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Saffron Sales Go Down By 30% In Afghanistan
Traders complain about the decline in saffron sales and said saffron sales had dropped 20%-20% in 1400 solar year. Traders called on Islamic Emirate to facilitate the export of Saffron and other Afghan products. Afghan saffron was exported to 28
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Construction Of A $50 Million Pharmaceutical Factory Begins in Kandahar
Kandahar Chamber of Commerce and Investment announced that a large pharmaceutical factory worth $ 50 million will be built in the province. Kandahar Chamber of Commerce and Investment said in a newsletter that a section of the factory with eight
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New Zealand to Fund $2 million Agricultural Project in Afghanistan
The Food and Agriculture Organization (FAO) of United Nations announced that New Zealand is willing to fund a $2 million worth agricultural project. This new project of humanitarian aid to farmers consists of distributing modified seeds, Ammonium Nitrites, trainings, and
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International Donors Commit $2.4billion To Keep Afghanistan From Humanitarian Collapse
The United Nations, Britain, Germany and Qatar pledged $ 2.4 billion in international aid to the Afghan people. The meeting was held under the name of “Afghanistan 2022 Conference” in Switzerland and was attended by representatives of 41 countries and
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Construction Of Termez-Kabul-Peshawar Railway Project Begins
Uzbek officials say work has begun on a railway project that will connect Uzbekistan to Pakistan via Afghanistan. The Uzbek railway to Afghanistan and Pakistan is the shortest route connecting Central Asia via Karachi and the ports of Gwadar and
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Qosh Tipeh, Afghanistan’s Largest Irrigation Canal, Officially Inaugurated
Qosh Tipeh, the largest irrigation canal in the country, was officially inaugurated in the presence of high-ranking officials of the Islamic Emirate. Mullah Abdul Ghani Boradar, Deputy Prime Minister for Economic Affairs, said at the opening ceremony of the largest
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Herat Sends This Year’s First $ 5-Million Shipment to Europe
Herat Chamber of Commerce and Investment announced that the province’s first export shipment worth $ 5 million was sent to Europe. The Herat Chamber of Commerce and Investment also said that the shipment included 30 trucks loaded with pistachio and
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Taliban Call On China To Include Afghanistan In Belt And Road Initiative
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs of the Islamic Emirate, met with Chinese Foreign Minister Wang Yi and asked the Chinese representative to include Afghanistan in the major “One Belt One Road” project initiated by China.
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Construction Of A $2-Million Steel Plant In Kandahar
An Afghan businessman has started the construction of a steel plant in Kandahar with an initial investment of USD 2 million. Shamsullah Atta, the founder of the factory, says that the construction work of this factory will be completed in
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Afghanistan Receives Third Shipment Of Wheat From India
Pakistani officials say India’s third shipment of donated wheat has been loaded from Pakistan’s Wagah port and is moving towards Afghanistan. Pakistani media reported that the shipment included 2,200 tonnes of wheat and was being transported in a convoy of
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Afghanistan, Pakistan Agree On Free Transit of Trucks
Pakistan and Afghanistan have agreed to allow free movement of trucks between the two countries effective March 21, 2022. “We have finally done it! Historical development on regional connectivity front! We wish to share that Pakistan and Afghanistan have allowed
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17th Round of $32mn Cash Aid Delivered to Kabul
Da Afghanistan Bank, Afghanistan’s central abnk, announced that a series of $32 million package of humanitarian aid to Afghanistan was delivered to Kabul today. The bank wrote on its Twitter page that this was the 17th package to arrive in
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Afghanistan’s Central Bank Injects $14mn Into The Market
Da Afghanistan Bank, Afghanistan’s central bank, announced that in order to stabilize the Afghani currency, the bank will sell about 14 million dollars in an auction ceremony. The central bank has asked eligible banks, money changers and monetary services companies
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Nigeria’s $1mn Aid to Afghanistan
The Organization of Islamic Cooperation (OIC) has announced that the Nigerian government has provided $1 million to the Afghanistan Humanitarian Trust Fund. The OIC announced today that it will continue to provide assistance to the needy in Afghanistan, saying that
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World Bank Approves Over $1bn in Funds to Afghanistan
The World Bank Board of Executive Directors today approved an expanded approach to support the people of Afghanistan based on the request of Afghanistan Reconstruction Trust Fund (ARTF) donors and the international community. The approach will guide the provision of
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China Seeking Ways To Access Afghanistan’s Lithium & Copper Mines
The US Special Inspector General for Afghanistan Reconstruction (SIGAR) wrote in a recent report that Chinese companies are looking for a way to access Afghanistan’s lithium and copper mines. “Chinese mining companies have been scouting opportunities to access Afghanistan’s lithium
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Kabul’s Silo Bakery Resumes Operations After A 30-Year Hiatus
Officials of Kabul’s Silo bakery said the company has started resuming operations in different areas including storing of wheat and flour, baking of bread, sweet bread, and cookies. Nasrullah Mansour, head of the Silo bakery, said that 133 people are
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U.S. Treasury Issues General License to Facilitate Economic Activity in Afghanistan
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new General License (GL) to expand authorizations for commercial and financial transactions in Afghanistan, including with its governing institutions. The GL aims to ensure that U.S. sanctions do
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Taliban Working On A New Policy To Grow Afghanistan’s Economy
Taliban’s Ministry of Economy announced that it has developed a new policy and plan to grow the Afghan economy. Abdul Latif Nazari, Deputy Minister of Economy, told a news conference in Kabul that the Ministry of Economy had prepared a
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Banning Women From Work Reduces Afghanistan’s GDP By 5%
The US Special Inspector General for Afghanistan Reconstruction (SIGAR) wrote in its latest report that banning women from working in Afghanistan would reduce Afghanistan’s GDP by 5 percent and cost the Afghan economy $1 billion. The agency wrote on its
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United Nations Provides $2bn In Humanitarian And Banking Assistance To Afghanistan Over The Past Six Months
The United Nations says it has provided nearly $ 2 billion in humanitarian and banking assistance to Afghanistan over the past six months. Da Afghanistan Bank (Central said in a press release yesterday that the bank’s officials met with Deborah
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Construction of Sardeh Dam Started in Ghazni Province
The Afghan Ministry of Energy and Water announced that work had begun on the construction of the Sardeh Dam in Ghazni province. The construction of this dam was first started in 1967. The head of the ministry, Abdul Latif Mansour,
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The World Bank Approves Transfer of $600mn To Afghanistan
The World Bank has proposed that $600 million of Afghanistan’s frozen money be transferred to Afghanistan to address the economic and educational crisis. Reuters quotes informed sources as saying that the World Bank delegation is scheduled to review the proposal
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16th Package of $32mn In Cash Delivered to Kabul
Da Afghanistan Bank announced that a series of $ 32 million package of humanitarian aid to Afghanistan was delivered to Kabul today. The central bank said in a statement that this is the 16th package to arrive in Kabul since
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15th Package of $32mn Cash Aid Arrives in Kabul
Da Afghanistan Bank, Afghanistan’s central bank, announced that the 15th package of humanitarian aid arrived in Kabul on Wednesday. Da Afghanistan Bank wrote on its Twitter page that this is the 15th package to reach Kabul and be delivered to
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