Pakistan’s crackdown against Afghan nationals illegally staying in the country is badly hitting the famed Afghan carpet business, as a large number of artisans have left Peshawar and other parts of the country.

The high economic council has announced that a women’s chamber of commerce and industries will be established in the near future to help the businesswomen expand their economic activities.

Afghanistan and Germany will jointly invest nearly 70 million euro for the establishment of a modern Sukuk printing company, allowing the country to print its own money, the General Directorate of Enterprises and Government Companies announced.

The closure of Torkham crossing has created many problems for residents and businessmen in a number of provinces located along the Durand Line, local businessmen and residents said.

Germany plans to support the reconstruction of Afghanistan with 240 million euros (257 million dollars) in aid, adding another country to the list of nations to receive funds from Berlin this month.

The government of India intends to spend around $450 million in housing projects in Afghanistan, it has been reported.

The Ministry of Urban Development and Housing informed regarding India’s intention following a meeting between the Indian Ambassador Manpreet Vohra and Minister Syed Sadat Mansoor Naderi.

If the absence of a full-time minister and the consequential fragility of the ministry of mines, is not addressed, it would have negative repercussions for economy of the country, the Natural Resources Monitoring Network said.

Irrigation networks to be doubled in two years

Wednesday, 08 March 2017 17:12 Written by

Ministry of Agriculture, Irrigation and Livestock on Tuesday signed contracts for 15 new irrigation networks to the value of more than 70 million AFs.

IMF likely to give Afghanistan £6m under ECF

Wednesday, 08 March 2017 03:38 Written by

Satisfied with the Afghan government’s progress on reforms, the International Monetary Fund has hinted at the release of £6m to the cash-strapped country.

A number of labors at Kabul industrial parks have said that only 200 Afs are paid as wage to them on daily basis despite they work 12 hours a day.

They said that unemployment has forced them to work for only 5000 Afs a month.