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Afghans turning to US dollar for major business deals

The use of US dollar is becoming more prevalent among Afghan businessmen as Afghani currency remains unstable. Local businessmen find US dollar a more stable currency and use it in major deals including car deals, house purchases and land transactions.

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Afghan businessmen complain of extortions on highways

A number of businessmen have complained that local officials and  powerful figures force them to pay up to 150,000 AFN for each truck on highways. According to the businessmen, the customs taxes are up to 10,000 AFN, but they end

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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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150 Afghan businessmen ready to invest in Chabahar port

The Ministry of Commerce and Industry (MoI)  have announced that 150 Afghan businessmen are ready to invest in Chabahar port. Musafer Quqandi, spokesperson to the MoI, said the investors are provided with the needed facilities for investment by both the

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UAE to shut down 600 Afghan businesses

The United Arab Emirates (UAE), the hub for many businesses around the world, has given a 2-week deadline for 600 Afghan businessmen to wind up their businesses and leave the country. Afghan government confirms the situation and is soon visiting

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Kabul hosts the first ever India-Afghanistan Innovation Partnership Fair

The first ever India-Afghanistan Innovation Partnership Fair is convened in Q-Kabul Hotel from 4th to 5th December with collaboration from the United States Agency for International Development (USAID) and in coordination with the Indian Embassy in Afghanistan. Organized by the

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Afghan businessman keeps a USD 20,000 lion as a pet

In Afghanistan, wealth becomes conspicuous by the presence of body guards, SUVs and lavish houses. One Afghan businessman, owner of a construction company, has taken his flashy lifestyle a step further by keeping a USD 20,000 lion cub as a

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Afghans to shift 80 factories from Pakistan to Kandahar

Afghan investors have decided to shift around 80 factories from Pakistan to southern Kandahar province. The move would mark an expansion of the Afghan private sector, which is seen as the key driver of economic growth after the withdrawal of

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Boycott against Pakistan's Currency in Paktika

Businessmen and shopkeepers in southeastern Paktika province on Tuesday promised a boycott of the Pakistani currency that was causing them losses. According to the shopkeepers’ association head Gulzada, the Pakistani rupee and the US dollar were the key reason behind

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Boycott against Pakistan’s Currency in Paktika

Businessmen and shopkeepers in southeastern Paktika province on Tuesday promised a boycott of the Pakistani currency that was causing them losses. According to the shopkeepers’ association head Gulzada, the Pakistani rupee and the US dollar were the key reason behind

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