Afghan Business
Back to homepage
Government Approves 225mn Afghanis Worth of Agricultural Loans
The Ministry of Agriculture, Irrigation and Livestock (MAIL) announced that it had approved more than 225 million Afghanis in agricultural loans through the Agricultural Development Fund. Officials at the ministry said two types of loans have been approved by the
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
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
Read More
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).
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More