Archive
Back to homepageReforms in the economic system: proposed at the Delhi Summit on Investment in Afghanistan
Economic Summit in New Delhi with regards to investment in Afghanistan was held among 500 foreign delegates and a number of Afghan officials ended with a resolution. On the final resolution of the Summit, Afghanistan government was requested to bring
Read MoreEurozone agrees to support struggling banks
Eurozone agrees on bank recapitalization by using the Eurozone’s planned bailout fund, without adding to government debt. The decision will be implemented on 9th of July. The Eurozone also agreed to set up a joint banking supervisory body for the
Read MoreMajor Food Items’ Prices Decline in Kabul
The price of a 50-Kg bag of Brazilian sugar went down from 2,014 afs to 2,000 afs, and the same quantity of Pakistani rice declined from 3,040 afs to 3,000 afs. The price of a 5kg Spin Ghar ghee dropped
Read MoreDelhi Investment Summit on Afghanistan was a Success- US
The US lauded the international investment summit on Afghanistan hosted in New Delhi, India. The meeting was defined as “very very successful”. It was a very, very successful meeting, and it brought lots of international business interest, including American interest,
Read MoreBarclays boss not resigning
The boss of Barclays, Bob Diamond, announced that he will not resign after Barclays is found guilty of manipulating interest rates. Mr. Diamond condemned the bank’s employees for rigging the key lending rate to make profits for their own benefit.
Read MoreAmerican lawmaker unhappy about Afghan-China oil deal
An American Congressman, Dana Rohrabacher, expressed his concern about the Afghan-China deal of the Amu River oil basin made with China National Petroleum Corporation (CNPC). The prominent lawmaker announced to hold a Congressional hearing into the deal, since he sees
Read MoreNangarhar Departments’ unpaid power bills to Breshna Sherkat
Various government departments in Nangarhar province have outstanding power bills that have amounted to 789 million afs since 2006 that need to be paid to Da Afghanistan Breshna Sherkat (DABS). 33 million of the outstanding bills have been recently paid
Read More
Sar-e-Pul’s infra projects kick off
Six reconstruction projects are executed in northern Sar-e-Pul province on Thursday. The infrastructure projects include a school building, three community centres, a 160-metre surrounding wall for a kindergarten, 113-metre canal, three small bridges in Sar-i-Pul city, said rural rehabilitation and
Read MoreLet the CEOs take the place of Generals in Afghanistan- India External Affairs Minister
Speaking on the inauguration of Investment Summit on Afghanistan in Delhi, External Affairs Minister S M Krishna said that foreign investment and domestic private sector development can prevent ‘political or security vacuum’ from happening. The Investment Summit brought together companies
Read MoreUK on its double-dip recession, data confirms
UK’s GDP dropped 0.3% in the first quarter of the year, confirming UK’s double-dip recession phase. Households spending fell and people’s real income continued to shrink. While there was some green light on consumer spending recently, the economy would probably
Read MoreBarclays’ Deception- a ‘Systematic Dishonesty’
Barclays manipulation of interest rates looks like a deliberate strategy, which the former chief executive of Barclays Martin Taylor called it ‘systematic dishonesty’. Barclays was fined USD 450m for trying to manipulate interest rates. However, there are indications that other
Read MoreManmohan Singh: Time to Revive the once Rosy Economy of India
Indian PM Manmohan Singh called on his officials to decide on measures that would help revive India’s economic growth. India’s economic pace is at its lowest pace, expanding at an annual rate of 5.3% in the first quarter. Rupee has
Read MoreCoca-Cola increasing its investment in India
Coca-Cola has increased its investment in India in a bid to increase its market share. The investment is USD 3bn more than it had previously announced. Coke enjoys a big share of the Indian market, forming 58% share. The industry’s
Read MoreNangarhar’s Key Irrigation Canal Launched
Implemented by the USAID, Nangarhar’s Kushkak Canal was inaugurated in eastern Nangarhar province on Tuesday. The canal, flowing up to 10 km through six villages, will help irrigate 388 hectares of land and benefit 1,178 families in Surkhrod district. It
Read MoreAmerica’s Big Companies to participate in the Investment Summit on Afghanistan in Delhi
Over a dozen American companies, including big companies like DuPont, Price Waterhouse Cooper, General Electric, ExxonMobile, are participating in the Investment Summit on Afghanistan today in New Delhi. The Summit is an evidence for India’s government showing their support and
Read MoreEU asks WTO to settle row with China on ‘rare earth’ minerals
The European Union has asked the World Trade Organization (WTO) to arbitrate in a dispute about China’s restrictions on rare earth minerals such as lutetium and scandium which are important in the manufacturing of products such as mobile phones. China
Read MoreSamsung Galaxy Tab 10.1 sales banned by US court
A court has banned sales of Samsung’s Galaxy Tab 10.1 tablet in the US while it decides on the firm’s patent dispute with Apple. Apple has claimed that Samsung infringed its design patent and copied the look of its popular
Read MoreWorkshop on Civil Service Structure
In the outset of the Workshop, First Vice President, Marshal Fahim, said that commitment to homeland is more important than the expertise of employees and manages for administrative reforms. The one-day workshop, attended by First Vice President, Ministry of Economics,
Read MoreShahrukh-Katrina’s passionate moments in Yashraj Films’ untitled project!
Shahrukh Khan and Katrina Kaif recently shot for an intense romantic scene in London for Yashraj Films’ untitled project. it was an outdoor scene, in a lane in London. Now when SRK is in a romantic film, such scenes ought
Read MoreMadhuri Dixit and Sushmita Sen honoured for excellence in acting and entrepreneurship!
Bollywood divas Madhuri Dixit and Sushmita Sen were awarded for their individual excellence in the field of acting and entrepreneurship. Madhuri was awarded with the platinum diva award, while Sushmita on the other hand took away the woman entrepreneur award
Read MoreConcerns over Unauthorized Access to Telecommunication Devices
Officials at the Ministry of Communication have expressed their concern about the usage of unauthorized telecommunication devices in Afghanistan. Deputy Khair Mohammad Faizi from Afghanistan Telecommunication Regulatory Authority (ATRA) said that modern telecommunication devices are imported into the country and
Read MoreMinistry of Finance in an Effort to Consolidate International Assistance to Afghanistan
Eighteenth session of the Supervision and Solidarity of International Aid meeting was held on Tuesday in Kabul, attended by a number of donor countries to Afghanistan. The purpose of the meeting was to share documents of collaboration of partner countries
Read MoreIssue of Bank Guarantee from Afghan Traders in Karachi Port Resolved
The issue of bank guarantee receipt from Afghan importers for their goods landing in the port city of Karachi is now resolved, Afghan deputy Commerce and Industries Minister Muzammil Shinwari announced on Tuesday. The implementation of a long-awaited transit trade
Read MoreEU vision for the future revealed
EU unveils its vision for the future of monetary union. This new vision allows European authorities greater powers including the creation of a European treasury, which would have powers over national budgets. The document, released by European Council President Herman
Read MoreAfghan-Pak Joint Chamber of Commerce Inaugurated
Afghan-Pak Joint Chamber inaugurated on 26 June 2012. In response to the countless problems that have been affecting trade in Afghanistan over the past years, Afghanistan’s Chamber of Commerce and Industries made efforts to create the Afghan-Pak joint chamber. The
Read More