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10% decline in Herat’s customs revenue

Officials of Customs Revenue Department have reported of a 10% decline in Herat’s customs revenue this year. According to the officials, Herat earned 11 billion AFN in customs revenue in the past eight months, which is 10% lower than previous

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Water canal to be built in Ghoriyan district

A water canal worth USD 8.5mn would be built in Herat’s Ghoriyan district, close to the border with Iran, said officials of the Ministry of Water and Energy on Monday. The project would irrigate 9,750,000 hectares of land and benefit

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Iran sanctions hurting Afghanistan’s economy

Afghanistan is repeatedly pinched as the west tightens its sanctions against Iran. Afghani currency has dropped to its lowest value against the dollar in the span of only a few weeks. The reason is linked to the high demand for

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Tehran bans imports of luxury items

Sanction-hit Iran has announced a ban on imports of luxury items-ranging from high-end cars to coffee to toilet paper. Tehran has taken this move to control the flow of money outside the country and to promote domestic products. The increasing

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Afghanistan feeling the squeeze of sanctions against Iran

Iran has recently restricted exports to Afghanistan, causing manufacturers in western Herat province to suffer. This comes amid the international sanctions imposed against Iran by the West, in a bid to force Iran to halt its nuclear program. Commodities’ prices

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