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Category Archives: Economic News

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The Taliban are megarich – here’s where they get the money they use to wage war in Afghanistan

8th December, 2020 · admin · 8 Comments

Hanif Sufizada via The Conversation: In the fiscal year that ended in March 2020, the Taliban reportedly brought in US$1.6 billion, according to Mullah Yaqoob, son of the late Taliban spiritual leader Mullah Mohammad Omar, who revealed the Taliban’s income sources in a confidential report commissioned by NATO and later obtained by Radio Free Europe/Radio

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Posted in Drugs, Economic News, Taliban | Tags: Mullah Mohammad Yaqoob |
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230 New Cases of COVID-19, 6 Deaths Reported in Afghanistan

8th December, 2020 · admin

Tolo News: The Ministry of Public Health on Tuesday reported 230 new positive cases of COVID-19 out of 1,654 samples tested in the last 24 hours. The data by the ministry shows that the cumulative number of total cases is now 48,363, the number of total reported deaths is 1,908, and the total number of

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Posted in Economic News, Health News | Tags: Coronavirus (COVID-19) in Afghanistan |
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Afghan Recycling Business Brings An Ecological Boon

4th December, 2020 · admin

A factory in the Afghan city of Herat recycles plastic waste into filler material for insulation, pillows, and even clothing. Employing some 300 people, the factory plays an important economic role in the city as well as an environmental one.

Posted in Economic News, Environmental News | Tags: Herat, Recycling in Afghanistan |
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TAPI construction to start in Herat next year

3rd December, 2020 · admin · 1 Comment

Ariana: Minister of Mines and Petroleum Mohammad Haroon Chakhansuri on Thursday said that construction work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project will kick off next year. The minister also said that another project the ministry is working on is the construction of a 94.5 km-long gas pipeline from Sheberghan, capital city of Jawzjan province, to

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Posted in Economic News, Reconstruction and Development | Tags: Herat, Mohammad Haroon Chakhansuri |
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World Bank says Afghan central bank not sharing data needed for disbursement of $180 million

2nd December, 2020 · admin

1TV: The World Bank has said that the Afghan central bank is not giving data needed for the disbursement of $180 million allocated for the country. In a letter to President Ashraf Ghani, the World Bank’s office in Afghanistan has said that the bank is obligated to assess the country’s macroeconomic policy framework prior to

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Posted in Economic News | Tags: Ashraf Ghani Government |
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First Iranian Freight, Passenger Trains Arrive in Herat

2nd December, 2020 · admin · 6 Comments

Tolo News: Local officials in Afghanistan’s western province of Herat on Wednesday said that, for the first time, imported goods arrived in the province from Iran via the Herat-Khawaf railway. The cargo was “500 (metric) tons of cement,” said officials. Meanwhile, another passenger train carrying Iranian officials also arrived in the Ghoryan district of Herat.

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Posted in Economic News, Iran-Afghanistan Relations | Tags: Herat |
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Even If It Achieves Peace, Can Afghanistan Ever Be Financially Independent?

1st December, 2020 · admin · 10 Comments

By Nilly Kohzad December 1, 2020 Radio Free Europe/Radio Liberty Ending America’s “endless war” has been a top goal of successive U.S. administrations since more than 100,000 troops were deployed to the country a decade ago. Today, the U.S. troop presence in the country is markedly smaller, and there are expected to be around 2,500 after

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Posted in Corruption, Economic News, History, Peace Talks, US-Afghanistan Relations |
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Central Bank Chief Gave Extra Income to Appointees: Documents

1st December, 2020 · admin

Tolo News: A document seen by Tolo News suggests that Ajmal Ahmadi, the governor of the Central Bank of Afghanistan, has made dozens of new appointments over the recent months with special privileges offered to the candidates. The documents show that some of the newly appointed employees were paid more than 450,000 Afs under the

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Posted in Corruption, Economic News | Tags: Ajmal Ahmadi, Ashraf Ghani Government, Da Afghanistan Bank |
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The Taliban Crime Syndicate Waits Out Trump

29th November, 2020 · admin · 7 Comments

National Review: The good news is that Afghanistan has developed a new industry that gives it something valuable to export other than heroin. The bad news is that it is methamphetamine. Of course, the Taliban bosses are up to their turbans in the meth trade, imposing a “tax” on drug producers that puts millions and

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Posted in Drugs, Economic News, Health News, Taliban | Tags: Meth in Afghanistan |
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Donors Pledge $12 Billion For Afghanistan For 2021-24, But With Tougher Conditions

25th November, 2020 · admin · 7 Comments

Radio Free Europe/Radio Liberty November 24, 2020 The international community pledged $3 billion in development support for Afghanistan in 2021, and a total of some $12 billion for four years, but conditioned the funds on upholding human rights in the war-torn country amid faltering peace talks with the Taliban. The pledges, made at a donor

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Posted in Economic News, EU-Afghanistan Relations, Peace Talks, Security, Taliban, US-Afghanistan Relations |
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