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Afghanistan, Pakistan discuss economic cooperation

The new Afghan Ambassador Hazrat Omar Zakhilwal discussed economic cooperation with Pakistan’s Finance Minister Senator Ishaq Dar on Saturday. Minister Dar welcomed Zakhilwal as the new ambassador and discussed Pak-Afghan economic cooperation with particular emphasis on steps for promoting trade

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Afghan private sector invests $105mn in 19 factories

Mohammad Qurban Haqjo, head of the Afghanistan Investment Support Agency (AISA), and Hazrat Omar Zakhilwal, senior advisor on economic officials to President Ghani, inaugurated the construction of 19 new industrial factories in capital Kabul on Tuesday. The new factories are

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EU grants € 1.4bn for the development of Afghanistan

The European Commission announced Friday new development funding of € 1.4bn to Afghanistan for the period 2014-2020. The agreement to that effect was signed between European Commissioner for Development, Andris Piebalgs, and the National Economic Adviser to President Ghani, Hazrat

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Afghan Industrialists Union call on presidential candidates to end elections stalemate

Afghan Industrialists Union urged the presidential candidates to put an end to the long elections impasse that is taking the country toward a possible economic recession. The Union head, Sakhi Ahmad Paiman, stressed that the Afghan economy could take a

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Afghan Finance Minister warns of economic crisis

In an exclusive interview with BBC News, Afghan Finance Minister Hazrat Omar Zakhilwal warned of a possible economic crisis to hit Afghanistan as a result of the election deadlock. According to Zakhilwal, the political impasse has resulted in capital flight

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US cuts off funds for seven major infra projects in Afghanistan

Millions of dollars of fund for seven key infrastructure projects in Afghanistan have been halted by the US government, and there is no sign of resuming aid. The US government had committed to bear some of the costs of Dahla

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Donors have not fulfilled their commitments made at the Tokyo Conference: Afghan Finance Minister

Afghan Finance Minister Hazrat Omar Zakhilwal said 16 out of 17 commitments made at the Tokyo Conference have been implemented. Zakhilwal made this statement at the annual accountability meeting of the Tokyo Conference board held in Kabul on Saturday. He

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Afghan government signs 4 key projects with the World Bank

The Afghan Finance Minister Hazrat Omar Zakhilwal signed agreements on four key development projects with the World Bank (WB) on Saturday. Worth USD 255.50mn, the projects include CASA-1000, Non-Formal Approach to Training Education and Jobs in Afghanistan (NATEJA), Kabul Municipal

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Afghan Finance Minister spurns SIGAR’s report as baseless

Afghan Finance Minister Hazrat Omar Zakhilwal rejected the recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) on direct assistance to the government. According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), Afghan

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Afghan Finance Minister spurns SIGAR's report as baseless

Afghan Finance Minister Hazrat Omar Zakhilwal rejected the recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) on direct assistance to the government. According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), Afghan

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Afghan products showcased at “Doing Business with Afghanistan” exhibition in New Delhi

An international exhibition was held alongside the conference entitled “Doing Business with Afghanistan” in New Delhi, India. As many as 35 Afghan firms participated in the exhibition showcasing various Afghan products like carpets, handicrafts, dried fruits, herbal medicines, saffron and

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India to stay with Afghanistan as long as needed

Addressing a conference entitled “Doing Business with Afghanistan”, Indian External Affairs Minister Salman Khurshid assured Afghanistan that India would stay with Afghanistan as long as needed. The conference, organized by the Chamber of Commerce and Industries and Foreign Affairs Ministries

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Afghan Finance Ministry signs USD 220mn contract with ADB on road projects

A contract worth USD 220mn was signed between the Asian Development Bank (ADB) and Afghan Finance Ministry on the development and expansion of Afghanistan’s linking roads. The contract includes reconstruction of the 178km Dara-Suf to Yakawlang highway, preliminary survey of

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Emphasis on fighting graft to minimize procurement process in Afghanistan

Addressing the National Procurement Conference in Kabul, Finance Minister Dr. Hazrat Omar Zakhilwal cited lack of transparency and interference as the main reasons behind the high project costs in the country. The Minister said despite the presence of internationally accepted

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Afghan, Iranian and Pakistani Finance Minister meet to discuss economic cooperation

Afghan Finance Minister Dr. Hazrat Omar Zakhilwal met with his Pakistani and Iranian counterparts, Ishaq Dar and Ali Tayebnia respectively, to discuss economic and trade cooperation. Dar and Zakhilwal conferred on next month’s Joint Working Group meeting, due to be

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Micro hydro projects to be executed in Badakhshan, promises DABS CEO

Micro hydro projects with enhanced capacities would be implemented in Badakhshan, as promised by Da Afghanistan Breshna Sherkat (DABS) CEO, Abdul Razique Samadi, during his visit to Badakhshan. According to Samadi, a micro hyrdo project would be rehabilitated in Gurm

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3 Ministers travel to support Afghan team at the SAFF final match against India

President Hamid Karzai has asked Hazrat Omar Zakhilwal, Minister of Finance; Farooq Wardak, Minister of Education; and Wais Ahmad Barmak, Minister of Urban Development, to travel to Nepal and cheer on the Afghan National Football Team, which is set to

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Safi Airways adds two new aircrafts to its fleet

In a bid to expand its services, Safi Airways have added two planes in the company’s fleet. According to the officials, the planes would be introduced on the Islamabad-Dubai route. The Afghan government and the Afghanistan Chamber of Commerce and

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Residents and provincial council support Afghan-Pak joint dam construction on Kunar River

Provincial council members and residents of eastern Kunar province have expressed willingness to support the joint hydropower dam project proposed by Afghanistan and Pakistan on the Kunar River. Afghan Finance Minister Dr. Hazrat Omar Zakhilwal and his Pakistani counterpart Minister

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Afghanistan and World Bank sign USD 12.5mn agreement on improving public pension schemes

The Afghan government signed a USD 12.5mn agreement with the World Bank on continuation of a project to provide safety nets to the country’s poorest people and improve the public pension schemes. “Reforming and upgrading the social safety and pension

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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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Afghanistan announces new incentives for investors

By Ahmadshah Ghanizada-The government of Afghanistan on Sunday announced a new package of incentives in a bid to attract foreign investment in the country as the NATO-led coalition security forces are preparing to withdraw its combat troops from Afghanistan by

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First Afghan-German Mining Resource Dialog held in Berlin

Finance Minister Hazrat Omar Zakhilwa attended the “First Afghan-German Mineral Resource Dialog “in Berlin, Germany. The senior level Afghan delegate also  included Minister of Mines Wahidullah Shahrani. The Afghan-German meeting supports development of a stable and strong private sector in

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Donors reiterate aid pledges to Afghan government

 The international community on Wednesday at the conference on the evaluation of Afghanistan’s commitments progress reaffirmed the aid pledges held out at last year’s Tokyo Conference. “Our international colleagues have once again renewed their commitment to 16 billion dollars assistance,

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Afghan Finance Minister to visit Tajikistan to confer on mega infra projects

Addressing a ceremony at the Sher Khan dry port, Afghan Finance Minister Hazrat Omar Zakhilwal said he would visit Tajikistan in the near future to discuss major infrastructure projects with Tajik leaders. The projects include railroad project and power transmission

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