Afghan Business
Back to homepageAfghanistan-Pakistan to extend transit trade agreement
Sunday, President Karzai and his Pakistan counterpart, Asif Ali Zardari, agreed to extend the two nations’ transit trade agreement to Central Asia, which can potentially boost up bilateral and regional trade. The decision was taken on the sidelines of the
Read MoreUNESCO calls for the preservation of the historic sites in Logar
UNESCO expressed its deep concern with regard to the destruction of historic sites in Afghanistan. UNISCO officials declared that the historic sites discovered in Mis Ainak of Logar have been destroyed and continue to be destroyed, as the extraction of
Read MoreIRU membership not benefiting Afghanistran’s trade
Despite being a member of the International Road and Transport Union (IRU) since the past 37 years, Afghanistan yet has to benefit from the organization due to the decades of conflict the country has been going through. In 2010, IRU
Read MoreIRU membership not benefiting Afghanistran's trade
Despite being a member of the International Road and Transport Union (IRU) since the past 37 years, Afghanistan yet has to benefit from the organization due to the decades of conflict the country has been going through. In 2010, IRU
Read MoreChaos over the ownership of Lapis Minerals in Badakhshan finally ends
Two armed groups were fighting for three weeks in Keran Munjan district of Badakhshan over the control of Lapis-Lazuli in the district. The war finally came to an end after the local security forces and members of Badakhshan High Peace
Read MorePeople Ghoriyan district of Herat Province benefits from 14 welfare projects
Rural Rehabilitation Directorate of Ghoriyan district of Herat has announced the implementation of 14 welfare projects. These projects costing more than 27 million AFS are implemented through the National Solidarity Program budget with 10% contribution from the people of the
Read MoreUS to convince NATO member countries to support Afghanistan after 2014
The US Government is trying to convince the NATO member countries to continue their aid to Afghanistan after 2014. President Obama’s team plans to complete this step prior to NATO summit in Chicago. “Nato is clearly committed to supporting Afghanistan
Read MoreNew Agri Schemes to be implemented in Kabul
Mohammad Asif Rahimi, Minister of Agriculture, Irrigation and Livestock announced in a press conference that several projects costing USD 14.2 million would be implemented to help improve the agricultural sector of Afghanistan. These projects include protection of forests, construction of
Read MoreGerman-Afghan Long-Term Cooperation
The German Government has announced an annual aid worth 150 million Euros to Afghanistan. According to the Government Media and Information Center, GMIC, Hamid Karazai conveyed his appreciation for support of Germany during the meeting with German Foreign Minister, Guido
Read MoreAustralian Government to help Afghanistan hundred million dollars after 2014
Julia Glared Prime Minister and Stephen Smith Defense Minister of Australia announced a support of 300 Australian Dollars in joint declaration. It is declared the aim of this support will be the developing and training of Afghan security force after
Read MoreThe first pharmaceutical factory opens in Herat
Doctor Daud Shah Saba, governor of Herat, said on the day of inauguration that the pharmaceutical factory will prove to be highly beneficial for the production of quality medicines for the country and will result in the development of Herat.
Read MoreWorld Telecom Day Celebrated in Kabul
On May 16th, the Ministry of Telecommunications and Information Technology celebrated the the World Telecom Day in Kabul. The telecommunications is one of the fastest growing sectors in the economy of Afghanistan, with 86% percent area coverage in the country.
Read MoreIran-China rail track to cross Afghanistan
A 392 kilometer rail track is to be built that goes from China to Iran, crossing through Afghanistan, Tajikistan and Kyrgyzstan. Iranian Minister of Roads and Urban development, Engineer Ali Nikzad confirmed the project in the meeting with Tajik Minister
Read MoreAmu River, Afghan Tajik Oil is Sufficient, Mines Minister Says
Oil from Amu River and Afghan Tajik oil zones will not only be sufficient for Afghanistan, but also could export oil to other countries, Afghan Mines Minister Wahidullah Shahrani said today. The oil extraction bidding process will be started in
Read MoreNeighbours trying to impede mining projects: Shahrani
by Abdul Qadir Siddiqui Minister of Mines Wahidullah Shahrani on Tuesday alleged some neighbouring countries were threatening mega mine projects in order to impede Afghanistan’s economic revival. “History shows that the enemies of Afghanistan have always tried to block fruitful
Read MoreSenate 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
Read MoreAfghan 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
Read MoreGhori 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
Read MoreAFGHAN 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
Read MoreBritish 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
Read MoreGerman-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
Read MoreIndustries 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
Read MoreUSAID/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
Read MoreThe 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
Read MorePast 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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