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Insecurity Causes DABS Annual Loss of $3.8MN
Afghanistan’s national utility company, Da Afghanistan Breshna Sherkat (DABS), loses over USD 3.8 million annually in revenue due to failure to collect electricity bills in insecure areas. DABS head Amanullah Ghalib said that his administration cannot collect electricity bills in
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IMF projects Afghanistan’s GDP at 2.5% for 2018
The International Monetary Fund (IMF) has projected Afghanistan’s GDP for 2018 at 2.5% and inflation is forecasted to average about 5% in 2018. “Afghanistan’s GDP growth for 2018 is projected at 2.5 percent, the same rate as recorded in 2017,
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Afghanistan’s economy to grow from 2.2% to 2.6% in 2017
Afghanistan’s economic growth is projected to increase slightly to 2.6 percent in 2017 from 2.2 percent in 2016 as the country’s deteriorating security weighs on the economy, according to the latest Afghanistan Development Update series released today by the World
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Poverty gaining ground in Afghanistan
According to the Poverty Status Update report, a joint effort of the Government of Afghanistan and the World Bank, poverty has gained grounds strongly amidst buy cialis from canada security and political transition. ” The transition period between 2011-12 and 2013-14 leading to the
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Kunduz’s transport revenue goes up despite insecurity
The transport department of northern Kunduz province has collected 11.8mn Afn in revenue this year which surpasses last year’s revenue target. The provincial capital Kunduz City has seen repeated bouts of heavy fighting recently. It fell briefly to the Taliban
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Afghanistan appoints Minister of State to boost tourism
The Afghan government has appointed a Minister of State in an effort to boost tourism and increase national revenue. President Mohammad Ashraf Ghani appointed Ghulam Nabi Farahi as Minister of State for Tourism through a presidential decree. According to presidential
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Distrust over NUG continues among Afghans: New poll shows
A new poll conducted by the Center for Strategic and Regional Studies (CSRS) indicates that distrust among Afghans over the National Unity Government’s policies on economy, security and corruption continues. On the basis of the poll, almost 90% of Afghans believe
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Japan pledges support to expand Chabahar port
The Japanese government has reached an agreement with New Delhi on working for the expansion of Chabahar Port in Iran. This announcement was made by Japan’s Deputy Foreign Minister Kentaro Sonoura during his meeting with Afghan President Mohammad Ashraf Ghani
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‘Way of Pen’ society rallies to reopen schools in Kandahar
A society named ‘Way of Pen’ has launched a campaign in Spin Spoldak district of southern Kandahar province to reopen schools. Matiullah Wesa, founder of the ‘Way of Pen’ society, initiated the campaign via social media in a remote area
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Government slammed for lack of balance in next fiscal year’s budget
Members of the Civil Society Budget Advocacy Group (CSBAG)protested against the national budget for the fiscal year 1396 and called for it to be revoked by the Wolesi Jirga or lower house of the parliament. This comes as the Afghan
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Government suspends bidding on magnetite and marble stone mines in Kandahar
Kandahar Governor Dr. Humayun Azizi announced on Tuesday that the bidding process and contract signing for two precious stone mines have been suspended due to insecurity in the area. Addressing a weekly meeting with the government officials and Provincial Council
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DPG advocates for extended regional cooperation to Afghanistan
The Delhi Policy Group (DPG) in its latest report titled “The Troubling Transformations in Afghanistan” has assessed Afghanistan’s security, political and economic transformations and has advocated for extended regional cooperation to Afghanistan. The report calls for the regional countries to
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Afghanistan’s growth rate projected at 2.9% in 2017
According to World Bank’s twice-a-year South Asia Economic Focus, which was released on Monday, Afghanistan’s economic growth rate is expected to only marginally increase from 1.9% in 2016 to 2.9% in 2017. The report has cited persisting political and security
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Investment falls by 29% in Afghanistan
The Afghanistan Investment Support Agency (AISA) announced on Wednesday that investment in Afghanistan has declined by 29% in the past 9 months of the current fiscal year and investment has been on a free-fall since 2011. Addressing a press conference,
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Denmark to provide USD 150mn in aid to Afghanistan over next 2 years
The government of Denmark has pledged USD 150mn in fresh aid to Afghanistan over the next two years. The aid money will go towards implementation various welfare projects across Afghanistan. In November 2014, the Danish government had pledged USD 90mn
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International community must stay committed to Afghan support-UN
The international community must remain committed to supporting Afghanistan’s development under new President Ashraf Ghani, United Nations Assistant Secretary General Haoliang Xu said. More than two months after Ghani was sworn in, following an election dispute that ended in a
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Ring Road timeline faces security and budget issues
The Afghan Ministry of Public Works (MoPW) expressed concerns over meeting the deadline for completion of the Ring Road project. President Ashraf Ghani issued a directive earlier this week to complete the ring road project in the enxt nine months.
Read MoreBusiness confidence in Afghanistan to boost after signing of BSA
The Bilateral Security Agreement (BSA) is going to be signed on Tuesday between Afghanistan and the US government. The BSA is a key document that will determine the volume of the US troops to stay in Afghanistan after 2014. The
Read MoreNumber of tourists visiting Qargha Lake declines
Afghanistan’s favorite tourist resort has witnessed a 90% drop in its revenue due to a significant decrease in the number of tourists. This follows after last month’s gang-rape incident where 4 women were brutally raped after their vehicle was intercepted
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Factories facing stagnation in Balkh
More than 70% of factories in Balkh are facing recession, with businesses remaining stagnant. Industrialist Union officials in Balkh have cited lack of security, support from the government and investment as the main factors behind stagnation of xenical canadian pharmacy the factories. Activities
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Business climate deteriorated in Afghanistan: ACCI Business Tendency Survey Report
The Business Tendency survey report by the Afghan Chamber of Commerce and Industries (ACCI) indicated a negative business climate for major cities of Afghanistan during the last three months. The business climate is an indicator for Gross Domestic Product (GDP)
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Prolonged election process hurting mining industry in Kunduz
Mines and Petroleum department in Kunduz have reported a significant decline in the province’s mining revenue, with the figure dropping from 2.8mn AFN in 2013 to 900,000 AFN this year. Eng. Mirza Mohammad Sultani, director of the provincial Mines and
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US funding for Afghanistan tops the amount spent rebuilding Germany, Britain after WWII
The Special Inspector General for Afghanistan Reconstruction (SIGAR), John Sopko, said Afghanistan will continue to receive up to USD 10bn of aid annually from the US after the withdrawal of foreign troops. Sopko said the US had never put such
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Security remains an impediment to economic growth: ACCI
A latest report by the Afghanistan Chamber of Commerce and Industries (ACCI) has revealed that security still remains a major threat to the country’s economic growth. The report was based on a survey and interview of entrepreneurs in four provinces:
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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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