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Category Archives: Economic News

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Afghanistan aims to choke Taliban smuggling funds with gemstone bourse

12th November, 2015 · admin

1TV: Afghanistan aims to deprive Taliban militants of funds from smuggled exports of the prized blue gemstone, lapis lazuli, by creating its own bourse to sell the stone, which has been traded for thousands of years in the Hindu Kush mountains. The Taliban is increasingly financed by criminal enterprises such as smuggling gemstones like lapis,

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Posted in Economic News, Taliban |
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WTO Says Afghanistan Agrees To Terms For Membership

11th November, 2015 · admin

Radio Free Europe/Radio Liberty November 11, 2015 Afghanistan on November 11 agreed to terms for joining the World Trade Organization (WTO) at a meeting with representatives from the trade body’s existing 161 members. A WTO official who attended the meeting in Geneva told Reuters that trade ministers will confirm the terms of Afghanistan’s accession during a

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Posted in Economic News |
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Turkmen, Afghan Leaders Launch Construction Of TAPI Pipeline

10th November, 2015 · admin

Radio Free Europe/Radio Liberty November 10, 2015 Turkmen President Gurbanguly Berdymukhamedov and Afghan President Ashraf Ghani have met in Ashgabat to launch the construction of a pipeline meant to pump natural gas from Turkmenistan through Afghanistan, Pakistan, and India. The proposed 1,735-kilometer TAPI pipeline is intended to carry 33 billion cubic meters of gas per year

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Posted in Central Asia, Economic News |
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36% of Afghanistan Population Under Poverty Line

9th November, 2015 · admin

Ariana News: According to a joint survey by the ministry of economic and the World Bank over 36% of the people of Afghanistan live under the poverty line. Afghan economic analysts say that the government must start investment in infrastructure projects to solve these challenges. They warned that if the government does not take serious

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Posted in Economic News |
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Frozi Bribed Officials For Housing Project: MP

8th November, 2015 · admin

Tolo News: Referring to a housing scheme contract with one of the main criminals of Kabul Bank which was later cancelled by President Ashraf Ghani, a member of Parliament claimed on Sunday that senior government officials were bribed by Khalilullah Frozi in order to get the project. “Khalilullah Frozi has been involved in frauds and

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Posted in Corruption, Economic News |
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Ghani Cancels Controversial Project With Kabul Bank Criminal

7th November, 2015 · admin

Tolo News: After mounting criticism of government over a controversial housing scheme project, President Ashraf Ghani on Saturday issued a decree invalidating the contract recently signed with a bankrupt debtor of Kabul Bank. Khalilullah Frozi – one of the main factors behind the embezzlement of Kabul Bank’s over $900 million USD – was freed from

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Posted in Corruption, Economic News |
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Government Contract With Kabul Bank Criminal Breaks Law

6th November, 2015 · admin · 1 Comment

Tolo News: Referring to government’s recent move to include bankrupt debtors of Kabul Bank to a housing scheme project, the legal experts said Friday that Afghanistan’s laws do not allow a criminal who is sentenced to ten years or more in jail to sign a contract or benefit from government privileges. Click here to read

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Posted in Corruption, Economic News, Political News |
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