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IMF Completes First Review of Afghanistan’s Economic Reform Program

The Executive Board of the International Monetary Fund (IMF) has completed the first review of Afghanistan’s economic reform program supported by the Extended Credit Facility (ECF)  arrangement. The completion of this review makes SDR 103.6 million (about US$149.4 million) available

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Turkmenistan Interested to Invest in Afghanistan’s Marble Industry

The Afghan Ministry of Foreign Affairs announced that Turkmenistan has expressed interest in investing in Afghan marble. A statement issued by the ministry said that Foreign Minister Mohammad Hanif Atmar met with Turkmen Foreign Minister Rashid Muradov to discuss investing

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US Provides $266 million in Humanitarian Assistance to Afghanistan

The United States government has pledged over $266 million in additional humanitarian assistance to help the people of Afghanistan, whose lives are being impacted by ongoing conflict and who now are facing extreme food insecurity. This funding includes $157.5 million

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A Glimpse at Herat’s Industrial Park

Peace and security in Herat city have facilitated investors to pour their capital into more than 300 plants. In the industrial park of Afghanistan’s western Herat province, more than 300 factories and plants are operational to produce a variety of

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Afghanistan Becomes a Permanent Member of PAECO

The Wolesi Jirga (House of Representatives) of Afghanistan has announced that Afghanistan has become a permanent member of the Parliamentary Assembly of the Economic Cooperation Organization (PAECO).  Currently, Turkey, Azerbaijan, Uzbekistan, Iran, Pakistan, Kyrgyzstan, and Tajikistan are members of PAECO,

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Pakistan Launches Locally Produced Chinese CanSino COVID-19 Vaccine

Pakistan launched the locally produced Chinese CanSino COVID-19 vaccine during a ceremony held on Tuesday at the country’s National Institute of Health (NIH). Addressing the launching ceremony for the vaccine named “PakVac,” Special Assistant to the Pakistani Prime Minister on

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Countries with More Vaccinations Coming Out of Crisis Faster: IMF

Vaccinating the world is the most effective way to boost global output in the near term, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Tuesday, warning that low vaccination rates in some countries is “dangerous” for everyone. “It is

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Farah Province Produces Over 10 Tons of Honey in the Past Year

Afghan Ministry of Agriculture, Irrigation, and Livestock reported that Farah province produced over 10 metric tons of honey in the year 1399. The ministry said in a statement that beekeeping is growing in the province, and more people are growing

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Young Journalist Establishes TV Channel in Samangan to Promote Peace

By: Abdul Haleem The love for peace and dreaming peace in war-torn Afghanistan has inspired Ismael Sadat, a journalist, to establish a television channel in his home province Samangan — a bold but meaningful move seen by many. With the

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China to Invest $400 million in a Power Project in Afghanistan

A number of Chinese investors in a meeting with President Mohammad Ashraf Ghani pledged to invest $400 million in a coal-powered power plant in Afghanistan, according to a statement from the Afghan Presidential Palace. The statement said Chinese investors were

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Pakistan, Uzbekistan Exchange Goods Through Afghanistan for the First Time

A Pakistani cargo truck transported medicine from Karachi to Tashkent, Uzbekistan through Kabul earlier this month. The cargo took back a shipment of leather products from Tashkent to Pakistan’s city of Faisalabad on May 13. This marked a major milestone

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A French Company to Print 390mn Afghani Banknotes for Afghanistan

The Afghan National Procurement Authority has announced that the French company, Abirtour Fischer, will print 390 million Afghanis new bank notes for Afghanistan in the next nine months. Ahmadramin Ayaz, a spokesman for the National Procurement Authority, said that a

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Government Approves Compensation Plan for Islam Qala Customs Fire Incident

Compensation plan for the recent fire incident at Islama Qala border customs in Herat has been approved by the Government of Afghanistan. According to this plan, the Government of Afghanistan is obliged to pay compensation to all the victims of

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Kabul’s First Permanent Expo Center to Help Boost Exports

The Afghan Ministry of Commerce and Industries inaugurated the first permanent expo center in Kabul on Thursday. The purpose of the expo center is to help boost Afghanistan’s exports by connecting the country’s domestic products to regional and international markets.

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China’s Population Reaches 1.41178 Billion

China’s population on the mainland reached 1.41178 billion as of Nov. 1, 2020, the National Bureau of Statistics (NBS) said Tuesday. The figure does not include Hong Kong, Macao, and Taiwan residents and foreigners who live in the mainland’s 31

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Afghan Government to Build 10 Industrial Parks in 10 provinces

The Afghan Ministry of Industries and Commerce plans to establish ten industrial parks in ten provinces of Afghanistan this year. Fawad Ahmadi, spokesperson to the Ministry, said preliminary work on these industrial parks has already kicked off in some of

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Afghan Government Signs Agreements for Establishment of Two Factories

The Afghan Ministry of Agriculture, Irrigation and Livestock has signed contracts for the establishment of a pine nut processing company in Khost province and a raisin cleaning company in Kabul with two companies. Under the agreements, a raisin processing company

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Several Roads under CPEC in Their Final Phase: Pakistani Official

Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan’s CPEC Authority Asim Saleem Bajwa said. Several roads

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China’s Sinopharm Receives WHO Validation for Safety, Efficacy & Quality

The World Health Organization (WHO) validated on Friday the BBIBP-CorV COVID-19 vaccine developed by China’s Sinopharm for emergency use. “This afternoon, WHO gave emergency use listing to Sinopharm Beijing’s COVID-19 vaccine, making it the sixth vaccine to receive WHO validation

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Over 100,000 Afghans to Get Jobs in Gulf Countries

Under an initiative taken by the Afghan government, around 100,000 Afghans will find jobs in Saudi Arabia and around 10,000 Afghans in the United Arab Emirates. According to the Afghan Ministry of Labor and Social Affairs, the first flight of

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Afghanistan’s Looted Artifacts Are Returned

Afghan officials have handed over 33 antique items which were smuggled to the United States during the war to the National Museum. Artifacts smuggled from Afghanistan to the US were returned to the Afghan National Museum on April 29, 2021.

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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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