Business

The Ministry of Telecommunication and Information (MCIT) says within a month the price of internet services will be reduced by 50 percent in the country.  MCIT said that Afghanistan has got membership of the Trans-Eurasian Information Super Highway (TASIM) – a major regional initiative aimed at creation of transitional fiber …

Balkh – Istanbul air corridor, linking Afghanistan with European countries via Turkey, inaugurated on Wednesday. The inauguration ceremony was kicked off in Mawlana Jalaluddin Mohammad Balkhi International Airport in Mazar-i-Sharif City. The first flight with two tons of raisins and three tons of dried berries took off to London. According …

Afghan currency which is double in value against Pakistani rupee, being exchanged at the same value in business transactions in eastern Paktia province of Afghanistan. Local residents said that despite the authorities have imposed restrictions on the usage of Pakistani rupees, the foreign currency still being widely used in the …

The Wolesi Jirga (Lower House of the Parliament) on Monday approved the national budget for the fiscal year 2019 with a total outlay of 399 billion Afghanis. The budget plan for the solar year 1398 includes 124 billion Afghanis for development in various sectors including information technology, agriculture, transit routes, and power generation. …

The Ministry of Agriculture says the export of Afghan Saffron to markets in abroad has increased, stressing that Turkey is ready to buy 300 kilograms of saffron from Afghanistan. “Several countries have shown willingness to buy Afghan saffron including Turkey which is set to buy about 300kg of the saffron …

Afghan parliamentarians on Wednesday impeached two ministers for their failure to spend their development budget. But at the end of the session, both ministers secured votes of confidence to continue their jobs. During the session, the Transport Minister Mohammad Hamid Tahmasi and the Telecommunication and Information Technology Minister Shahzad Gul …

The Integrity Watch Afghanistan (IWA) on Sunday said that the next fiscal year’s national budget is at risk of misuse by the government and some influential figures, asserting that if the budget was approved by parliament it will have harmful consequences on development projects in the country. Syed Ikram Afzali, the head …

The first set of Afghanistan’s cargo trucks left for Europe through Lapis Lazuli route on Thursday. The trucks will cross Torghondi port in Herat into Turkmenistan, Azerbaijan, and eventually will reach to Europe after crossing Georgia and Turkey. Inaugurating the Lapis Lazuli corridor on Thursday in western Herat province, President …

The Ministry of Finance (MoF) on Sunday said that the government revenue has reached 173 billion Afghanis in the current solar year which shows an increase of 14 percent compared to last year. Addressing a press conference on the outcomes of the Geneva Conference on Afghanistan, Shamruz Masjidi, Spokesman of …

The United States has exempted the Chabahar port along with an attached railway project and Iranian petroleum shipments to Afghanistan after re-imposing sanctions on Tehran. “After extensive consideration, the United States has provided an exception under the Iran Freedom and Counter-Proliferation Act to allow Afghanistan to continue to import petroleum …

With five reforms in the past year, Afghanistan has improved its position from 183rd to 167th position in the global ease of doing business rankings, the World Bank said in its latest annual report on Wednesday. “Improving the business environment is essential for Afghanistan to stimulate domestic investment and create …

The Cabinet meeting, chaired by President Ashraf Ghani has approved in principle the national budget for the fiscal year 2019. From a total of 399 billion Afghanis national budget proposal, half of them will be paid for by Afghanistan’s domestic revenue. “Out of the total budget AFN124 billion outlay is …

The World Bank will provide $403 million to support education and rural women in Afghanistan. The agreements were signed on Tuesday by Mohammad Humayon Qayoumi, the Acting Minister of Finance and Chief Advisor on Infrastructure and Technology to the President, and Shubham Chaudhuri, World Bank Country Director for Afghanistan in …

Da Afghanistan Bank (Central Bank) says it has taken new measures against smuggling of foreign currencies particularly dollar to Iran and other neighboring countries. Following the sharp rise in the value of US dollar against Afghan currency in the market and concerns of the citizens in this regard, the Central …

The Ministry of Mines and Petroleum (MoMP) has signed the extraction contract of Badakhshan’s gold mines and Sar-e Pul’s Balkhab copper mine with two companies. According to MoMP officials, the two companies will invest $ 87 million on these projects. However, the Mining Watch Afghanistan (MWA) calls the signing of …

Government officials and businessmen laid the foundation stone for the construction of an Iron melting factory in Kabul on Tuesday which worth $20 million. Khan Mohammad Wardak, the owner of the manufacturing factory said that the factory will begin operation next year.  “We have great capacity and can make major economic activities in the future,” …

The U.S. will take into consideration the impact of American sanctions against Tehran on Chabahar port in Iran that provides a surface link between India and Afghanistan. “When it comes to Chabahar, we are in the process of reviewing the imposition of sanctions,” Alice Wells, the Principal Deputy Assistant Secretary …

Afghanistan formally inaugurated air cargo corridors with Europe, Russia, China, and the United Arab Emirates on Thursday. The inauguration was marked at a ceremony at Kabul airport that was attended by ministers and foreign diplomats. The first flight of Kabul-Europe air cargo will be initiated through Turkish airline carrying 20 …

Multiple rockets hit the Ghazni city on Thursday, while President Ashraf Ghani was there for a visit to review the situation of the province. At least two rockets landed within 300 meters of the governor’s compound where President Ghani was meeting local officials, while a third struck further off, local …

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) …