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First spinning factory opened in Afghanistan

Afghanistan’s first spinning factory has been inaugurated with an initial capital of USD 1.5mn. The opening ceremony was attended by officials from the government and the Afghanistan Investment Support Agency (AISA). “We were based in Peshawar, Pakistan before, but now

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Afghanistan can contribute to the formation of a new Euro-Asia economic architecture: Karzai

President Hamid Karzai attended the 5th Euro-Asia Economic Forum, which is held in China’s Shaanxi Province under the theme of “Forum concrete Collaboration to Mutual Boom”. Sharing the investment opportunities and potentials of Afghanistan, Karzai emphasized on the strategic location

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Afghan business delegation heads to Pakistan

An Afghan business delegation is heading to Pakistan to attend an exhibition and confer on business ties between Afghanistan and Pakistan. The delegation consists of businessmen from various sectors such as construction, agriculture and electricity. The exhibition is held in

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Afghanistan, Kazakhstan confer on trade and economic ties

At the 6th session of the Kazakh-Afghan Intergovernmental Commission for Trade and Economic Cooperation, the two parties discussed various spheres of cooperation for 2014. The session, held on September 16-17 in Kabul, was attended by representatives of a number of

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10% increase in Afghanistan’s vegetable and fruit exports

Afghanistan Export Promotion Agency has reported a 10% increase in Afghanistan’s fruits and vegetables export during the first six months of the current fiscal year. Sayed Azim Mustafa Hashemi, Head of the Agency, attributed the boost in exports to suitable

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Afghan government yet to provide land for Kabul industrial park

The Afghanistan Investment Support Agency urged the government to fulfill its promise of allotting lands for an industrial park in the Kamari area of Kabul. AISA head Wafiullah Iftikhar alleged that government had promised to provide 1,500 acres of land

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Afghan leather handicraftsmen complain about lack of cooperation from the government

By Mohammad Naeem: Afghan leather handicraftsmen have called on the government for support and supplying of facilities to develop their industry. These handicraftsmen, in an exhibition of their hand-made leather products, complained about the Afghan government for not being supportive

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Karakul sheep increase in number in Jawzjan province

According to livestock officials, as many as 300,000 Karakul sheep are found in Jawzjan province. Owed to the suitable weather conditions and improvement in the feed, Karakul sheep has increased from 200,000 to 300,000 this year. Livestock officials Abdul Ahad

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Fire sweeps through a multi-story market in Mazar-e-Sharif

A multi-story market on the Maulana Jalaluddin Balkhi street in Mazar-e-Sharif was gutted by fire on Friday at around 4pm, destroying at least 200 shops. According to Balkh Chief Col. Abdul Razaq Qadri the flames leaping from three portions of

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$50 Million Grant to Boost Economic Growth and Fiscal Sustainability in Afghanistan

The World Bank today approved a US$50 million grant, through International Development Association (IDA), to help Afghan Government reinforce legal, regulatory and institutional reforms. The Development Policy Programmatic Series: “Promoting Economic Growth and Fiscal Sustainability”, which is a series of two

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Afghan finance minister accuses foreign media propaganda for the declining Afghani

Speaking at a press conference in Kabul on Sunday, Afghan Finance Minister Hazrat Omar Zakhilwal alleged that the foreign media painted a negative picture of Afghanistan’s economy situation after 2014—a propaganda that has resulted in the declining value of the

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A possible economic downturn to follow after 2014

Afghan Commerce and Industries Minister Anwar-ul-Haq Ahadi warned that the economic development of Afghanistan would be hit hard after 2014, when the foreign forces are scheduled to withdraw from Afghanistan. This comment comes in contradiction to assurances offered by his

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Afghan companies showcase their agro products

Seventeen companies displayed 80 types of agricultural products in an exhibition held in Kabul on Sunday. Funded by the United States Agency for International Development (USAID), the exhibition was aimed at marketing and increasing exports. Meanwhile, Head of the Afghanistan

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Indian investors enthusiastic about investing in Afghanistan

At the “2nd Conference of Indian Investors” held in Kabul, Indian investors expressed their interest in investing in Afghanistan’s several economic sectors in a bid to strengthen economic ties between the two nations. Officials from the Indian Embassy said a

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Marketplace for Afghan women to be built in Kabul city

The Kabul Municipality has undertaken the plan for constructing a marketplace for Afghan women in Kabul city. The purpose of the marketplace is to enable Afghan women to promote and expand their businesses and become financially self-sufficient. Funded by Kabul

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ACCI survey reveals more than 50% of Afghan private firms are optimistic about future

According to a survey conducted by the Afghanistan Chamber of Commerce and Industries (ACCI), 57% of Afghan private firms were optimistic about their future in Afghanistan. ACCI Chief Mohammad Qubran Haqjo said more than 900 officials at small, medium and

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Qatar interested in investing in Afghanistan

Led by Qatari Businessmen Association Chairman Sheikh Faisal Bin Qasim Althani, the Qatari delegation met with President Hamid Karzai to discuss investment opportunities in Afghanistan. Present in the meeting were Finance Minister Hazrat Omar Zakhilwal, Foreign Minister Zalmai Rassoul and

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Afghan imports decline at Hairatan Harbor while exports go up

According to Hairatan Harbor officials, imports have decreased by 46% as at March of this year compared to last year, while exports show an increase of 67%. Head of Hairatan Harbor Services Office, Mohammad Yaqub Zazai, cited disappearance of goods at

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Center for Afghan women’s economic development inaugurated in Kabul

Funded by the U.S. Department of Defense Task Force for Business and Stability Operations, the International Center for Afghan Women’s Economic Development (ICAWED) was inaugurated on the American University of Afghanistan (AUAF) campus in Kabul on Saturday. The center will

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2032-Yet another deadline for Afghanistan

The International Monetary Fund (IMF) in its recent report has warned of cash crunch ahead of the Afghan government. In its assessment, the IMF has estimated Afghanistan’s current account deficit at 45% of gross domestic product and has postponed the

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What is there to be done to increase Afghanistan’s GDP?

The Afghan economy has been consistently in a low state from a historical perspective since 1960s. Afghanistan has had a traditional economic system until the invasion of the former Soviet Union. When the Soviet Union invaded Afghanistan, the country experienced

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Afghanistan signs cooperation agreement with Saudi Arabia Kingdom

The Kingdom of Saudi Arabia and Afghanistan inked a general cooperation agreement in Almaty on April 26. According to a statement release by Afghan Foreign Ministry, the agreement was signed between Foreign Minister Dr. Zalmai Rassoul and the Saudi Deputy

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Afghan businesses plan to expand, despite post-2014 uncertainty

What will happen to Afghanistan’s security after 2014 when foreign forces will withdraw from Afghanistan? Many Afghans are anxious about the answer to this question. What will be the situation of security post 2014 creates anxiety when it comes to

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Underground market established in Balkh

An underground market in Balkh’s capital city, Mazar-e-Sharif, was inaugurated Wednesday by the city’s municipal. Mohammad Muqeem said the market is built at a total cost of 49,700,000 AFN with funds provided by a private business enterprise in Balkh. According

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Afghan – Turk International T’Expo III

Afghanistan Chamber of Commerce and Industries (ACCI) and Afghan-Turkish Industrialists & Businessmen Association (ATSIAD) in collaboration with TUSKON (Turkish Confederation of Businessmen and Industrialists) will organize the Afghan-Turk International T’Expo III in order to boost business relationship and partnership of

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