Afghan Business
Back to homepageFinance ministry rules out more changes to budget
A finance ministry official said on Monday the rejection of the proposed annual budget by the Wolesi Jirgafor a second time amounted to a betrayal of the levitra basso prezzo nation. Parliamentarians have refused to approve the budget for the current year by
Read MoreIndian steel companies including SAIL forge ties with Afghanistan
Steel minister Beni Prasad Verma is headed to Kabul to sign a memorandum of understanding, as part of India’s growing economic engagement with Afghanistan. Verma will be accompanied by the heads of the ministry’s two star PSUs – SAIL and NMDC. The two PSUs are part
Read MoreAfghan Businessman Built a Mosque, School and Public Park
An Afghan businessman named Haji Amin from Parwan province established an Islamic school, a mosque and a public park in Charikar, central city of Parwan province. The total value of the properties is worth new canadian meds more than USD 4 million. According
Read More300 Female Students from Eastern Afghanistan Complete Business Training
Today some 300 young women from high schools in Jalalabad, Mehtarlam and Asadabad received certificates after completing the Taraqi Saba, or “Development for Tomorrow,” business training course arranged by the United States Agency for International Development’s (USAID) Incentives Driving Economic
Read More7 Afghan goods containers missing in Pakistan
Seven Afghanistan-bound containers carrying commercial goods of traders have been missing over the past few weeks in Pakistan, resulting in a 60 percent cut in imports through the neighbouring country, a trader representative said on Saturday. The 45-day-old issue had
Read MoreKey meeting on gas pipeline project in late May
The Afghan minister of mines has held talks with senior officials in Ashgabat on a gas pipeline running from Turkmenistan through Afghanistan to Pakistan and India, a spokesman for the ministry in Kabul said on Friday. A feasibility study for
Read MoreIncrease in Oil/Gas Revenue in Baghlan
Management officials of oil and gas in Baghlan province has reported an increase of 21% in the revenues generated from oil and gas. According to Mohammad Karim Shaheen, collection of commission from oil and gas and the rents received from
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Qaraqul (Embroidered Sheepskin) Export Rises
Ministry of Agriculture, Irrigation and Livestock (MAIL) officials said on Thursday revenue from the export of qaraqul skin (embroidered sheepskin) considerably increased last Afghan year. Last year, 320,000 skins were exported, compared to previous year’s 24,000, Deputy MAIL Minister Rahim
Read MoreWater & energy sector in critical situation
A shortage water reservoirs and sharing of the precious, but depleting, resource with neighbours have created a critical situation for the country’s water and energy sector. At a ceremony marking International Water Day in Kabul, Water and Energy Minister Mohammad
Read MoreWater & energy sector in critical situation
A shortage water reservoirs and sharing of the precious, but depleting, resource with neighbours have created a critical situation for the country’s water and energy sector. At a ceremony marking International Water Day in Kabul, Water and Energy Minister Mohammad
Read MoreFuel Purchase from Russia to Control Prices
In an attempt to control oil prices in Afghanistan, the Ministry of Commerce and Industries signed a contract on fuel imports from Russia. The Ministry officilas said that 5,000 tons of petrol purchased from Russia would reach Kabul in a
Read MoreBorrowers given 2 months to return Kabul Bank loans
The government on Tuesday gave borrowers two months time to return loans to the troubled Kabul Bank, the president’s office said. The decision came at a high-level meeting chaired by President Hamid Karzai, the Presidential Palace said in a statement.
Read MoreMunicipality doubles budget for Mazar uplift
The municipality department in northern Balkh province plans to double development funds for Mazar-i-Sharif this year, the mayor said on Tuesday. Twenty-five development projects would be implemented this fiscal year in the provincial capital, said Mayor Yunus Muqeem He said
Read MoreGovernment Revenue went up by 28%
Ministry of Finance officials have reported an increase of 28% in the government revenue for the financial year 1390. Mr. Aziz Shams, spokesperson to the Ministry of Finance, said that the revenues from 1390 have reached 98 billion Afs compared
Read MorePower Network in Jawzjan
A mega power network with power pylons carrying 500 megawatts of electricity is being established in northern Jawzjan province. The project is supported by Turkmenistan and Turkey. Initial work on the $390 million project had already been completed, he said.
Read MoreWheat Donations to more than 2000 Families in Kapisa
Wheat donations to 2120 needy families in Kapisa began today, 03 Apr 2012 and will continue for another 5 days. Sayed Mushtaq Sadat, Municipal for Kapisa Province, said that the needy families receive two sacks of wheat, 50kg each. Mr.
Read More2nd Exhibition of Afghan-Turk
The second exhibition of Afghan-Turk with the participation of 50 companies took place today, 03 Apr 2012, in Kabul. The exhibition was attended by Minister of Commerce and Industries, Turkey Ambassador, Minister of Economy, Head of Afghan Chamber of Commerce
Read MoreHelmand farmers given subsidised generators
Farmers who shunned poppies and planted other cash crops were given subsidised electric generators in Nad Ali district of southern Helmand province. Deputy district chief, Nazar Muhammad Habibi, at presentation ceremony, told media that the generators would be distributed among
Read More40 Tractors Aid to Bamyan Farmers
Program to strengthen agriculture in Bamyan began with the distribution of 40 tractors to the farmers in the province. Mohammad Tahir Atayee, Director of Agriculture and Livestock in Bamyan, said that the tractors were distributed among agriculture cooperatives to help
Read MoreReasons for budget rejection yet to be addressed: MPs
Members of the Wolesi Jirga, the lower house of Parliament, on Saturday said changes to the proposed annual budget did not address the basic reasons for its rejection. On March 18, the assembly rejected the budget due to uneven allocations
Read More1.2 billion Afs budget for Mazar Development Plan
Mazar Municipial Officials forecast a budget of over one billion Afs for the 1391 Development Plan for the city of Mazar. Mohammad Younis Muqim, Mayor of Mazar-e-Sharif, reported an amount of 1.2 billion Afs for the coming year in the
Read MoreIncrease in Herat, Kandahar Revenue
The annual revenue of western Herat province has increased to 19.98 billion afghanis ($385 million) in 2011, compared to 14.83 billion afs during the previous year. Local officials said on Saturday the Ministry of Finance had set the province a
Read MorePoor quality oil floods Kabul filling stations
Drivers complain low-quality fuel has flooded Kabul, despite the Afghanistan National Standards Authority (ANSA)’s promise to take measures to curb substandard fuel imports. Trucker Ghulam Hussain said: “The quality of oil is poor and damages diesel-run vehicles.” He complained hed
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Indian, Canadian firms to invest $ 14.6b in Hajigak iron mine
An Indian consortium and a Canadian firm would jointly invest $14.6 billion (729.4 billion afs) in developing the Hajigak iron mine, an official said on Saturday. The mine in central Bamyan province, which is estimated to hold 1.8 billion tonnes
Read MoreReturnees receive assistance in Nangarhar
The refugees department in the eastern province of Nangarhar on Friday disturbed relief items to returnees in Kunar and Laghman provinces, an official said. The assistance including tents and other materials was distributed to families in the Kama district of
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