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Ice Ball Fire Extinguisher Introduced in Afghanistan for the First Time

An Afghan local company has imported one of the world’s fastest and strongest fire extinguishers called Ice Ball. The product was introduced by Mohammad Tariq Totakhail, head of the private company, on Saturday in Kabul. Totakhail said the product extinguishes

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Kandahar Fruit Exporters Face Problems from Pakistan Amid Fruit Harvests

Traders from southern Kandahar province are not enjoying the current fruit harvests as their trade is trampled by the neighboring Pakistan. According to reports, Afghan traders are forced to pay bribes in the name of transit fee and taxes by

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Afghan Government Starts Work On $450mn Kandahar Dam Project

Afghan Ministry of Energy and Water has started work on a key dam project, with an investmen tof USD 450 million, in Arghandab district of Kandahar province. One of the components of the project is increasing the capacity of Kandahar’s

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Afghanistan, Germany Strengthen Trade Ties Through the New Economic Council

Then Afghan-German Economic Council was launched on Tuesday to strengthen trade and economic ties between Afghanistan and Germany and create more job opportunities fro businessmen. The ceremony was attended by representatives from the Afghanistan Chamber of Commerce and Industries (ACCI),

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Afghanistan to Implement World’s Advanced Technology to Ensure Transparency

The Afghan Ministry of Communications and Information Technology (MCIT) will activate one of the world’s advanced technology system to ensure transparency in collection of the 10% mobile phone tax. This new system is called the Real Time Data Management System

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Afghan Transport Ministry’s Revenue Up By Almost 50%

Afghan Ministry of Transport and Civil Aviation has recorded a 48% increase in its revenue during the first two quarters of the current year. Addressing a press conference on Tuesday, Minister Mohammad Hamid Tehmasi said the returns from ports and

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SAARC Development Fund Plans Tapping Financial Markets

SAARC Development Fund (SDF), the umbrella financial institution for projects in SAARC member countries, is working on a clear road map to strengthen its credit portfolio and tap the financial market, before converting itself to a full-fledged SAARC Development Bank,

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Afghan Goods Can Now Be Transited to Russia and China Through Uzbekistan

Afghanistan is now able to transit its goods to Russia and China through Uzbekistan’s Andi Jan port after the establishment of a transit hub by Uzbekistan. Situated in Termez city of Uzbekistan, the hub includes a railway line and station,

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Peace Deal Without Economic Opportunities Not Enough for Afghanistan

Written by: *Gul Maqsood Sabit, Lecturer, Ohlone College, Fremont, California, USA. Former Deputy Minister of Finance, Afghanistan. The recent announcement of a ceasefire by the Afghan government and then Taliban agreement to a Three-day ceasefire is rather encouraging and hopeful

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Afghanistan Smuggles Up to $3mn to Iran Daily

According to a recent report by Reuters, Afghan traders smuggle up to USD 3 million to Iran. This comes as Iran’s financial market is hit hard following the withdrawal of the United States from the nuclear deal and emergence of

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1000-Bed Medical Complex to be Built Soon in Nangarhar Province

A medical complex with 1000 beds for the Eastern Zone of Afghanistan will soon be built in Nangarhar province. President Mohammad Ashraf Ghani and Nangarhar Governor Hayatullah Hayat laid the foundation stone for the facility on Sunday. The complex will

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Afghan Traders Warned Against Trading in Pakistani Rupees

The Afghan Chamber of Commerce and Industry (ACCI) has warned Afghan traders who use Pakistani Rupees to refrain from doing so as Pakistan is added to the grey list of countries for money laundering and terror financing. The global anti-money

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Afghani Continues to Dip Against US Dollar

The Afghani currency continues to depreciate against the US dollar causing prices of essential items to soar in Kabul markets. The US dollar currently stands at 73.30 in Sarai Shahzada, Afghanistan’s largest financial market. Kabul residents have voiced their concerns

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