and Bollywood Rich list. With an estimated net worth of USD 600mn, Shahrukh Khan was the only Indian actor in the top 10 combined rich list of

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Afghan government sings contracts on installation of 289 telecom towers

In a bid to deliver better telecommunication services throughout the country, 289 telecommunication towers will be installed in 213 districts and 34 provinces of Afghanistan. An agreement to that effect was signed between Ministry of Communications & Information Technology (MCIT)

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First graduates of Kabul University’s Public Policy and Administration program receive Masters Degrees

Ten women and eight men received advanced diplomas in Public Policy and Administration from Kabul University on Wednesday to become the first graduates of a national leader development program financed by the United States. “The graduation of these 18 students

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ANSA inaugurates new central laboratory complex

Afghanistan National Standard Authority (ANSA) inaugurated a high-tech new central laboratory on Tuesday. The complex consists of construction material lab, metrology lab, petroleum lab and electricity lab that will help ANSA to ensure quality of imported materials. Built in an

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Afghan, Tajik trade turnover 59.6% lower than last year

Tajikistan’s Minister of Economic Development and Trade Sharif Rahimzoda and Afghanistan’s Minister of Commerce Mohammad Shakir Kargar exchanged perspectives on the development of economic cooperation between the two nations at a meeting in Dushanbe, Tajikistan. This comes as the trade

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