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Category Archives: Economic News

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Afghani sinks to lowest against dollar since 2001

18th November, 2015 · admin

ITV: The afghani has sunk to lowest against the dollar since 2001 amid deteriorating economy and security in the country. On Wednesday afternoon, one dollar was announced 68.40 afghanis –  highest dollar rate against afghanis over the past 14 years. Click here to read more (external link).

Posted in Economic News |
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World Bank: Afghan economic growth slows, but GDP projected to increase in 2016

17th November, 2015 · admin

UNAMA: While Afghanistan’s economic growth slowed in 2014, real GDP growth is projected to increase in the next two years, according to a World Bank report. The World Bank’s bi-annual Afghanistan Development Update covers recent economic developments and the medium-term outlook for Afghanistan. Click here to read more (external link).

Posted in Economic News |
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Karzai demands youths to stay, rebuild country

17th November, 2015 · admin

Ariana News: The former President, Hamid Karzai demanded Afghan youths to stay in Afghanistan. Karzai declared that instead of abandoning the country, our youths must help the country to develop with technical and professional knowledge. “Every work has dignity, we should not be ashamed of working in a restaurant or anywhere,” Karzai added. Click here

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Posted in Economic News, Refugees and Migrants | Tags: Hamid Karzai |
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Survey: Afghans Feel Country Headed in Wrong Direction

17th November, 2015 · admin

VOA News Ayaz Gul November 17, 2015 ISLAMABAD—A new nationwide survey of public opinion in Afghanistan reports 58 percent of Afghans say the country is headed in the wrong direction. The San Francisco-based Asia Foundation released its annual survey Tuesday in Kabul, saying that overall optimism has decreased across all Afghan regions. The most frequently

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Posted in Corruption, Economic News, Security, Taliban |
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Frozi Must Pay $137m Fine And Serve Full Prison Sentence: Hashemi

16th November, 2015 · admin

Tolo News: President Ashraf Ghani has ordered that Khalilullah Frozi, ex-CEO of Kabul Bank must serve out his full 10 years in prison and pay his court ordered fine of $137 million USD, said Sayed Zafar Hashemi, the deputy presidential spokesman on Monday.  He also said the president has warned against interference in the court

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Posted in Corruption, Economic News |
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Ghani Promises To Tackle Unemployment

16th November, 2015 · admin

Tolo News: Afghan President Ashraf Ghani on Monday addressed delegates at a youth Jirga for justice and reform and promised to tackle unemployment in the country and employ more young people within the administration. Addressing delegates at the Presidential Palace, who came from various provinces, Ghani said bringing reforms is government’s duty and a program

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Posted in Economic News |
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Berlin To Fast-Track Deportation Of Afghan Economic Refugees

16th November, 2015 · admin

Tolo News: The German government is reportedly planning to deport hundreds of Afghan asylum seekers who recently sought refuge in their country. Confirming the repatriation of Afghan economic migrants to their home country, German ambassador to Kabul Markus Potzel on Monday confirmed his government’s plan to deport those who fled Afghanistan because of economic issues.

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Posted in Economic News, Germany-Afghanistan Relations, Refugees and Migrants |
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Afghanistan’s Safi Airways sets aside long haul growth to focus on profitable short haul feeder role

14th November, 2015 · admin

CAPA: Safi Airways is planning a larger role in its home market of Afghanistan as the country’s outlook improves and business returns. In Afghanistan the experience is also a growing presence of hub carriers like Emirates, flydubai and Turkish Airlines. These three carriers have as much international capacity to Afghanistan as Afghan carriers have to

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Posted in Economic News |
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World Bank to provide 250 mln USD grant to Afghanistan

14th November, 2015 · admin

KABUL, Nov. 14 (Xinhua) — Under an agreement signed here Saturday, the World Bank agreed to provide 250 million U.S. dollars as grant to Afghanistan to improve its roads across the Hindukush mountains, a statement released by Afghan Finance Ministry here said. The agreement was inked by Afghan Finance Minister Eklil Hakimi and Bob Saum,

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Posted in Economic News, Reconstruction and Development |
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How joining the WTO could impact Afghanistan

12th November, 2015 · admin

DW: After nearly 11 years of negotiations, Afghanistan and the World Trade Organization (WTO) have finally agreed on the country’s terms of accession to the global trade body. But will this help revive the flailing economy?  Click here to read more (external link).

Posted in Economic News |
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