Sunday, March 3, 2024

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Business and Finance

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...

Germany starts eight disaster prevention projects in Badakhsha’s remote areas

Germany has started eight disaster prevention projects in four remote districts of northeastern Badakhshan province. The projects started last week include protection walls, irrigation canals...

Turkmenistan completes a section of Turkmenistan-Afghanistan-Tajikistan railway

A section of Turkmenistan-Afghanistan-Tajikistan railway construction which falls within the Turkmen soil has been completed, it has been reported. According to a statement released by...

NPC approves 10 contracts worth of AFG822 million

The National Procurement Commission (NPC) has approved 10 contracts worth of AFG822 million. A statement released by Presidential Palace “ARG” on Sunday states that these...

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