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ADB grants USD 11mn to support livestock industry in Afghanistan

The Asian Development Bank (ADB) has pledged a grant of USD 11mn to support and modernize livestock industry in Afghanistan. The grant primarily goes towards construction of five slaughterhouses and a number of small-scale packing, sorting, grading, drying and cold

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Afghan women’s contributions in agricultural value chains

Afghan government officials, joined by the United States Agency for International Development (USAID), recognized the importance of women in the agriculture sector during a two-day conference. The purpose of the conference was to explore means to strengthen women’s contributions in

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48 development projects completed in Daikundi province

The National Solidarity Program (NSP)of the Ministry of Rural Rehabilitation and Development (MRRD) has completed 48 uplift projects in Daikundi province. Costing 47,822,000 AFN, the projects benefit 8,443 families in various communities. According to NSP Provincial Manager in Daikundi province,

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Russia sweeps economic sanctions against Turkey

Russian President Vladimir Putin on Saturday signed into law a package of sanctions against Turkey following the shooting down of a Russian jet on the Syrian border by Turkey. The sanctions cover tourism industry, cancels visa-free travel between the two

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The things Bollywood actors have done for their roles!

You will not believe what these Bollywood actors have done for their roles in their movies.

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Afghan central bank sells USD 25mn

Da Afghanistan Bank (DAB), Afghanistan’s central bank, has announced to put on sale USD 25mn on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the

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Afghan women’s income improves with increase in saffron yield

Women in northern Jawzjan province have witnessed a considerable increase in their income with three-fold increase in saffron yield. According to Pajhwok Afghan News (PAN), saffron corms were distributed to 200 farmers, including 125 women, as a pilot project in

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Final agreement on CASA-1000 signed in Turkey

Energy ministers of South and Central Asia signed a final agreement on the implementation of the CASA-1000 project on Tuesday in Istanbul, Turkey. Work on the transmission line from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan is expected to start

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Much-awaited TAPI project to kick off on 13th December

The 10bn Turkmenistan-Afghanistan-Pakistan-India gas pipeline project will be inaugurated on 13th December in Turkmenistan. Turkmenistan’s state-run gas company, Turkmengaz, will kick off the construction of the gas pipeline. Turkmengaz was named project consortium leader for TAPI Pipeline Company Limited in

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Bibi Khadija Award recognizes Afghan women’s contribution in business arena

Founded by entrepreneur Manizha Wafiq and Peace Through Business Network-Afghanistan has founded Bibi Khadija Award to recognize Afghan women entrepreneurs and role models in the business sector. The Award was launched at the celebration of the International Women’s Entrepreneurship Day

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Middle East’s first official Apple store opens in Dubai & Abu Dhabi

The first official Apple store of the Middle East region opens in Dubai and Abu Dhabi cities of the United Arab Emirates. The Dubai branch opened at 4pm in the new Mall of the Emirates extension, followed by a second

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Afghanistan plans to set up secondary bond market

Afghanistan plans to set up a secondary bond market in order to allow for existing bonds to expand their trade beyond commercial banks, who are the only investors at the moment. In an exclusive interview with the Reuters, Afghan central

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Afghanistan, Pakistan agree on bolstering economic ties

Afghanistan and Pakistan concluded the 10th Joint Economic Commission (JEC)and agreed on bolstering economic ties to expand their access to the region’s market. Addressing a joint press briefing after the JEC huddle concluded, Pakistani Finance Minister Ishaq Dar said Joint

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Over 2000 families in Uruzgan benefit from development projects

The National Solidarity Program (NSP) of the Ministry of Rural Rehabilitation and Development (MRRD) has completed 13 development projects in the districts of Gizab, Shahid Asas, Chora and Dehrawood and in a number of localities related to Terinkot, the center

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Afghanistan Central Bank sells USD 30mn as Afghani slumps

Da Afghanistan Bank (DAB), Afghanistan’s central bank, has put USD 30mn on sale on Tuesday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to

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Public library and two dormitories improve learning conditions in Baghlan

A public library and two university dormitories for men and women have been opened in Baghlan to help improve education in the province. Funded by the Germany government, the new facilities worth 70mn AFN offer students from rural areas the

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Afghan government continues to pump US dollar into market

Da Afghanistan Bank, Afghanistan’s central bank, plans to continue injecting US dollar into the market  in a bid to control the rising value of US dollar against Afghani. “As per our new policy, we plan to sell US dollar three

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Afghani losing its value, commodity rates on the rise

The Afghani currency has been in free fall in the past four months, losing its value by 13% against the US dollars and 9% against the Pakistani Rupees. According to Pajhwok Afghan News (PAN), the rates of food items and

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Afghanistan, Pakistan hold key economic talks

Afghan Finance Minister Eklil Ahmad Hakimi has arrived in Islamabad to attend the 10th Pak-Afghan Joint Economic Commission (JEC) huddle. The meeting was postponed in August in the wake of Taliban’s deadly attacks in Kabul for which the Afghan government

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Afghan government promises a cut in gas prices

Afghan Minister of Commerce and Industries Humayoon Rasa pledged on Saturday to reduce gas prices in coming days. He was summoned by the Lower House or Wolesi Jirga to explain the sudden hike in gas prices. Gas price in capital

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Afghanistan agrees to purchase 600,000 tons of wheat from Kazakhstan

One of the many contracts signed with Kazakh government during President Ashraf Ghani’s visit to Astana was the purchase of 600,000 tons of wheat from Kazakhstan. “Our goal is to make Afghanistan a self-reliant country in the agriculture sector, particularly

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Steven D. Levitt & Steven J. Dubner

We have chosen Steven D. Levitt & Steven J. Dubner to be featured in our “Economist of the Month” section. Levitt and Dubner are the writers of the book called Freakonomics. It began when New York journalist and author Stephen

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UK to provide £9m to support rural Afghan girls’ education

The United Kingdom has pledged to grant 9 million pounds to support girls’ education in rural areas of Afghanistan. An agreement to that effect was signed between British ambassador to Kabul, Karen Pierce, and Afghan Education Minister Asadullah Hanif Balkhi

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Afghan Agriculture Ministry builds over 500 potato storages in Bamyan

The Afghan Ministry of Agriculture has funded construction of over 500 potato storages for farmers in Bamyan province. Built at a cost of about 240mn Afghanis, the storages have a total capacity of over 10,000 tons. Bamyan is known for

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Kabul’s newly-reconstructed roads inaugurated

Acting Mayor Abdul Ahad Wahid inaugurated the newly-reconstructed roads in capital Kabul on Monday. Funded by the World Bank, the roads measuring three kilometers were reconstructed at a cost of USD 1.7mn. The two-kilometer road was constructed from Masood Square

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