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Category Archives: Economic News

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Pakistan: Afghan Peace to Boost China-Funded Regional Connectivity Effort

28th April, 2019 · admin

Ayaz Gul VOA News April 28, 2019 ISLAMABAD — Pakistan said Sunday peace in Afghanistan is key to increasing economic connectivity with Central Asian countries under China’s global Belt and Road Initiative (BRI), of which Islamabad is a major beneficiary. Pakistani Prime Minister Imran Khan told a gathering of business leaders in Beijing that leaders from

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Posted in China-Afghanistan Relations, Economic News, Pakistan-Afghanistan Relations, Peace Talks |
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How the US military’s opium war in Afghanistan was lost

26th April, 2019 · admin · 180 Comments

BBC News: Despite the incredible resources the American military were pouring in, Dr Mansfield and his team are now convinced that the US Air Force was using 21st century fighter jets to bomb little more than mud huts. Opium now accounts for around a third of Afghanistan’s GDP, he says. It is by far the country’s biggest

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Posted in Drugs, Economic News, US-Afghanistan Relations | Tags: opium, Poppy cultivation |
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Afghanistan feels impact of Iran’s economic isolation

26th April, 2019 · admin

Reuters: Afghans began moving to Iran in large numbers after the Soviet invasion in 1979 and they continued to migrate for work through decades of conflict, sending money to relatives back home that helped bolster Afghanistan’s struggling economy.  Iran’s economy has been squeezed since President Donald Trump reimposed sanctions on Iran last year after pulling out

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Posted in Economic News, Everyday Life, Iran-Afghanistan Relations, US-Afghanistan Relations |
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Afghanistan Turns To Bitcoin To Boost Economy

22nd April, 2019 · admin

PYMTS.com: Afghanistan is looking to boost its ailing economy with bitcoin. At the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in Washington, Khalil Sediq, governor at the Central Bank of Afghanistan, told The Asia Times that Afghanistan might issue a sovereign crypto bond that uses blockchain technology. The

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Posted in Economic News | Tags: Bitcoin in Afghanistan, Khalil Sediq |
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Poppies bloom across Afghanistan as drought eases

18th April, 2019 · admin · 10 Comments

AFP: A vast field of towering white poppies sways gently in the breeze, silky petals sometimes tumbling to the ground, a visible marker of the resilience of Afghanistan’s lucrative opium trade. The sight of a seemingly endless expanse of opium-producing flowers is common across rural Afghanistan, but this farm is in the centre of government-controlled Lashkar

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Posted in Drugs, Economic News | Tags: opium, Poppy cultivation |
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Afghanistan opens $1t mineral sector

16th April, 2019 · admin · 3 Comments

Khaleej Times: Afghanistan launched on Monday 43 tenders for natural resource projects as part of a global initiative to attract investment into its mineral sector that has assets estimated to be worth $1 trillion. Afghan Minister of Mines and Petroleum Nargis Nehan said 14 tenders would be opened for large-scale projects to international companies through a

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Posted in Afghan Women, Economic News | Tags: Nargis Nehan, Natural Resources, rare minerals |
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Afghanistan asks Pakistan to re-open airspace to flights to India

14th April, 2019 · admin · 1 Comment

1TV: Pakistan closed its airspace in February after India carried out airstrike, following a suicide bombing in India-controlled Kashmir that was claimed Pakistan-based militant group Jaish-e-Mohammad. The closure has doubled flying time to India, which is currently happening through Iran, increasing fuel costs for airlines and fares for passengers. Click here to read more (external link).

Posted in Economic News, Pakistan-Afghanistan Relations, Travel |
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Afghanistan’s economic growth will pick up in 2019 to 2.5%: ADB

3rd April, 2019 · admin

1TV: In 2018, the country’s economic growth was 2.2 percent. ADB said that focusing on infrastructure development will help bring about long-term growth in Afghanistan and address persistent issues affecting the country’s economic prospects, apart from security, including poor connectivity, poor access to limited energy supply, and low agriculture productivity. Click here to read more (external

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Posted in Economic News |
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Over 18M Afghans Suffer From Multidimensional Poverty: Study

31st March, 2019 · admin

Tolo News: Based on the study, 32 percent of six-member families had only one working person.  The study shows that 48 percent of families have no educated woman. The level of multidimensional poverty, according to the study, ranges from a low of 12 percent in Kabul to a high of 81 percent in Badghis province in

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Posted in Economic News, Education | Tags: Poverty |
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Siemens to supply power generation unit to Bayat Power in Afghanistan

26th March, 2019 · admin

Power Technology: Global technology company Siemens has received an order from Bayat Power to supply SGT-A45 mobile unit for the Bayat Power Phase 1 project in Afghanistan. Equipped with an aero-derivative gas turbine, the SGT-A45 mobile unit has the capacity to generate up to 41MW, enough to power approximately 200,000 homes in the region.The gas-fired power

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Posted in Economic News, Reconstruction and Development, Science and Technology |
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