English | دری

Afghan Business

Back to homepage

Finance Ministry Adds US$4m To National Budget

Afghanistan’s Ministry of Finance has redrafted the federal budget for the new year 1391 with an increase of 200 million Afghani (US$4.15 million) after the previous draft was rejected by Parliament two weeks ago. Ministry of Finance spokesman Aziz Shams

Read More

Karzai off to Dushanbe for RECCA summit

President Hamid Karzai on Saturday left Kabul for Dushanbe, capital of Tajikistan, to attend the 5th summit of the Regional Economic Cooperation Conference on Afghanistan (RECCA). RECCA is a forum dedicated to advance Afghan stabilization and South and Central Asian

Read More

1391 Budget Plan Should be More in Favor of Higher Education, urges Afghan Parliament

Many Parliamentary members recommended reducing the budget allocated for the president office but rather increasing the budget allocated for higher education. Today’s plenary meeting discussed the draft of law on structure and authorization of judicial organ and the 1391 budget

Read More

Rightsize military, World Bank asks Kabul

The World Bank (WB) has urged Afghanistan, which is preparing for a sustainable economy after 2014 when foreign troops are expected to withdraw, to prioritise national programmes and rightsize its military. The bank also urged foreign donors not only to

Read More

Afghanistan to meet 40pc of fish demand

Fish-starved Afghanistan, confident of meeting 40 percent of its demand, is trying to be self-sufficient in the next decade, eventually slashing imports. The Ministry of Agriculture Irrigation and Livestock (MAIL) has rolled out a one-year plan to establish fish farms

Read More

Economic Conference on Afghanistan to Boost Private Sector

More than 100 Afghan traders are expected to attend the 5th Regional Economic Co-operation Conference on Afghanistan, a potentially big boost to the country’s private sector, the Afghan Chamber of Commerce said Thursday. Khan Jan Alkozai, the deputy head of

Read More

Afghanistan acts to curb flight of capital

Afghanistan has taken new steps to combat rampant capital flight after the central bank found that the amount of dollars flown out of Kabul doubled to $4.6bn last year. Afghan officials believe many of the brick-sized stacks of $100 bills

Read More

A Step Towards Increasing Afghan Woman Participation in the Labor Market

The Ministry of Finance is partnering with The United States Agency for International Development (USAID) to implement and expand the Women in Government Internship Program. The program provides more opportunities to women to gain experience working with Afghan Government Organizations

Read More

Afghan Jewelers Complain about High Taxes

Huge taxes and lack of market for locally made jewellery have left the industry struggling in the capital, Kabul-based traders complain. But the Ministry of Finance says jewellers are taxed in line with the relevant law. A decade ago, most

Read More

Afghanistan corruption ‘could see UK cut off security funds’

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

Read More

Afghanistan corruption 'could see UK cut off security funds'

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

Read More

Foreign troop withdrawal, fear about impact of Afghan economy

President Obama’s announcement of troop withdrawal in 2014 has given rise to grave concerns about the future of the Afghan economy. Afghan and American officials fear that the pull back of American and other foreign forces will send the already

Read More

Alternative to Poppy Cultivation—Afghan Farmers’ Viewpoint

Agricultural specialists, farmers, representatives from development councils and the Department of Agriculture conducted a meeting yesterday to investigate the challenges and options for alternative crops to poppy growth. Farmers complained about the poor quality of seeds and fertilizers, lack of

Read More

Joint Chamber Established between Afghanistan and Pakistan

The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has opened in Karachi on the 13 March in a move to resolve transit issues between the countries and attract investors. This step has been agreed in the Afghanistan Pakistan Transit

Read More

Unemployment Increasing among Educated Youths of Bamiyan Province

A high number of educated young people in Bamiyan are unemployed. They have complained that in spite of investing enormous amounts of money in continuing their education and obtaining qualifications, they are still jobless due to lack of job opportunities

Read More

Etisalat Granted Afghanistan’s First 3G Licence

Private telecom company Etisalat Afghanistan will launch Afghanistan’s first 3G network after signing an agreement with the Afghan government on Monday. Afghanistan’s Minister of Communications and Information Technology, Amirzai Sangin, said Etisalat was the first company to receive a 3G

Read More

Etisalat Granted Afghanistan's First 3G Licence

Private telecom company Etisalat Afghanistan will launch Afghanistan’s first 3G network after signing an agreement with the Afghan government on Monday. Afghanistan’s Minister of Communications and Information Technology, Amirzai Sangin, said Etisalat was the first company to receive a 3G

Read More

Department of Economics Opened in Jowzjan, North of Afghanistan

A number of government and non-government officials is preventing the implementation of development projects in the Jowzjan province. Jowzjan Governor Mohammad Alam Saai on the occasion of the inauguration of the Economics Department in Jowzjan said that there are some

Read More

Owner of Gulbahar Sentenced for Corruption

The business owner of Gulbahar Center and Towers, Gulbahar Habibi, and two of his associates were sentenced to six years in prison, while the head of a group of forgers was sentenced to 18 years, head of the Anti Corruption

Read More

Gold, fuel up, sugar down in Kabul

Prices of gold, gas and petrol have increased and sugar declined during the outgoing week in Kabul, where rates of other daily essentials remained stable, retailers said on Thursday. Abdul Baseer, a jeweler in the Lecce-i-Maryam neighbourhood, told Pajhwok Afghan

Read More

Afghanistan's Assembly Rejected 1391 Budget Plan

Afghanistan’s House of Representatives has declined the budget for fiscal year 1391 due to “imbalances” in the budget.  The budget has disregarded allocations for the development of different provinces of Afghanistan, according to the members of the House. Moreover, adequate

Read More

Afghanistan’s Assembly Rejected 1391 Budget Plan

Afghanistan’s House of Representatives has declined the budget for fiscal year 1391 due to “imbalances” in the budget.  The budget has disregarded allocations for the development of different provinces of Afghanistan, according to the members of the House. Moreover, adequate

Read More

Af-Pak Chamber of Commerce Opens in Karachi

The joint Afghanistan-Pakistan Chamber of Commerce has opened in Pakistan in a move to resolve transit issues between the countries and attract investors, the Afghan Chamber of Commerce deputy chief Khan Jan Alokozai said Sunday. The establishment of the joint

Read More

Iranian company wins bid to establish Herat cement plant

An Iranian company was recognized as the winner of a bid to establish a cement factory in the western Herat province, an official said. “The Peshgaman Company of the Islamic Republic of Iran has won the bid to establish the

Read More

Finance ministry to bring changes to budget

The finance ministry on Sunday promised bringing changes to the annual budget, hours after its rejection by an overwhelming majority of Wolesi Jirga, lower house, members. The national assembly refused to endorse the proposed accounts due to uneven allocations to

Read More