The Economist: Founded in 2004, AIB is now the largest private bank in Afghanistan, holding one-fifth of the country’s deposit base. And it is also the most profitable. It is so trusted that it does not even pay interest on its deposits. Click here to read more (external link).
Ayaz Gul VOA News January 10, 2018 ISLAMABAD — Pakistani officials say the U.S.-led NATO military coalition in Afghanistan has offered to import vital supplies through the southwestern port of Gwadar, calling it a much shorter and economically viable route into landlocked Afghanistan. The federal minister for maritime affairs, Hasil Bizenjo, says NATO representatives proposed the
Reuters: Pension liabilities — set to swallow the equivalent of a third of the current $5 billion budget within 15 years unless something is done — typify accumulated problems the government is now trying to tackle. “Previously, they kicked the can down the road and it’s snowballing right now and needs to be fixed,” said Deputy
Khalil Noorzai Habibzada Mohammad VOA News January 7, 2018 Airstrikes on narcotics processing labs may be forcing the Taliban to seek new ways to finance their insurgency in southern Afghanistan. Taliban officials say they have established a new customs house in the Delaram district of southern Nimruz province in the southwestern part of Afghanistan. The
WPR: Illegal mining has become so integral to the Taliban’s shadow government that it has established a fully functioning mining department, known as the Dabaro Comisyoon or “Stones Commission,” to manage the taxation of extracted minerals and ores. It even issues “official” Taliban-sanctioned mining licenses. Click here to read more (external link).
KABUL, Jan. 2 (Xinhua) — Afghanistan had a 2.6 percent economic growth rate in the Afghan Fiscal Year 1396 (2016/2017), despite persist challenges, the country’s finance ministry reported on Tuesday. “We witnessed a lot of achievements in the country’s economic sector in FY-1396. Over the year, our national revenue was higher than the target, and
Press TV / December 27, 2017 Afghan and Indian authorities have attended a ceremony to inaugurate an air route between the two cities of Kabul and Mumbai amid efforts widen to boost trade between the two neighboring countries. The Kabul-Mumbai corridor was officially launched Wednesday at the Hamid Karzai international airport in Kabul. The project
Tolo News: Acting Foreign Minister Salahuddin Rabbani inaugurated Afghanistan’s first ever embassy in Greece on Monday and held talks with Greek officials during his trip to Athens. This was the first visit of a senior Afghan delegation to Greece. Rabbani said his meetings with Greek officials were aimed at strengthening political, economic and trade ties between
Mining Technology: The US administration is reportedly keen to develop Afghanistan’s extractive sector, having invested nearly $500m already. However, with rampant looting and occupation of mines by the Taliban and other insurgency groups, as well as corruption and stability concerns, some question the country’s readiness for foreign investment, as well the US administrations intentions. Click here
Asia Times: Leaked pitch to Trump administration warns of China’s goal to control key tech resource – In a presentation given to the Trump administration, published in full by Buzzfeed on Thursday, Prince outlined a plan to privatize US military operations in Afghanistan and mine rare-earth elements in the country. In addition, Prince’s Hong Kong-listed company, Frontier