Business

Afghanistan’s economic growth will reach 2.4 percent in the current Fiscal Year which shows a slight decline compared to last Fiscal Year, the Ministry of Economy said Sunday. According to the Ministry of Economy, the economic growth was estimated at 1.3 percent in 2015 (FY), 2.4 percent in 2016 (FY) …

With a cost of 307 million Afs, 44 development projects will be inaugurated in 17 provinces of the country, the Ministry of Rural Rehabilitation and Development (MRRD) said on Sunday. The Minister of Rural Rehabilitation and Development, Mujibull Rahman Karimi said that the projects include cementing walls and reconstruction of …

A number of Kabul residents complain about the rising prices of oil and gas, urging the government to monitor the situation and take measures to resolve the issue. However, the oil and gas enterprise links the reason of rising prices to the increase of dollar value and global oil and …

Afghan security forces have arrested 13 individuals in Herat province on charges of smuggling dollars to Iran, officials said. Following the rapid decline of Afghan currency against USD in the market, officials in Herat said that police have arrested some culprits who were engaged in smuggling US dollars to Iran. …

A number of political and Jihadi figures in invitation of Hazrat Sibqatullah Mujadadi have gathered to find a joint solution about the country’s problems, particularly brining reforms for a transparent election, reduce of violence and betterment of governance. The former President, Hamid Karzai who always was opposed of signing the …

The second annual India- Afghanistan International Trade and Investment Show, sponsored by the US Agency for International Development (USAID) kicked off today in Mumbai and will continue until 15th of September. The Mumbai trade show will feature Afghanistan’s finest textiles, carpets, gems, and jewelry. More than 600 representatives from Afghanistan, …

Afghanistan Chamber of Commerce and Industries (ACCI) has expressed optimism over the increase of trade cooperation between Afghanistan and Uzbekistan. According to ACCI, the value of exports and imports between the two countries has reached to $700 million dollars per year. “The trade deals between the two countries will increase …

As part of the government’s efforts to tackle the issue of drought in the country, the Ministry of Energy and Water has signed contracts of five water supply projects with private companies. According to the Ministry of Energy and Water, the projects will be implemented in Herat, Kandahar, Khost, Nimruz …

Japan contributes more than two million dollars to the displaced people in Afghanistan. According to the statistics of the Ministry of Refugees and Repatriation, around 360 thousand people were displaced due to war and natural disasters in Afghanistan during the current year. Japan on Wednesday announced its contribution to prevent …

Afghanistan will import 1000 megawatt electricity from Uzbekistan, the Da Afghanistan Breshna Sherkat (DABS) said on Wednesday. DABS stated that the working process of transferring a thousand MW electricity from Uzbekistan has started and will be completed by the year 2019. “The work of electricity line will be started from …

National Unity Government (NUG) has failed to properly collect the debts of old Kabul Bank, a watchdog said Sunday. It has been eight years since the Afghan government begun collecting the debate of the old Kabul Bank which was collapsed in 2010. During the former President Hamid Karzai’s tenure, $370 …

Afghanistan Chamber of Commerce and Industries (ACCI) says corruption in customs has raised the prices of imported goods and that it has also reduced the level of trade in the country. The Deputy Head of ACCI Khan Jan Alokozay said that trade is in “bad” situation in the country and …

Ministry of Mine and Petroleum (MoMP) says seeking to attract investment in the mining sector in a bid to increase government revenues. “We are attempting to get the approval of economic high council on all projects of the mining sector in order to ease the problems and boost the contracts’ …

Ministry of Public Works (MoPW) has signed contracts for building a bridge in Takhar province and reconstructing Salang Highway – linking Kabul with northern part of the country. Salang Highway will be reconstructed – beginning from Chokak village until Freshtagan Bridge in Baghlan province with an estimated length of 11 …

The Ministry of Economy (MoE) says a delegation from India is expected to visit Afghanistan in the near future to talk about economic projects with Afghanistan officials. According to MoE officials, the projects will be implemented in the fields of agriculture, energy, manufacturing and construction of roads. The value of …

The Ministry of Rural Rehabilitation and Development (MRRD) to implement 29 development projects in 11 provinces. The projects will include building roads, canals, and protective walls. It will cost about $300 million. MRRD said that the projects will provide job opportunities to many people and will be completed within six to 12 …

Afghan Ministry of Foreign Affairs (MoFA) has pleaded the U.S. to exempt Kabul-Tehran trade deals from sanctions on Iran as the country heavily relies on the Iranian port of Chabahar to improve its economy. U.S. President Donald Trump warned today that any country doing business with Iran will not trade with …

Afghanistan Women Chamber of Commerce and Industry (AWCCI) has said the lack of infrastructures and financial resources are the main challenges for the improvement of Afghan women traders. AWCCI in the second economic conference for Afghan women traders called on the government to create industrial parks for the growth of …

The World Bank has signed a new package of grant agreements with the Ministry of Finance (MoF) in support of reforms valued at $350 million. The World Bank in a statement said the reforms are designed to improve efficiency and effectiveness in government operations for better revenue mobilization and service …

Afghanistan Railway Authority (AfRA) says survey on the first 3,000km railway line has been completed in Afghanistan and that efforts are underway to provide further financial facilities for starting the project. Railway projects considered to be extremely important for enhancing Afghanistan’s exports and the overall economic growth as according to …