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Afghan national income reduced by 20% due to elections

Afghan Finance Ministry official announced Saturday that the national income was reduced by 20% due to the prolonged election process. The Ministry’s spokesperson Abdul Qader Jailani said economic activities have been declining since the beginning of elections with imports reduced

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Afghan MPs chide Karzai for not signing Financing of Terrorism Prevention Law

A number of parliamentarians accused the president of leading the country toward an economic crisis by neglecting to sign the Financing of Terrorism Prevention Law. At a general session in the Parliament on Sunday, some MPs called on the president

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Afghan women in Badakhshan learn to assert their rights and responsibilities in the community

With support from the German Government, women from the district of Zebak attended a five-day workshop at the offices of the Women’s Council in the capital, Zebak. The measure is designed to help participants gain more awareness of their rights.

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Afghanistan granted 4-month extension to finalize anti-money laundering law

Afghanistan’s Central Bank Chief Nurullah Delawari announced Thursday that Afghanistan was granted a 4-month extension to finalize Anti-Money Laundering and Financing of Terrorism Prevention Law. The extension came after Afghanistan failed to pass the required laws and was on the

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Obama asks for USD 58.6bn for war in Afghanistan

In a letter to the House of Representatives Speaker John Boehner, US President Barack Obama asked for USD 58.6bn for the war in Afghanistan. The amount is the smallest Pentagon war-funding request in a decade. The White House sent Congress

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Cornerstone ceremony for Khwaja Burhan Bridge in Khulm district

With a total budget of AFN 15.5 million Germany finances bridge construction in Balkh province in Khwaja Burhan village that will connect 16 villages with the center of the Khulm district. The cornerstone ceremony for the start of a bridge construction with

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Germany supports Afghanistan to train its police force in Mazar-e Sharif

After providing financial and technical support for construction, maintenance and development of the Regional Police Training Center in Mazar-e Sharif, the German Government officially hands over ownership and responsibility for management of the facilities to Afghanistan’s Ministry of the Interior.

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Regional Economic Development Plan for Badakhshan province launched

In order to facilitate economic growth and job creation in Badakhshan province, the Provincial Development Council (PDC) with support of German Development Cooperation launched a Regional Economic Development Plan, which mobilizes the local community for business development. In the presence

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Mawlawi Ensaf High School for 1200 students inaugurated in Takhar province

In today’s inauguration ceremony the Deputy Governor of Takhar province, Mr. Mohammad Farid Zaki, the Director of the Education Department Takhar, Mr. Abdul Qadir Afghan, the District Governor of Worsaj district, Mr. Khal Mohammad Khuradmand, representatives from the Provincial Counciland

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Afghan Rule of Law Achievements Recognized at Supreme Court

Afghan judges and court administrators joined representatives  from the United States Agency for International Development (USAID) on Monday to celebrate the achievements of the USAID-funded Rule of Law Stabilization-Formal Program during a ceremony at the Supreme Court. This program trained

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FIEO signs MoU with Export Promotion Agency of Afghanistan

The Federation of Indian Export Organization (FIEO) has signed a Memorandum of Understanding with the Export Promotion Agency of Afghanistan (EPAA) and the Ministry of Commerce and Industry of Afghanistan. The MoU followed after the visit of a 10-member business

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Afghan Central Bank Chief calls for immediate approval of Anti-Money Laundering Law

Afghan Central Bank Chief, Norullah Delawari, called on the senate for the immediate approval of the Anti-Money Laundering Law. This comes as the Financial Action Task Force(FATF) meeting is held on June 22nd in Paris, where decision on Afghanistan’s blacklisting

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Afghanistan GDP growth indicates a 6.4% spike

According to a report by the Central Statistics Organization(CSO), Afghanistan’s Gross Domestic Product (GDP) showed a promising growth for the past fiscal year at 6.4%. Standing at USD 21.2bn, the figure brings some hope and optimism to the rather bleak

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Alibaba reveals partnership and slowed revenue growth

By Subriena Persaud Alibaba, the popular Chinese e-commerce giant, disclosed a 27 person partnership with its IPO filing for its first quarter which ended March 31. Included in the partnership are Alibaba’s founder, Jack Ma, Yahoo’s co-founder, Jerry Yang, and

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New efforts to create jobs for young Afghans

Afghan Ministry of Labor, Social Affairs, Martyrs and Disabled said efforts aimed at creating jobs for unemployed young Afghans were underway. Officials said 169 employment standards have been planned for those who have failed the board exam (Kankor) for getting

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Afghan Parliament passes anti-money laundering laws

Afghan Lower House approved the much-awaited anti-money laundering laws on Monday. Consisting of 5 chapters and 29 articles, the laws are passed by the Parliament after the Financial Action Task Force (FATF) warned of blacklisting Afghanistan for failing to take

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Residents halt work on a substandard road project in Paktia

Residents in the Ahmadabad district of Paktia province have stopped work on a road project in the area, as the project is suspected to lack quality. According to Pajhwok Afghan News (PAN), the project is estimated to cost 23mn AFN.

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Douglass C. North

Douglass North shared the 1993 Nobel Prize in economics with Robert Fogel “for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change.” North earned his Ph.D. in economics

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A Statistically Tested Way to Stop Terrorism and Boost Pakistan’s Economy

By Teresa Studzinski, M.A. and Dr. David Leffler Over the years prominent Pakistani leaders have held identical opinions alleging that Pakistan is invincible. The recent Pakistani Taliban attacks including those on Karachi’s international airport have put that claim to the

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Balkh airport revenue surges to USD 1.2mn in 2013

According to Pajhwok Afghan News (PAN), the Maulana Jalaludin Mohammad Balkhi International Airport has recorded a revenue of USD 1.2mn in 2013 compared to USD 400,000 in 2012. The source attributes the increase revenue to the provision of more facilities,

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Prices of fuel, sugar and gold go up in Kabul markets

(Pajhwok Afghan News weekly price report) Prices of fuel, sugar and gold went up during the outgoing week in Kabul, market sources said on Thursday. Abdul Saboor, a filling station worker in Deh Mazang locality, said the price of one

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Money Laundering Law delayed further, Afghan MPs blame the government

Members of the Lower House have shifted the blame onto the government for the delay in ratification of Anti-Money Laundering Law. The Law was expected to be voted on Tuesday; however, due to lack of a quorum in the Lower

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Developing world needs to invest in infrastructure: World Bank

The World Bank in its latest report has revised down the growth forecast for economic growth this year from 5.3% to 4.5%. This is the third consecutive year of growth below 5% for the developing nations. The report suggests making

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WFP provides emergency food for flood survivors in Baghlan province

The World Food Program (WFP) has distributed emergency food rations to some 1,600 people affected by flash floods in Guzargah-e-Nur district of northern Baghlan Province. The High-Energy Biscuits will cover immediate food needs for three days. With roads to the

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Afghanistan, Germany debate international cooperation beyond 2014

A Media Meeting at the Mediothek in Kabul introduced a new forum for discussing issues of political and social relevance for Afghanistan today and the future. The kick-off panel brought together Oliver Owcza, Deputy German Ambassador, and Shafiq Ahmad Qarizada,

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