Asian Development Bank (ADB) officials said the organization will contribute $223 million USD to Afghanistan over the next five years in order to improve the living conditions of Afghans.
The Afghanistan’s economic growth is projected to increase slightly to 2.6 percent in 2017 from 2.2 percent in 2016 as the country’s deteriorating security weighs on the economy, The World Bank (WB) says in the latest Afghanistan Development Update series released Tuesday.
Closed three years ago, a major Pakistan-Afghanistan trade route will be reopened next month, says a senior Pakistani military commander.
At least nine districts in Badakhshan province – in the far northeast of Afghanistan – have no access to local telecommunication services, local officials said, adding that resident are using SIM cards from Tajikistan communication companies. According to them this has been an ongoing for a number of years.
The Chabahar Project was conceived fifteen years ago. But because of US-imposed International Sanctions on Iran, the project stalled for several years. During 2016 Iran reached an agreement on its nuclear program with group of World Powers known as the P5+1 (the permanent members of the United Nations Security Council –the United States, Russia, the United Kingdom, China, and France; plus Germany). The agreement lifted some of the sanctions. The sanctions easement prompted India to invest USD 500 million in an effort to build cargo berths, terminals and connecting roads and rail lines is the foundation of the strategy to improve linkage to Afghanistan and Central Asia.
Recent figures are showing rise in Afghanistan's trade with Iran, but trade with Pakistan is declining due to disturbing political ties, chairman of Pakistan Afghanistan Joint Chamber of Commerce and Industry said Saturday.
The first shipment from India, of wheat, via Iran's Chabahar Port arrived in Nimroz, in the country’s west, on Saturday.