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Afghan Economy to Rebound to 3% in 2021, Rising to 4% in 2022

Afghanistan’s economic growth is expected to recover this year and accelerate next year after a sharp decline in 2020 from the coronavirus disease (COVID-19) pandemic and continued violence and instability, said a new report by the Asian Development Bank (ADB).

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Afghan Government to Launch Water & Electricity Projects Across 21 Provinces

The Afghan government has announced the launch of dozens of water and electricity projects in 21 provinces at a cost of more than half a billion dollars in the coming months. “The Archi Canal in Takhar Province and Shahrwan Canal

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Afghanistan Receives Emergency Food Assistance from China

The assistance was handed over to Afghan State Minister for Disaster Management Ghulam Bahaudin Jailani by Chinese Ambassador to Afghanistan Wang Yu during a ceremony in Kabul on Sunday. Wang said China and Afghanistan are good neighbors, friends and partners

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PVC Pipe Production Plant Inaugurated in Kandahar

The Mahmud Pashtoon Pipe Production Plant, which has started operating in the Shurandam Industrial Park in Kandahar province with an investment of about $1 million, was officially inaugurated yesterday by Minister of Commerce and Industry Nisar Ahmad Ghoriani. The factory

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Afghan Carpet Exports Down 90% Due to Air-Corridor Closures

Exports of carpets have dropped by 90% in the recent month as transportation via air-corridors were halted after the government failed to pay the money owed to the private airline companies in time. According to the Afghan Chamber of Commerce

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Afghan Female Journalist Launches News Channel in Militancy-Plagued Jawzjan Province

Neda Sadeq Oghlo established the radio-television channel Ghazal in Shiberghan, the capital city of Jawzjan province, two years ago. Residents in northern Jawzjan province face security threats as Taliban and other militant groups are active. According to locals, Taliban militants

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Afghanistan Becomes One of Major Importers of Indian Sugar

Afghanistan and Indonesia account for 48% of sugar exports from India, according to figures from Indian Sugar Mills Association (ISMA). Indonesia, being the largest importer of Indian sugar, has imported about 11.5 lakh tonnes during the period of October-March. Afghanistan

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First Review of Afghanistan’s Economic Reform Program under Extended Credit Facility Successfully Completed

The IMF team has reached a staff-level agreement with the Afghan authorities on the completion of the first review under the Extended Credit Facility arrangement. An International Monetary Fund (IMF) team led by Azim Sadikov conducted virtual discussions with the

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U.S.-China cooperation vital for faster global recovery: IMF chief

Cooperation between the United States and China, the world’s two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday. “What we see

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Afghanistan Produces Over 260,000 Tons of Chicken Meat Annually

Afghanistan is close to reaching self-sufficiency in chicken meat production, with an annual chicken meat production of over 260,000 tons. According to figures from the Ministry of Agriculture, Irrigation and Livestock, 9,247 small and big chicken farms are currently operating

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Afghanistan’s Saffron Export to India Reaches $19 Million

Afghanistan’s saffron export to India has reached USD 19.08 million in 2020, indicating an 80% increase during the past five years. In 2019, Afghanistan exported USD 17.38mn worth of saffron to India. In an effort to further promote Afghan saffron

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New Power Supply Network will benefit 8,000 Samangan Citizens

Provincial officials as well as representatives from Da Afghanistan Breshna Sherkat (DABS) and the Afghan-German Cooperation inaugurated a power supply network in Samangan on Tuesday. The network is in the Kokjar area of Hazrat Sultan District. More than 8,000 people

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Afghanistan’s Economic Growth Predicted at 1% in 2021

Growth is expected to reach one percent in 2021 and top around three percent in 2022 as the COVID-19 crisis fades, according to the latest report by World Bank. Released today, Setting Course to Recovery shows that robust agricultural growth

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Afghan Post Launches Online Postal Service System

Afghanistan’s national mailing service company, Afghan Post, now offers online postal services for the government administration. Speaking at the inaugural ceremony, Afghan Post director Ahmad Wahid Wais said the service would initially come into effect by the Ministry of Foreign

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Afghanistan-Pakistan Transit Trade Agreement Extended for Three Months

Afghanistan and Pakistan on Thursday signed a protocol for three-month extension of Afghanistan–Pakistan Transit Trade Agreement 2010 (APTTA) to facilitate movement of goods between the two countries. The protocol was signed virtually , simultaneously at Kabul and Islamabad, between Pakistan’s

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World Bank Grants $25mn To Improve Education in Afghanistan

The World Bank has approved the allocation of an additional $25 million in financing from the Global Partnership for Education (GPE) to increase equitable access to primary and secondary education in Afghanistan, particularly for girls. The new grant for the

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