Friday, September 29, 2023

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Business and Finance

Taliban cut power supply cables as military offensive intensifies in Baghlan

Taliban militants have cut cables supplying power to Kabul amid a heavy crackdown against them by the security forces in parts of northern Baghlan...

Afghanistan among three corrupt countries of 2015

Afghanistan has been listed third after Somalia and North Korea in the Corruption Perceptions Index 2015 of Transparency International. In Afghanistan, millions of dollars that...

President Ghani off to Switzerland for World Economic Forum

President Mohammad Ashraf Ghani has left Kabul for Davos-Klosters, Switzerland to take part in the annual meeting of World Economic Forum from 20 to...

President Ghani hails removal of sanctions on Iran as in best interest of the region

President Mohammad Ashraf Ghani in a phone to his Iranian counterpart Hassan Rouhani stressed on the diplomatic relations between the two countries and solving...

Wolesi Jirga approves budget for fiscal year 1395

The budget for fiscal year 1395 which was rejected in December finally passed Wolesi Jirga or the Lower House of Parliament with majority of...

Pakistani flour losing market in Afghanistan

Pakistani flour has been losing market in Afghanistan and is replaced with the export of Tajikistan. Pakistan’s Ministry of Commerce has decided to send a...

NPC would focus on infrastructure projects in next financial year

The National Procurement Commission (NPC) would focus on infrastructure projects in next financial year. President Mohammad Ashraf Ghani has instructed ministries and other related institutions...

Final announcement for privatizing 100% shares of New Kabul Bank

Government has issued a final announcement for privatizing 100% shares of New Kabul Bank (NKB) saying it is in “the final stages”. The announcement posted...

Afghan government identifies 227 new defaulters of Kabul Bank

The Afghan government has identified 227 new defaulters of Kabul Bank five years after the collapse of the bank which was once one of...

Afghan opium processed into heroin in Turkish labs for Europe

The director of Russia’s Federal Narcotics Control Service said on Tuesday that Turkish laboratories are processing Afghan opium into heroin for deliveries to Europe. According...

ADB to provide $275 million to Afghanistan for Energy Infrastructure

The Asian Development Bank (ADB) is providing $275 million to Afghanistan for energy infrastructure. The grant was signed between the Minister of Finance Eklil Ahmad...

World Trade Organization approves Afghanistan’s terms of accession

Afghanistan formally gained accession to World Trade Organization (WTO) during the Ministerial Conference of WTO on Thursday. The terms of accession by Afghanistan to World...

Germany announces €350 mln for Afghanistan’s reconstruction in 2016

Germany’s Minister of Foreign Affairs Frank-Walter Steinmeier has said that his country remains committed to support Afghanistan. After attending meeting of the North Atlantic Treaty...

$10b Trans-Afghanistan gas pipeline project work to begin on 13th December

The groundbreaking ceremony of the long delayed $10 billion Trans-Afghanistan gas pipeline will take place in Turkmenistan on 13th December, it has been reported. Work...

10 % Telecom Service Tax within commitments to international community

Ministry of Finance says the deduction of 10 % fees on every recharge of SIM card is based on the commitments Afghanistan has made...

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