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ADB’s Board of Governors 50th annual meeting kicks off in Japan

The 50th Annual Meeting of the Asian Development Bank’s (ADB)meeting kicked off on Thursday at the Pacifico Yokohama in Yokohama, Japan. Over 5,000 delegates, including from North America and Europe, are expected to attend the meeting from 4 to 7

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Afghan national electricity company to launch monthly billing system

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national electricity company, plans to launch  monthly billing system. DABS officials said the company would hire more employees in order to successfully implement the new plan. A number of residents in Kabul have welcomed

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Afghan-India air cargo routes to start in two months

Draft plans for the Kabul-Delhi route and the Kandahar-Amritsar route have been prepared and the routes will start within two months, announced Afghan Ministry of Commerce and Industry (MoCI) on Tuesday. This comes as Afghanistan’s peak export season of fresh

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Afghan government to establish 46 more vocational training centers

The Afghan Ministry of Labor, Social Affairs, Martyrs and Disabled (MoLSAMD) said 46 more vocational training centers would be established in the near future. Presently, there are 45 vocational training schools across the country that are providing education to locals

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Kunduz’s transport revenue goes up despite insecurity

The transport department of northern Kunduz province has collected 11.8mn Afn in revenue this year which surpasses last year’s revenue target. The provincial capital Kunduz City has seen repeated bouts of heavy fighting recently. It fell briefly to the Taliban

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ADB pledges $300mn for Afghanistan’s infrastructure development

The Asian Development Bank (ADB) has pledged to provide USD 300mn to support infrastructure projects in Afghanistan. According to ADB officials, reconstruction of highways and building a solar power generation facility in eastern Nangarhar province are part of the projects.

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International Business Exhibition for Agriculture and Handicrafts opens in Mazar-e Sharif

Organized by the Balkh Chamber of Commerce and Industries, the Balkh International Expo kicked off in Mazar-e Sharif today. More than 100 female and male exhibitors from different sectors and provinces participate in the four-day event, where they can promote

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A military base in Helmand is being turned into economic zone

The Shurab Military Base in southern Helmand province is being turned into one of the eight economic zones in the country. President Ashraf Ghani had assigned a special commission to create eight economic zones in the country. One of those

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World Bank agrees to help build Peshawar-Kabul highway

The World Bank has agreed in principle to finance the Peshawar-Kabul highway which will help boost intra-regional trade. According to Pakistan’s Dawn website, Finance Minister Ishaq Dar met with senior officials of the World Bank group in Washington last week

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Afghanistan’s economy to grow by 2.5%: ADB reports

According to a recent report released by the Asian Development Bank (ADB), Afghanistan’s economy is expected to grow by 2.5% this year. The report says Afghanistan’s economy will see a boost this year due to favorable weather, improved domestic revenue

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Ghani promises to build schools in Paktika using his own funds

President Mohammad Ashraf Ghani pledged to use his own funds for construction of six schools in southeastern Paktika province. A group of Paktika’s tribal leaders and MPs met with President Ghani to discuss challenges of the province. Speaking on behalf

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Problems with mining law hampering investment in Afghanistan

The Natural Resources Monitoring Network (NRMN) have highlighted problems present in Afghanistan’s mining law and called on the government to amend the law in order to boost investment. According to NRMN, the mining law is a major hurdle to investment

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ADB appoints first female director in Pakistan

The Asian Development Bank (ADB) has appointed Chinese national Xiaohong Yang as the new Country Director for Pakistan– Yang is ADB’s first female Country Director in Pakistan and will lead the implementation of ADB’s Country Partnership Strategy 2015-2019, which focuses

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Third Business Climate Conference held in Kabul

The third Business Climate Conference was held in Kabul by the Afghanistan Chamber of Commerce and Industries (ACCI) and the Afghan-German Cooperation’s program for Sustainable Economic Development and Employment Promotion (SEDEP). Representatives of the private and public sectors met to

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Afghanistan’s National Procurement Committee approves 5 contracts

The National Procurement Committee, chaired by President Mohammad Ashraf Ghani, approved five contracts worth 5.5bn AFN during a meeting on Sunday evening. The contracts approved included purchase of fuel for the departments of the Chief Executive Office and the Afghan

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50mn Afghanis worth of garden projects implemented in Takhar

As many as 57 garden projects worth 50mn Afghanis have been implemented on rain-fed lands in northeastern Takhar province in the past two years through the National Horticulture and Livestock Project (NHLP). Each project included planting fruit trees and cultivating

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Pilot saffron cultivation program produces good results in Bamyan province

Afghan Ministry of Agriculture, Irrigation and Livestock (MAIL)  received positive results from its pilot saffron cultivation program in central Bamyan province over the last two years. For the first year of the experiment saffron was cultivated on nine plots of

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30 new factories established in Nangarhar this year

Afghanistan’s eastern Nangarhar province has witnessed 70% increase in industrial activity with the establishment of 30 new factories at Sheikh Misri Industrial Zone of the province in the past six months. The province’s business community along with Afghanistan Chamber of

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Phase 3 of Kamal Khan Dam inaugurated

 President Mohammad Ashraf Ghani inaugurated the third phase of the Kamal Khan Dam in Chaharbarak district of southwestern Nimroz province. The Kamal Khan Dam project has the capacity to irrigate more than 80,000 hectares of agricultural land and provide job

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Afghanistan appoints Minister of State to boost tourism

The Afghan government has appointed a Minister of State in an effort to boost tourism and increase national revenue. President Mohammad Ashraf Ghani appointed Ghulam Nabi Farahi as Minister of State for Tourism through a presidential decree. According to presidential

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‘Hidden Flames’, written by Afghan female author, available in international market

The Hidden Flames, a fiction book written by a former child bride and a successful writer Zahra Yaganah, is now also accessible outside of Afghanistan Azmin.co and Amazon.com. The book is based on the real story of Yaganah’s life. Yaganah was

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World Bank’s MIGA insures 3 major companies in Afghanistan

The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has so far insured three major companies in Afghanistan in an bid to promote foreign direct investment in the country. Collectively worth USD 154mn, these companies are insured against losses incurred

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Implementation of provincial budget policy kicks off in 4 ministries

The implementation of provincial budget policy has kicked off in ministries of agriculture, irrigation, public health, education and rural rehabilitation and development. Addressing a conference on the provincial budgeting policy in Kabul on Tuesday, Finance Deputy Minister Shafiq Ahmad Qarizada

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US government accused of unauthorized access to international bank transfers

A hacking group has leaked information on a huge range of security weaknesses, which may have given the US National Security Agency access to monitor money flows among some Middle East and Latin American banks. The hackers, called Shadow Brokers,

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Afghan traders block trade at Sher Khan Port

Afghan traders have blocked trade at the Sher Khan Port in northern Kunduz province in protest against problems caused by neighboring Tajikistan. The demonstrators are upset over absence of a Tajik consulate in the province and claim that Tajikistan denies

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