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Senate approves multibillion dollars gas pipeline deal

by Abasin Zaheer  The Meshrano Jirga, or upper house of parliament, on Tuesday approved the agreement on a gas pipeline running from Turkmenistan through Afghanistan to Pakistan and India. The Senate okayed the accord on the multibillion-dollar project, also known

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Afghan firm cries foul over US contract

by Muhammad Hassan Khetab & Tanh  An Afghan construction company alleged that a US firm failed to comply with its contract over building project and have been sidelined without proper notice. The Nazir Marya Private Construction Company, responsible for the

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Ghori Cement Plant Faces Bankruptcy

largest cement company is facing bankruptcy at its second cement plant if it cannot secure sufficient bank financing, the company’s officials said Saturday. The wholly Afghan-owned Ghori Cement factory established its second plant last July in the main city of

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AFGHAN ADVOCATES FOR PEACE AND DEVELOPMENT

Recommendations for the US and NATO Strategic Support in Afghanistan Beyond 2014 For consideration of all partnering nations at the Chicago Summit 2012 This Policy Recommendation (PR) is prepared by Afghan Advocates for Peace and Development (AAPD), an independent global

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British Accounting Company Blamed for Kabul Bank Scandal

The British-bsaed auditing firm, Pricewaterhouse Coopers (PwC), is being blamed for the massive fraud in which 900 million USD went missing from Kabul Bank. The firm is most likely to be sued for the Scanal. Minister of Finance Dr. Omar

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German-Sweden Funded Hospital Started in Mazar-i-Sharif

An internationally funded 360-bed hospital started operations in Mazar-i-Sharif city, the capital of northern Balkh province on Saturday, officials said. Jointly funded by Germany and Sweden, the construction of the hospital cost 14 million euros (904.9 million afs) and took

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Industries Ministry Awaits Allocation of $35m for Oil Imports

Afghanistan’s Ministry of Finance allocated US$35 million for the country to purchase oil this year, but the Ministry of Commerce and Industries officials say they still have not received it. Finance Minister Hazrat Omar Zakhilwal told TOLOnews that the money

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USAID/FAIDA Funds to Afghanistan Institute of Banking and Finance

Afghanistan Institute of Banking and Finance received a grant amount of 1.2 milliom USD from USAID/FAIDA The Afghanistan Institute of Banking and Finance (AIBF) is strengthening the financial sector through provision of long and short-term training and capacity building programme

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The Islamic Republic of Afghanistan Signs agreement of (ETDB) – Istanbul

The Islamic Republic of Afghanistan has signed the Articles of Agreement establishing the ECO Trade and Development Bank (ETDB) in order to become a member of the Bank. The signing ceremony held on March 12, 2012, at the ETDB’s headquarter

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Past Decade of Development Has Not Helped Higher Education: Minister Obaid

Afghanistan’s Minister of Higher Education said Wednesday that he was concerned the successes in the country’s development over the past decade had not transferred to the higher education sector. Low quality education and inadequate resources still plague Afghanistan’s institutions, Higher

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10 Body Language Tips to Help You Land That First Job

As a new graduate, you’ve spent hours crafting the perfect resume. The format is eye-catching and the wording is practically perfect. But you’ll need much more than a well-crafted resume if you want to land that all-important first job! You

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An overview of Ministry of Finance activities in 2011-2012

Senior staff of the Ministry of Finance held their annual activity overview meeting in Kabul Intercontinental hotel for two day on 8th May 2012. Dr. Hazrat Omar Zakhilwal Minister of Finance, Deputy Ministers of Finance, Administration, Custom and Revenue, Policy,

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Drug cartels discourage saffron cultivation

Saffron is yet to emerge as a major alternative to poppy cultivation in Afghanistan due to the presence of international drug lords, who control the lucrative drug commerce, agriculture officials said on Tuesday. In 2007, Afghanistan produced 95 percent of

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The Economic and Development Components of the Pact between the U.S. and Afghanistan

On May 1, 2012, President Obama and President Karzai signed the Enduring Strategic Partnership Agreement, a legally executive agreement between the Islamic Republic of Afghanistan and the United States of America. The agreement affirms the cooperation between the two sovereign

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Afghanistan no longer worst place for mothers: report

Better healthcare and more girls attending school have knocked Afghanistan from its position as the worst place on earth to be a mother, Save the Children said in a major report on Tuesday, but stressed the precarious nature of any

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Work on significant power projects resumes

Ministry of Water and Energy officials on Wednesday said on Wednesday that work on two power projects that were delayed for security reasons had started. The projects are aimed at increasing electricity supply to Laghman and Kunduz provinces. In an

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UN distributes aid to internally displaced families in Balkh

9 May 2012 – The United Nations has distributed humanitarian aid to 175 internally displaced families in the northern province of Balkh who were forced to leave their home due to ongoing drought and insecurity. The families from Tandorak village in

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UAE to train Afghan airport employees on new equipment

A contract has been signed between The Ministry of Transport and Aviation and a (UAE) United Arab Emirates firm for training both Kabul and Kandahar airport employees for employing new equipments. Over the past three years some modern flight safety

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Ghazni far from ready to serve as Islamic civilization capital

The Meshrano Jirgaon Sunday said southern Ghazni province would not be ready as the Asian capital of Islamic civilization by 2013 due to delays in preparatory work and urged relevant authorities to brief the house on the subject next week.

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13 govt officials held on fraud charges

The Attorney General Office (AGO) has detained 13 employees of the Ministry of Finance and Independent Directorate of Local Governance (IDLG) on charges of embezzling 25 millions afs. The employees, including three directors, were arrested on Saturday morning in Kabul,

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Gold prices up, food stable in Kabul

Prices of gold edged up during the outgoing week in Kabul, while other consumer products’ rates remained stable, retailers said on Thursday. Abdul Baseer, a jeweller in the Lycce-i-Maryam neighbourhood, told Pajhwok Afghan News the price of one gram of

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Nato Troop Withdrawal Impacting Foreign Direct Investment: AISA

The complete withdrawal of foreign troops from Afghanistan, slated for 2014, is negatively impacting foreign investment in the country, according to the Afghanistan Investment Support Agency (AISA). AISA Investment Promotion Director Rohullah Ahmadzai said the agency has noticed a decline

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Etisalat launches online SIM card registration facility

The Etisalat private telecommunication company on Wednesday launched an online SIM card registration programme to prevent fraud and forgery. Previously, SIM cards were registered on papers — a time-consuming process that involved the risk of forgery and fraud. But from

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Eftikhar takes over as new AISA chief

The newly-appointed Afghanistan Investment Support Agency (AISA) chief said he would introduce tax exemptions to help strengthen the industrial sector. Wafiullah Eftikhar, who was appointed by President Hamid Karzai on the advice of AISA’s High Commission of Investment, pledged to

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Copper extraction from Ainak mine to start next year

The process of digging historic relics at eight sites around the world’s largest copper mine in central Logar province is nearing completion and extraction work would be launched next year, a minister said on Monday. Discovered in 1974, the Ainak

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