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India – the most open economy in the world for FDI

The Government of India has announced a very liberalized new Foreign Direct Investment (FDI) Policy and with the changes in the FDI Policy, India is now the most open economy in the world for FDI. The new amendments seek to

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Afghanistan, India sign MoU on 87 projects worth $25 million

The Indian and Afghan governments signed a tripartite Memorandum of Understanding (MoU) for additional 87 projects worth USD 25mn under the Small Development Projects (SDP) on Wednesday. A significant part of India’s development portfolio in Afghanistan has been a special

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Afghanistan’s revenue up by 36% in the first six months of current fiscal year

 Afghan Finance Ministry has collected 31.5bn AFN through customs, 21bn AFN through taxes and 17.5bn through non-tax revenues in the past six months. According to the officials, this year’s revenue has amounted to over 70bn AFN, compared to last year’s

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Afghanistan to launch One Stop Shop

Afghanistan and Azerbaijan signed an agreement on the establishment of a One Stop Shop on Tuesday. The agreement was signed between Afghan Finance Minister Eklil Hakimi and Anam Karimov, Head of Azerbaijan’s Public Services Center. The One Stop Shop is

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Female interns to receive stipends through Roshan’s M-Paisa

Roshan, Afghanistan’s leading telecommunication company, and the US Agency for International Aid (USAID) have teamed up to distribute stipend payments to 9,500 female interns of the Promote-Women in Economy (WIE) program. Funded by the USAID, the contract for the project

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Nimroz revenue reaches 3bn AFN in first quarter

The customs department of southwestern Nimroz province has recorded a revenue of nearly three billion Afghanis in the first quarter of the current solar year. The revenue has gone up by one billion AFN, indicating a 50% increase from last

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Afghan mobile app developers create app to inform about surrounding security issues

A team of young Afghan mobile application developers have developed an application that keeps users informed about the security issues surrounding them and helps them send alerts to families and friends. The application, called Zamanat (Arabic word for guarantee), allows

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Alokozay company to invest $350mn in six factories in Afghanistan

Alokozay Group of Companies, one of the leading Fast Moving Consumer Goods (FMCG) companies in the world, received 144 acres of land from the Afghan government to construct six factories at a total cost of USD 350mn. An agreement to

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IMF reaches staff level agreement with Afghanistan on an economic program

An International Monetary Fund (IMF) mission, led by Christoph Duenwald, held discussions with the Afghanistan authorities in May and June 2016, on IMF support for Afghanistan’s economic program. IMF staff and the Afghanistan authorities have reached staff-level agreement on an

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