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Category Archives: Economic News

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Afghans Will Need Billions More in Aid, as US Looks to Leave

31st January, 2020 · admin

AP: Afghanistan will need vast amounts of foreign funding to keep its government afloat through 2024, a U.S. agency said Friday, even as foreign donors are increasingly angry over the cost of debilitating corruption and the U.S. seeks a peace deal with Taliban to withdraw its troops from the country. International money pays for roughly

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Posted in Corruption, Economic News, US-Afghanistan Relations |
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Afghanistan’s economy grew 2.9 percent in 2019: World Bank

22nd January, 2020 · admin

1TV: Afghanistan’s economy grew by 2.9 percent in 2019, the World Bank said in a report released on Wednesday. Previously, the Bank had forecasted 2.5 percent growth for Afghanistan in 2019. Last year’s growth was driven mainly by strong agricultural growth following recovery from drought, but lingering political uncertainty dampens private confidence and investment, the Bank

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Posted in Economic News |
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Avoiding Iran, Air Traffic Over Afghan Airspace Boosts Revenue

21st January, 2020 · admin

Tolo News: Mohammad Qasim Wafaeezada, head of Afghanistan’s Civil Aviation Authority, said Monday that with the increase in flights crossing the country’s airspace, civil aviation revenue has increased by an average of $100,000 per day. Transit flights through Afghanistan have been on the rise for the past twelve days following the accidental shoot-down of a Ukrainian

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Posted in Economic News |
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China-Built Pakistani Port Begins Handling Afghan Transit Trade

14th January, 2020 · admin

Ayaz Gul VOA News January 14, 2020 ISLAMABAD – Pakistan’s newly opened southwestern Gwadar seaport has begun handling transit cargo headed to and from landlocked Afghanistan, marking a significant outcome of Islamabad’s multi-billion-dollar collaboration with China. Officials said the first ship full of Afghan cargo containers reached Gwadar on Tuesday. The containers will be loaded

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Posted in China-Afghanistan Relations, Economic News, Pakistan-Afghanistan Relations |
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NPA’s Awarding of Massive Wheat Shipping Contracts Under Scrutiny

10th January, 2020 · admin

Tolo News:  Integrity Watch Afghanistan (IWA) on Friday criticized an agreement enabling the presidential operations unit to import thousands of metric tons of wheat from India. According to Integrity Watch Afghanistan (IWA), the National Procurement Authority (NPA) has taken the contract for shipping thousands of metric tons of Indian wheat into the country from one

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Posted in Corruption, Economic News | Tags: Ashraf Ghani, Ashraf Ghani Government |
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Afghanistan, Iran Could See a Boost in Trade Unless Washington Interferes

2nd January, 2020 · admin

Michael Hughes: Tehran is looking forward to enhancing trade ties with Afghanistan in the coming months once a railway project connecting the two countries is finalized. However, although the United States has refrained from interfering in the development of this endeavor, Washington may take action to ensure anti-Iranian sanctions are effectively isolating Tehran as tensions continue

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Posted in Economic News, Iran-Afghanistan Relations, Opinion/Editorial, US-Afghanistan Relations |
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9 Billion Afghanis To Be Transferred To Ministry Of Finance Against Law

29th December, 2019 · admin

Ariana: This is the third time that the ministry of finance will transfer at least nine billion Afghanis to its treasury which is against the law, said officials in the lower house.   “The treasury of the ministry of finance is empty, and that’s why employees haven’t received their salaries,” said Ramazan Bashardust, member of the lower

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Posted in Corruption, Economic News, Political News | Tags: Ashraf Ghani Government, Parliament, Ramazan Bashardost |
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Iran, Afghanistan to link up through railway in March: Official

29th December, 2019 · admin

Press TV December 29, 2019 A senior Iranian official says a major railway connecting Iran and neighboring Afghanistan will be ready in March as construction of a key cross-border line is nearing completion. Abbas Khatibi, a deputy to Iran’s transportation minister, said on Saturday that the Iran would link up Afghanistan to its railway once construction

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Posted in Economic News, Iran-Afghanistan Relations |
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Despite Exemptions, US Sanctions Hinder Trade in Chabahar Port

28th December, 2019 · admin

Tolo News: Officials in Kabul said recent US sanctions against Iran have affected Afghan investors’ trading through Iran’s Chabahar Port – which is otherwise considered a good alternative for Afghanistan-Pakistan trade routes. For example, business owners have not received payment for a talc shipment – comprised of 50 containers – which was exported to India eight

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Posted in Economic News, Iran-Afghanistan Relations, US-Afghanistan Relations | Tags: Chabahar |
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India, Iran agree to accelerate Chabahar port project

24th December, 2019 · admin

1TV: India and Iran have agreed to accelerate Chabahar port project, Indian foreign minister has said. Subrahmanyam Jaishankar said that the agreement was reached during a meeting with his Iranian counterpart Javad Zarif who was visiting India. The Indian-backed Chabahar port complex on Iran’s coast along the Gulf of Oman is being developed as a transportation

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Posted in Economic News, India-Afghanistan Relations, Iran-Afghanistan Relations | Tags: Chabahar |
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