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Depreciating Afghani causing price-hike in the market

The increasing prices of essential commodities has become intolerable among the Afghan people. The Lower House of the Parliament summoned Finance Minister Hazrat Omar Zakhilwal, Chief of the Central Bank Noorullah Dilawari and Deputy Commerce and Industry Minister Muzammil Shinwari

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Afghan MPs reject 2014 draft budget

A number of parliamentarian members have declined the 2014 budget proposal presented by the Afghan Ministry of Finance. Finding the budget unbalanced, lawmakers said the draft was full of deficiencies and not according to the law. Earlier this week Finance

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Declining foreign aid shrinks Afghan ministries' budgets

The Senate summoned Finance Minister Dr. Hazrat Omar Zakhilwal to confer on the government’s budget draft for next year. Minister Zakhilwal said the budget of a number of ministries would be lower in 2014 than in the past due to

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Declining foreign aid shrinks Afghan ministries’ budgets

The Senate summoned Finance Minister Dr. Hazrat Omar Zakhilwal to confer on the government’s budget draft for next year. Minister Zakhilwal said the budget of a number of ministries would be lower in 2014 than in the past due to

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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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Afghan Finance Minister heads for Washington for IMF-WB spring meeting

Finance Minister Hazrat Omar Zakhilwal left for Washington on Monday to attend the spring meeting of the World Bank (WB) and the International Monetary Fund (IMF). Leading a high level delegation, Minister Zakhilwal will attend the plenary session of the

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Afghan Intellectuals Explore Development Potential in Afghanistan during 2014-24

Kabul, Afghanistan, April 04, 2013—Today, more than a hundred Afghan intellectuals gathered at the first Fulbright Alumni Conference to explore challenges and opportunities during the Afghanistan decade of development 2014-24 at Kabul Intercontinental Hotel. The daylong conference aims to contribute

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Finance Minister cynical about the US commitments

Afghan Finance Minister Hazrat Omar Zakhilwal told media on Tuesday that the Afghan government has asked Washington to release the USD 825mn aid within the next two months. With regards to the US commitments to Afghanistan, Minister Zakhilwal expressed his

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Kabul to Seek More Control Over U.S. Aid

Wall Street Journal- By Nathan Hodge Afghanistan this week plans to ask during President Hamid Karzai’s Washington visit for more U.S. assistance to be channeled directly to government coffers, the country’s top finance official said. Control over aid money has

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Minister of Finance visits Uzbekistan

Dr. Hazrat Omar Zakhilwal minister of finance along with Mr. Abdul Raziq Samadi Director General of Afghanistan Brishna Shirkat visited Uzbekistan on 17th December 2012. They met with Mr. Rustam Azimov Uzbek government Vice President and minister of finance, Ms.

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Proposed budget presented to the House of Representatives

After the Senate’s approval of the budget, Finance Minister Omar Zakhilwal presented the draft budget for the next fiscal year, beginning on 21 December, to Wolesi Jirga or the House of the Representatives. Minister Zakhilwal explained that 70% of the

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Japan’s million dollar aid to Afghanistan’s agriculture sector

Finance Minister Hazrat Omar Zakhilwal signed the USD 18.5mn contract with Hiroshi Takashi, Japan’s ambassador to Afghanistan, and the Head of the Asian Development Bank, Joji Tokeshi, on Wednesday. The aid money is allocated for construction of cold storage rooms,

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Afghan high officials link currency fall to false rumors

As the Afghani plummeted against the dollar in the market ($1=53.2AFN), rumors about the currency situation worsening are boiling up. Present at a Wolesi Jirga meeting, Minister of Finacne Omar Zakhilwal, Minister of Economy Abdul Hadi Arghandiwal and Da Afghanistan

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No major financial crisis in Afghanistan post 2014- Minister Zakhilwal

Speaking at the House of Representatives on Tuesday, Finance Minister Hazrat Omar Zakhilwal assured the legislators that Afghanistan will not face a major financial crisis after 2014, when many of the foreign troops withdraw from the country. There have been

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Expansion and intensification of Afghan German Development Cooperation

Today, the Minister of Finance of the Islamic Republic of Afghanistan, Dr. Hazrat Omar Zakhilwal (MoF), and Dirk Niebel, Federal Minister for Economic Cooperation and Development (BMZ) of the Federal Republic of Germany, officially signed the summary record of the

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