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Afghanistan’s Corruption remains to be a threat to aid uses beyond 2014

According to the Special Inspector General for Afghanistan Reconstruction (SIGAR), the USD 8bn of international annual aid pledged to the Afghanistan beyond 2014 may easily be robbed by the endemic corruption existing in the government. The international community recently pledged

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Afghanistan’s Corruption remains to be a threat to aid uses beyond 2014

According to the Special Inspector General for Afghanistan Reconstruction (SIGAR), the USD 8bn of international annual aid pledged to the Afghanistan beyond 2014 may easily be robbed by the endemic corruption existing in the government. The international community recently pledged

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What is there to be done to increase Afghanistan’s GDP?

The Afghan economy has been consistently in a low state from a historical perspective since 1960s. Afghanistan has had a traditional economic system until the invasion of the former Soviet Union. When the Soviet Union invaded Afghanistan, the country experienced

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Reward and punishment system needed to tackle corruption in Afghanistan

Leading the list of the world’s most corrupt countries, Afghanistan is continuously facing challenges from its endemic corruption. According to a recent report by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee (MEC), graft has increased at the government level,

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EU pledges 200mn Euros to Afghanistan

The European Union has pledged to give 200mn Euros in aid to the Afghan government for development of good governance, security, human rights, health sector and agriculture and livestock sector for the next seven years. “We are in the process

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Kabul’s Economy Is Worse Than Its Security Issues

Contrary to what you might expect, Afghans are more worried about money than violence. Last month, President Hamid Karzai issued a fierce rebuke of the United States. As if having imbibed the volatility of his surroundings, he accused American forces

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Kabul's Economy Is Worse Than Its Security Issues

Contrary to what you might expect, Afghans are more worried about money than violence. Last month, President Hamid Karzai issued a fierce rebuke of the United States. As if having imbibed the volatility of his surroundings, he accused American forces

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Dayani’s father writes a letter to President Hamid Karzai

Father of the former chief of Pashtany Bank writes a letter to President Hamid Karzai, whereby he has asked the President for justice. Hayatullah Dayani, Former Chief of the Pashtany Bank, received a 20 year sentence in prison for embezzlement

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Kunduz residents accuse officials of embezzling uplift funds

Residents of northern Kunduz province alleged that the uplift funds were executed to serve the interest of the National Solidarity Program officials and not to benefit the ordinary individuals. Head of the Khanabad district development council Zia-ul-Haq has denied the

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Minister of Mines and Minister of Information and Culture receive the vote of confidence

Minister of Mines Waheedullah Shahrani and Minister of Information and Culture Dr. Sayed Makhdoom Raheen received the vote of confidence from Afghanistan’s parliament after being summoned over their ministries’ budget spending on development. Eleven ministers who failed to spend more

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The first cultural exhibition held in Kabul city

An exhibition of Afghan arts, paintings, calligraphy, books and handicrafts was held in Bagh-e-Babur of Kabul city on Tuesday by the Maihan Youth Organization and the Afghan Anti-Corruption Network with collaboration from the Kabul Municipality. The organizers regarded such exhibitions important

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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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Corruption persists in customs department- Minister Zakhilwal

Afghan Finance Minister Hazrat Omar Zakhilwal called on Ministry’s officials to tackle the issue of corruption in the customs department. The efforts put into eradicating corruption in Afghanistan have had no positive results, according to the officials. Minister Zakhilwal said

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“Individuals behind Kabul Bank's collapse must be investigated”

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee criticized the special tribunal’s verdict handed down to the defendants of the Kabul Bank crisis. The special tribunal sentenced the two former executives of Kabul Bank to five years in prison and

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“Individuals behind Kabul Bank’s collapse must be investigated”

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee criticized the special tribunal’s verdict handed down to the defendants of the Kabul Bank crisis. The special tribunal sentenced the two former executives of Kabul Bank to five years in prison and

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Afghanistan Faces “Massive Economic Constriction” after U.S. Withdrawal

By Richard Sale: Next year’s drawdown of U.S. forces and decline in U.S. aid will leave in its wake an Afghan political system lacking legitimacy and stability, according to interviews with Afghanistan experts, news reports and congressional studies. Despite receiving

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Attorney General does not accept Kabul Bank’s special court verdict

The Attorney General’s Office does not agree with the verdict of the special tribunal on the Kabul Bank crisis, saying that the punishment was too soft. “We will ask for an appeal, as we concluded that the verdict issued by

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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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Nationwide protest to follow if octroi is not abolished-ACCI

The Afghan Chamber of Commerce and Industries warned nationwide protests would spark, if the government did not remove octroi. Octroi is a tax levied on various goods entering a town or city. The Cabinet recently decided to collect taxes from

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How fair was Kabul Bank scandal verdict?

By Qiam Noori-Three years ago, when nearly USD 900 million was embezzled through forged documents and fraudulent loans, Kabul Bank faced a financial crisis that brought the bank on the verge of a collapse. A special tribunal sentenced the defendants,

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Afghan businessmen exempted from intercity transit fees

By Qiam Noori-The council of ministers recently announced that no governmental institution is allowed to collect intercity transit fees from Afghan merchants. The high-ranking council says mayors of the provinces are allowed to collect transit fees, only if the merchants

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Ministry of Finance rejects Kabul Bank’s only bid

Kabul Bank’s only bid offered by a local consortium known as MTZ was rejected by the Ministry of Finance, as the firm’s plans were not consistent with the current banking system.  The officials said new recommendations would be submitted to

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Two defendants of Kabul Bank scandal receive prison sentence

Kabul Bank’s former chairman Sherkhan Farnood and former Chief executive Khalil Ferozi receive a 5 year prison sentence in today’s hearing of the case. Twenty other former employees of the bank have also been involved in the scandal. Kabul Bank

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Afghan private sector warns to halt import of basic goods

In retaliation to the collection of toll from traders at the entrance of various provinces by the Municipality, representatives of the private sector have warned the government about halting imports of basic goods, if the government continues to collect such

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USD 50mn of Kabul Bank loans to be recovered in a fortnight

Da Afghanistan Bank (DAB), central bank of Afghanistan, announced Wednesday that Kabul Bank loans worth USD 50mn would be recovered in the next two weeks through the auction of defaulters’ property. Kabul Bank, Afghanistan’s first private bank, was on the

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