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Herat's economy stagnated by the election process

Officials of industrialists’ union in Herat said the city was facing economic crisis due to the election process. According to the officials, traders have transferred their assets outside of Afghanistan and as many as thousand workers of Herat’s industrial city

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Deadlock over BSA causing capital flight

Delay in singing the Bilateral Security Agreement (BSA) has sparked capital flight from Afghanistan, the Afghanistan Banks Association (ABA) has warned. According to Khalil Sediq, chairman of the association, said uncertain security situations have caused businesses to decline and investments

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Afghanistan’s security accord essential for economic stability

While a majority of the 2,500-member Consultative Loya Jirga agreed to the Bilateral Security Agreement text, President Hamid Karzai has refused to sign the agreement. Karzai ended the Jirga in a rather dramatic fashion by insisting that “America cannot kill

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Afghanistan's security accord essential for economic stability

While a majority of the 2,500-member Consultative Loya Jirga agreed to the Bilateral Security Agreement text, President Hamid Karzai has refused to sign the agreement. Karzai ended the Jirga in a rather dramatic fashion by insisting that “America cannot kill

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Corruption-a major challenge ahead of Afghanistan’s economic growth

Afghan traders have once again expressed their hopelessness in the continuity of investment in Afghanistan. They have cited corruption as a major challenge ahead of investments and economic growth in Afghanistan. According to the traders, Afghanistan’s endemic corruption, bureaucratic management,

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Afghanistan acts to curb flight of capital

Afghanistan has taken new steps to combat rampant capital flight after the central bank found that the amount of dollars flown out of Kabul doubled to $4.6bn last year. Afghan officials believe many of the brick-sized stacks of $100 bills

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