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.

The Ministry of Agriculture, Irrigation and Livestock (MAIL) will launch a five-year plan for development of saffron cultivation and harvest in the next year, the ministry’s spokesman Lotfullah Rashid said.

The price of diesel edged up while that of petrol, firewood and Kazakhstani flour dropped during the ongoing week in Kabul, market sources said on Saturday.

Abdul Hadi, a worker at Wazir Abad Pump Station, told Pajhwok Afghan News the price of a litre of diesel increased from 41afs to 42afs due to its price increase in global markets.

MoF to get $40m for canceled dam projects

Saturday, 04 March 2017 03:26 Written by

Afghanistan will be paid US$40 million for the cancellation of major dam-building projects.

The money is part of a bank warranty by contracted companies of three dam construction projects. These include the Pashdan Dam in Herat, the Machalgho Dam in Paktia and the Almar Dam in Faryab.

Not a single cargo train has arrived from China at the Hairatan dry port in northern Afghanistan since September when the railroad was inaugurated.

Pakistan’s export of cement to Afghanistan has decreased from 0.174 million tons to 0.166 million tons during of January 2017, compared to the corresponding period last year, Pakistani media reported on Monday.