Business

Indian and Afghan officials on Tuesday signed agreements for the implementation of 108 community development projects in Afghanistan. The projects valued at $31.33 million will be executed in 31 of Afghanistan’s 34 provinces. Manpreet Vohra, Indian Ambassador to Kabul, at the signing ceremony of the agreements with Afghan officials said …

The Ministry of Commerce and Industries (MoCI) on Monday warned the defaulter companies of license revocation, saying the firms were being obliged to pay their debts within nine months.  Officials at the ministry said that they have penalized about 130,000 business licenses of companies which were failed to pay their …

Irresponsible individuals are extorting money from traders after they pay taxes in customs, said Afghanistan Chamber of Commerce and Industry (ACCI). “Security institutions including intelligence and representatives of the general attorney are extorting instead of evaluating in customs administrations,” said Khan Jan Alkozay, deputy of ACCI. According to Alkozay, the …

Afghanistan and Indonesia are keen to develop their trade relation in different industries, following the Indonesian President’s visit to Kabul this week, a spokesman for the Ministry of Commerce (MoCI) said on Tuesday. “Soon we are going to work on expanding trade relation with Indonesia and so it could pave …

The first 2,400 tons of Indian wheat shipment via Chabahar port arrived today in Kabul. The Minister of Agriculture and Irrigation, Nasir Ahmad Durrani said, “Of the 110,000 tons of wheat India is supposed to help Afghanistan, 60,000 tons of it has already arrived in Chabahar.” Afghan officials noted that …

The Ministry of Rural Rehabilitation and Development (MRRD) signed a contract worth $43 million with the United Nations International Children’s Emergency Fund (UNICEF). MRRD officials declared that the contract is allocated for the water supply plan for the years 2018 and 2019 in Afghanistan. “Around 65 percent of Afghan people …

Ministry of Economy has outlined a new plan for production of 22 items inside the country which will provide employment opportunities to thousands of people and will prevent capital outflow of $3 billion yearly, officials said Wednesday. “In total of 22 items, most of them are agricultural products e.g. flour, …

Afghanistan Chamber of Commerce and Industries (ACCI) says Uzbekistan markets could be an alternative to Pakistani markets for importing commercial products in the near future. Officials at ACCI said on Tuesday that 50 percent of all commercial products which are being imported from Pakistan, could be found in Uzbek markets. …

Afghanistan and India on Wednesday inaugurated the second air corridor between Kabul and Mumbai. The second route follows the success of the Kabul-New Delhi air corridor that has been used to export goods worth more than $20 million since mid-June. In the first flight, about 40 tons of dry and …

An official in the Afghanistan Chamber of Commerce and Industries (ACCI) on Tuesday claimed that unemployment crisis will continue in Afghanistan unless the government has not provided the investment opportunities for the private sector. “The unemployment problem increases in the country day by day and we urge the government to …

Simultaneously with the end of the 1396 fiscal year, 39 budgetary units have used less than 40 percent of its budget and 14 others have used more than 40 percent of funds allocated to them. Ariananews finds a list which reveals the budgetary units have used less than 38 percent …

The Sher Khan Bandar border crossing has been closed to Afghan traders and passengers since five days ago, the Afghanistan Chamber of Commerce and Industry (ACCI) said. ACCI has declared that Tajikistan has blocked the border crossing due to the killing of several Tajik soldiers in a clash with the …

Foreign ministers of Afghanistan, Pakistan and China will meet in Beijing next Tuesday for discussions on development and security, Chinese Foreign Ministry spokesperson Hua Chunying said. “It will be the first meeting of its kind since the three countries agreed to establish a trilateral dialogue mechanism in June,” Hua said …

The construction work on second phase of Kajaki dam in southern Helmand province will be begin soon, the Ministry of Finance said on Tuesday. The second phase development of the dam would enable the plant to produce 151 megawatts of electricity against the current 51 megawatts, said the Finance Ministry …

Afghan officials say the recent signed intergovernmental documents with Uzbekistan will rise the trade turnover index to $1 billion between Kabul and Tashkent. The documents were signed during an official visit of Afghan delegation headed by President Ashraf Ghani to Uzbekistan about a week ago.   “Our trade turnover with …

Finance Ministry has decreased the fuel tax from 12 percent to six percent in order to stabilize and reduce the fuel and gas prices in the markets, officials  at the  ministry said Thursday.  The Deputy Head of Customs in the Ministry of Finance, Najibullah Wardak, said: “We have decreased the …

The government of India has agreed to provide financial assistance of $2.87 million to Afghanistan’s Transport Network, the Indian Embassy in Kabul said in statement on Sunday.  “Continuing its long-standing development support to the people of Afghanistan, the Government of India has today agreed to provide financial assistance of US$ …

Pakistani goods will be offloaded at border crossings before being loaded on Afghan trucks, the Ministry of Transport and Civil Aviation said Tuesday. Speaking at a news conference in Kabul, the Acting Minister of Transport, Hamid Tahmasi said that the decision came after President Ashraf Ghani has ordered Pakistani trucks …

The first consignment of wheat from India to Afghanistan reached the Afghan city of Zaranj in western Nimruz province near Iranian border on Saturday via Chabahar port. The first India wheat shipment was warmly welcomed by Afghans into Zaranj City with traditional song, dance and joy. “It is an important …

Afghanistan’s Chamber of Commerce and Industries (ACCI) says that foreign companies are very interested to invest in Afghanistan. “Recently, foreign companies are very keen to invest especially in the field of mines in Afghanistan. The government must make all its efforts to ensure the security to speed this process,” said …