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Category Archives: Economic News

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DABS to increase the price of imported electricity by 25 percent

1st May, 2016 · admin

Khaama Press: Officials in Da Afghanistan Breshna Sherkat (DABS), the state-run electricity supplying company, have said the price of imported electricity will be increased by 25 percent. DABS spokesman Wahidullah Tawhidi said the decision to increase the electricity price was taken due to the increase in the Dollar’s value against the Afghan currency. Click here to

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Posted in Economic News | Tags: Electricity |
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Afghanistan’s Airlines Face Threat of Closure

28th April, 2016 · admin

The Wall Street Journal: Afghanistan’s airlines, a vital transportation link in the war-torn country, are under threat of closure and suspension of services for allegedly flouting tax and safety rules, according to the country’s aviation authority and senior airline executives. The Afghanistan Civil Aviation Authority is accusing the industry of skirting millions of dollars in taxes and

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Posted in Economic News, Travel |
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The hidden costs of doing business in Afghanistan

28th April, 2016 · admin

Devex: Development contractors operating in Afghanistan are hopeful they have found common ground with the country’s government over a long-standing series of tax disputes that have caused some companies to consider leaving Afghanistan outright. Click here to read more (external link).

Posted in Economic News |
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Afghanistan prefers India to Pakistan for trade ties: Report

21st April, 2016 · admin

PTI: Pakistan feels it has potentially lost a great opportunity to build strategic trade ties with regional economies owing to Afghanistan’s preference for a trilateral agreement with India and Iran via Chabahar port, a media report said today. The report carried in ‘The Express Tribune’ said that Pakistan is set to lose lucrative trade deal with Afghanistan

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Posted in Economic News, India-Afghanistan Relations, Iran-Afghanistan Relations, Pakistan-Afghanistan Relations |
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Afghan farmers forced to grow poppies for living

21st April, 2016 · admin

KANDAHAR, Afghanistan, April 21 (Xinhua) — “Growing poppies and selling opium is the only way to earn a living and support my family,” Assadullah, 65, a farmer, told Xinhua on his poppy plantation in a southern province of the city recently. Working on his poppy field on the outskirts of Kandahar’s provincial capital, about 450

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Posted in Drugs, Economic News | Tags: Farming, Kandahar |
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Chabahar Accord To Be Signed Within Next Two Months

19th April, 2016 · admin

Tolo News: Officials from the Afghan Ministry of Commerce and Industries (MoCI) said Monday that the Chabahar Agreement – also known as the International Transport and Transit Corridor Agreement among governments of Afghanistan, India and Iran – will be signed in Kabul in the next two months. The ministry said that using the Chabahar Port for

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Posted in Economic News, India-Afghanistan Relations, Iran-Afghanistan Relations |
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Number of Afghan refugees returning home at record low: UN

17th April, 2016 · admin

Press TV April 17, 2016 The United Nations (UN) says the number of Afghans returning home from countries where they had sought refuge has hit a drastic low since 2001, amid continuing fighting and economic problems in the war-ravaged country. According to UN officials, some 2,200 refugees have returned to Afghanistan so far this year,

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Posted in Economic News, EU-Afghanistan Relations, Refugees and Migrants, UN-Afghanistan Relations |
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Afghanistan’s farming families head to the fields as annual poppy harvest begins

15th April, 2016 · admin

Reuters: In Zhari, a parched district north-west of Afghanistan’s second city of Kandahar, 13 year-old Naqibullah is working in his father’s poppy field, preparing for the main harvest of the year. Harvesting the poppy and collecting the resin that will be used to make opium, heroin and other drugs that eventually find their way on to

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Posted in Drugs, Economic News | Tags: Drug Addiction, Kandahar |
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Afghanistan, India, Iran Finalize Draft For Chabahar Agreement

13th April, 2016 · admin

Tolo News: Officials from Afghanistan, India and Iran on Monday finalized the draft Chabahar Agreement – also known as the International Transport and Transit Corridor Agreement among governments of Afghanistan, India and Iran. Chabahar Port is an alternative for Afghan businessmen to import and export goods through the route instead of Karachi and other ports. Click here

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Posted in Economic News, India-Afghanistan Relations, Iran-Afghanistan Relations |
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Japan pledges $22 million in fresh aid to Afghanistan

11th April, 2016 · admin

Khama Press: The government of Japan has pledged 2.4 billion Japanese Yen, equivalent to $22 million, in fresh aid to Afghanistan. The Ministry of Foreign Affairs (MoFA) said Japan has pledged to support the economic and social development in Afghanistan with the fresh aid package. Click here for more. (external link).

Posted in Economic News, Japan-Afghanistan Relations |
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