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Kabul Bank debtor kicked out of the housing scheme project

After receiving criticism and pressure from the parliament and legal experts, President Ashraf Ghani issued a decree invalidating the contract on a housing scheme project signed with a bankrupt debtor of Kabul Bank, Khalilullah Ferozi. Ferozi was released from the

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Afghanistan, Turkmenistan agree on 500 KV transmission line

Afghanistan and Turkmenistan signed agreements on improving ties in areas of agriculture, transportation and telecommunications during their fifth joint economic summit in Turkmen capital Ashgabat. The summit was attended by Finance Minister Eklil Hakimi, CEO of Da Afghanistan Breshan Sherkat

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Hamid Karzai’s welfare foundation launched in Kabul

Former Afghan President Hamid Karzai has established a welfare foundation in Kabul. Addressing the inaugural ceremony in Kabul on Saturday, Karzai said the Foundation would work to improve the education sector and provide more education opportunities for Afghanistan’s new generation.

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Herat farmers to make 500mn AFN this year from saffron business

Saffron harvest season has kicked off in Herat province and farmers are expecting to generate about 500mn Afghanis in revenue this year. According to Herat’s agriculture officials, almost 1,000 hectares of land were planted with saffron and 140tons of saffron

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Electricity rate to go up in Afghanistan due to high dollar value

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national utility company, has announced that electricity tariff would increase with effect from next month due to appreciation of the US dollar against Afghani. DABS purchases electricity from neighboring countries in US dollars but

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