Afghanistan on the brink of a financial crisis
Director General of the Treasury at the MoF, Alhaj Mohammad Aqa, told the Washington Post that the government was barely able to pay the salary of the 500,000 government employees and the payroll deadline for October is approaching.
The non-ending elections process has been a major blow to the Afghan economy.
Last month, Finance Minister warned that the country is heading toward an economic crisis, as the country has suffered USd 5bn in financial loss due to the elections gridlock and USD 6bn in capital flight.
He also cautioned that the government would be forced to cut jobs and reduce salaries of government employees.
The German embassy announced the full transfer of the Kunduz Provincial Reconstruction Team (PRT) to civil leadership. Kunduz PRT had
Presided over by President Ashraf Ghani, the National Procurement Commission in their meeting on Saturday approved 45 contracts worth about
The investment policy prepared by the Ministries of Finance and Commerce and Industries was approved by the High Economic Council