Business

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) …

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 …