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Afghan Finance Ministry receives aid to pay public employees’ salaries

The United States Agency for International Development (USAID) pledged USD 75mn in aid to Afghan government to pay the salaries of public employees. This comes as the Afghan treasury faced a major budget shortfall and called on donor countries for

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CEO Abdullah Abdullah stresses on economic reforms

Chief Executive Abdullah Abdullah held his first economy meeting with the Council of Ministers on Tuesday. Regarding the economy as the second largest challenge, he called for immediate reforms to be made in the economic sector. He assigned several ministers

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Afghan Finance Ministry increases tax on E-80 Petrol, L-05 Diesel Oil

The Afghan Finance Ministry has hiked imports on E-80 Petrol and L-05 Diesel Oil in an attempt to tackle the imports of low quality fuel into Afghan markets. The Council of Ministers had banned imports of sub-standard fuel but reversed

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Hole in Afghan budget to have negative impact on development projects

Afghan Ministry of Finance has expressed concerns at the USD 375mn hole in the government budget for this year. The shortfall is likely to threaten public projects and civil servants’ salaries, putting the war-torn country in a deep stress as

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Afghan Finance Ministry’s revenue increases by 300mn AFN

Afghan Finance Ministry official said revenue of the Medium Taxpayer Office (MTO) increased by 300mn AFN compared to the previous year. Addressing a press conference in Kabul, MTO Director Subhanullah Fahimi said the ministry’s income reached 10.6bn AFN, indicating a

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Kru Capital purchases New Kabul Bank for USD 28.5mn

Afghan Ministry of Finance (MoF) have reported that the New Kabul Bank has been purchased for USD 28.5mn by Kru Capital whose technical offer received 80 marks. The winner initially appeared to be CBGI who had offered USD 21 million;

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Local officials disapprove the construction contract of Khost Airport

Local officials have called on the Ministry of Transportation and Aviation to reconsider the construction contract of Khost International Airport project and award it to a professional and competent construction company. According to the officials, the current company working on

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Afghan Finance Ministry promises support to Badakhshan University

Afghan Finance Minister Dr. Hazrat Omar Zakhilwal has earmarked USD 1mn for the establishment of two new faculties at Badakhshan University and promised to send 5 of the University graduates abroad for higher education. The Ministry could not fulfill this

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Afghan Finance Ministry allocates USD 1mn for designing Bakhshabad dam

Farah Governor Mohammad Akram Khpelwak said the Finance Minister has allocated USD 1mn for a detailed design of the Bakhshabad dam in Farah province. According to the Governor, the contract for designing the dam was signed last month with a

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Corruption at the Afghan government level on the rise

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee (MEC) said graft at the government level has increased, with most of it stemming from the national sources of income, mainly customs. This indicated the lack of commitment from the government towards

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