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Increase in Oil/Gas Revenue in Baghlan

Management officials of oil and gas in Baghlan province has reported an increase of 21% in the revenues generated from oil and gas. According to Mohammad Karim Shaheen, collection of commission from oil and gas and the rents received from

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Qaraqul (Embroidered Sheepskin) Export Rises

Ministry of Agriculture, Irrigation and Livestock (MAIL) officials said on Thursday revenue from the export of qaraqul skin (embroidered sheepskin) considerably increased last Afghan year. Last year, 320,000 skins were exported, compared to previous year’s 24,000, Deputy MAIL Minister Rahim

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Water & energy sector in critical situation

A shortage water reservoirs and sharing of the precious, but depleting, resource with neighbours have created a critical situation for the country’s water and energy sector. At a ceremony marking International Water Day in Kabul, Water and Energy Minister Mohammad

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Water & energy sector in critical situation

A shortage water reservoirs and sharing of the precious, but depleting, resource with neighbours have created a critical situation for the country’s water and energy sector. At a ceremony marking International Water Day in Kabul, Water and Energy Minister Mohammad

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Fuel Purchase from Russia to Control Prices

In an attempt to control oil prices in Afghanistan, the Ministry of Commerce and Industries signed a contract on fuel imports from Russia. The Ministry officilas said that 5,000 tons of petrol purchased from Russia would reach Kabul in a

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Borrowers given 2 months to return Kabul Bank loans

The government on Tuesday gave borrowers two months time to return loans to the troubled Kabul Bank, the president’s office said. The decision came at a high-level meeting chaired by President Hamid Karzai, the Presidential Palace said in a statement.

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Municipality doubles budget for Mazar uplift

The municipality department in northern Balkh province plans to double development funds for Mazar-i-Sharif this year, the mayor said on Tuesday. Twenty-five development projects would be implemented this fiscal year in the provincial capital, said  Mayor Yunus Muqeem He said

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Government Revenue went up by 28%

Ministry of Finance officials have reported an increase of 28% in the government revenue for the financial year 1390. Mr. Aziz Shams, spokesperson to the Ministry of Finance, said that the revenues from 1390 have reached 98 billion Afs compared

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Power Network in Jawzjan

A mega power network with power pylons carrying 500 megawatts of electricity is being established in northern Jawzjan province. The project is supported by Turkmenistan and Turkey. Initial work on the $390 million project had already been completed, he said.

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Wheat Donations to more than 2000 Families in Kapisa

Wheat donations to 2120 needy families in Kapisa began today, 03 Apr 2012 and will continue for another 5 days. Sayed Mushtaq Sadat, Municipal for Kapisa Province, said that the needy families receive two sacks of wheat, 50kg each. Mr.

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2nd Exhibition of Afghan-Turk

The second exhibition of Afghan-Turk with the participation of 50 companies took place today, 03 Apr 2012, in Kabul. The exhibition was attended by Minister of Commerce and Industries, Turkey Ambassador, Minister of Economy, Head of Afghan Chamber of Commerce

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Helmand farmers given subsidised generators

Farmers who shunned poppies and planted other cash crops were given subsidised electric generators in Nad Ali district of southern Helmand province. Deputy district chief, Nazar Muhammad Habibi, at presentation ceremony, told media that the generators would be distributed among

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40 Tractors Aid to Bamyan Farmers

Program to strengthen agriculture in Bamyan began with the distribution of 40 tractors to the farmers in the province. Mohammad Tahir Atayee, Director of Agriculture and Livestock in Bamyan, said that the tractors were distributed among agriculture cooperatives to help

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Reasons for budget rejection yet to be addressed: MPs

Members of the Wolesi Jirga, the lower house of Parliament, on Saturday said changes to the proposed annual budget did not address the basic reasons for its rejection. On March 18, the assembly rejected the budget due to uneven allocations

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1.2 billion Afs budget for Mazar Development Plan

Mazar Municipial Officials forecast a budget of over one billion Afs for the 1391 Development Plan for the city of Mazar. Mohammad Younis Muqim, Mayor of Mazar-e-Sharif, reported an amount of 1.2 billion Afs for the coming year in the

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Increase in Herat, Kandahar Revenue

The annual revenue of western Herat province has increased to 19.98 billion afghanis ($385 million) in 2011, compared to 14.83 billion afs during the previous year. Local officials said on Saturday the Ministry of Finance had set the province a

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Poor quality oil floods Kabul filling stations

Drivers complain low-quality fuel has flooded Kabul, despite the Afghanistan National Standards Authority (ANSA)’s promise to take measures to curb substandard fuel imports. Trucker Ghulam Hussain said: “The quality of oil is poor and damages diesel-run vehicles.” He complained hed

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Indian, Canadian firms to invest $ 14.6b in Hajigak iron mine

An Indian consortium and a Canadian firm would jointly invest $14.6 billion (729.4 billion afs) in developing the Hajigak iron mine, an official said on Saturday. The mine in central Bamyan province, which is estimated to hold 1.8 billion tonnes

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Returnees receive assistance in Nangarhar

The refugees department in the eastern province of Nangarhar on Friday disturbed relief items to returnees in Kunar and Laghman provinces, an official said. The assistance including tents and other materials was distributed to families in the Kama district of

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Uzbekistan not paying commission

Trade revenues from Hairatan port have increased by 22% from last year’s revenues. According to Mr. Rahim Sadiqi, the director of Hairatan’s Land Transport, the revenues have reached 126 million Afs this year compared to 103 million Afs in 1389.

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Gold, gas, petrol prices down in Kabul

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

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Economic Development Requires Better Security: MoFA

The Afghan Foreign Minister Zalmai Rassoul said economic development requires improvement in security situation in Afghanistan. Addressing a press conference after a regional economic conference in the Tajik capital, Dushanbe, on Tuesday, Rassoul said economic projects discussed in the conference

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Kabul Residents to pay power bills through cell phones

Da Afghanistan Breshna Sherkat (DABS) on Wednesday signed a contract with the Etisalat Telecommunication Company to enable Kabul residents to pay electricity bills through mobile telephones. Under the accord, the Etisalat Company would distribute 300,000 SIM cards to power consumers

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WFP receives 41 trucks from Russia as a donation to deliver food to the hungry in Afghanistan

The Government Russia Federation donated 41 trucks to the World Food Program to support food delivery operation in Afghanistan. The donation is valued at USD 2.7 million and comprises of 40 Kamaz brand cargo trucks and one mobile workshop. The

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17 key projects to be executed in Afghanistan

Pakistan, Tajikistan and Iran signed contracts for 17 mega development projects in Afghanistan at the conclusion of the 5th Regional Economic Conference in Dushanbe on Tuesday. Agreements on the infrastructure development projects, including railway lines and the Tajikistan-Afghanistan-Pakistan-India (TAPI) gas

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