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Category Archives: Economic News

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Afghan president: I would give away my head, but not water

3rd October, 2018 · admin

1TV:For centuries, most of the water from Afghanistan’s main river basins has poured to Iran and Pakistan. Afghanistan has started building dams and this has caused concerns in the neighboring countries. “On water management, I would like to make it clear that I would give away my head but not Afghanistan water,” Ghani said at

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Posted in Economic News | Tags: Ashraf Ghani, Natural Resources, water |
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‘Pakistan must work on water-sharing with Afghanistan’

1st October, 2018 · admin

Pakistan Today: Pakistan must consider working on a bilateral water-sharing agreement with Afghanistan. Leading jurist on international law Makhdoom Ali Khan stated this in a written reply to the Supreme Court. “Afghanistan is now planning to build 12 dams, in cooperation with the World Bank and India, the flow of water from River Kabul is expected to

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Posted in Economic News, Pakistan-Afghanistan Relations, Reconstruction and Development | Tags: Natural Resources, water |
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‘Too much money, too fast,’ U.S. watchdog says of struggling efforts to aid Afghanistan

22nd September, 2018 · admin

The Star: For six years, John Sopko has served as Special Inspector General for Afghanistan Reconstruction with a broad mandate to assess how U.S. cash for Afghan reconstruction is spent. His investigations have found that billions of dollars in American aid has been lost to corruption, waste and futile efforts in Afghanistan suggests Canada has likely

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Posted in Canada-Afghanistan Relations, Corruption, Economic News, Reconstruction and Development, US-Afghanistan Relations | Tags: Ashraf Ghani Government |
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Turkmenistan Eyes Supplies To Afghanistan, Pakistan With Refurbished Power Plant

9th September, 2018 · admin

Radio Free Europe/Radio Liberty September 9, 2018 Gas-rich Turkmenistan has inaugurated a refurbished and expanded Soviet-era power plant that it hopes will help it boost exports to Afghanistan and Pakistan. Turkmen President Gurbanguly Berdymukhamedov on September 8 attended ceremonies for the opening of the $1.2 billion electricity plant near the Central Asian’s southeastern region of

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Posted in Central Asia, Economic News | Tags: Electricity, Energy, Turkmenistan-Afghanistan Relations |
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German streets not paved with gold, says Ghani

6th September, 2018 · admin · 2 Comments

1TV: In an interview with German’s Bild newspaper, Ghani said that it was crucial to keep Afghans from fleeing the country by exposing the “false belief that the streets in Germany are paved with gold. That’s not the case.”   This is not the first time that Ghani criticizes migration of Afghans to Europe. In 2016, Ghani

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Posted in Economic News, Germany-Afghanistan Relations, Refugees and Migrants | Tags: Ashraf Ghani, Asylum |
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NUG Fails to Properly Collect Old Kabul Bank’s Debts: IWA

26th August, 2018 · admin

Ariana: It has been eight years since the Afghan government begun collecting the debt of the old Kabul Bank which collapsed in 2010. During former President Hamid Karzai’s tenure, $370 million of the bank’s debt was collected by the government from the overall debt of $987 million. However, since the opening of the Kabul Bank’s case,

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Posted in Corruption, Economic News | Tags: Ashraf Ghani Government, Kabul Bank, National Unity Government |
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Afghanistan: Notorious ex-banker dies in jail

24th August, 2018 · admin

Anadalou Agency: A notorious Afghan banker and former international poker player has died in a Kabul prison of heart attack, officials and local media confirmed on Friday.According to local Tolo News, Sherkhan Farnood, the former chair of defunct private lender Kabul Bank, died in prison at age 57 of a heart attack. It added that Ghafoor Ahmad, Defense

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Posted in Corruption, Economic News | Tags: Sherkhan Farnood |
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Afghanistan: Iran sanctions, dollar smuggling add to currency woes

20th August, 2018 · admin

DW: The United States’ renewal of sanctions on Iran is having an unintended knock-on effect on Afghanistan. The country’s currency is taking a beating as dollar smugglers rush to provide much-needed foreign exchange to the neighboring Iranian economy. Click here to read more (external link).

Posted in Economic News, Iran-Afghanistan Relations, US-Afghanistan Relations |
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Kabul IT Company Designs Buber, the City’s Own Online Taxi App

19th August, 2018 · admin

VOA News | August 19, 2018: People in big cities around the world typically enjoy a wide range of public transportation options. Those who own smartphones also have the choice of using some of the increasingly popular ride sharing services such as Uber and Lyft. And now, Kabul residents in Afghanistan can, too. VOA’s Haseeb Maudoodi

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Posted in Economic News, Reconstruction and Development |
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Afghanistan, The ‘Unintended Casualty’ Of U.S. Sanctions On Iran

15th August, 2018 · admin

Frud Behzan Radio Free Europe/Radio Liberty August 14, 2018 As the United States reinstates crippling economic sanctions on Iran, Washington’s ally in the region, Afghanistan, could become collateral damage. A first wave of U.S. sanctions against Iran that had been eased under a 2015 nuclear deal went back into effect on August 7, targeting the

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