Archive for the ‘Afghanistan’s Economy’ Category

New Inland Customs Depot Warehouses In Kabul Inaugurated

Yesterday, Karl W. Eikenberry, the United States Ambassador to Afghanistan, and Afghan officials from the Finance Ministry, inaugurated new Inland Customs Depot Warehouses in Kabul. 7 warehouses were reconstructed and two new ones were built. Funding for the project was provided by the U.S. government at a cost of $1.2 million. According to a press […]

June 2, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

New Dam To Meet Water and Power Needs In Eastern Afghanistan

Mohammad Ismael Khan, Acting Minister of Water and Power announced yesterday that his ministry has finalized a contract with an Iranian firm to design the new Gambery dam which will be built in eastern Afghanistan.  The Acting Minister told Afghan media that, “Over the Kunar River in the Shigai area, the flow of the water […]

May 31, 2010 · admin · 4 Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Project approved to further improve and modernize Afghan Customs Department

The World Bank this week approved a $50.48 million grant so Afghanistan can continue to modernize its Customs Department, thus further reducing corruption, and increasing revenue collection.   Project description (from the World Bank): The objective of the project is to improve the release of legitimate goods in a fair and efficient manner. The grant […]

May 28, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Modern farming equipment given to Afghan farmers

In an effort to encourage Afghan farmers to stop growing opium, and instead focus on alternative crops such as wheat, officials from the Afghan government, a British Battalion and a Relief agency held a ceremony, and provided modern farming equipment to Afghan farmers in the Nad-e Ali district of Helmand province. The farmers were given […]

May 26, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Hairatan – Mazar-e-Sharif railway to be completed soon

Afghanistan’s Ministry of Finance announced to the media today that a key railroad project, the construction of the Hairatan – Mazar-e-Sharif railway, will be completed in 4 months. In a press release issued today, the Ministry stated that “the new railway line will connect Mazar-e-Sharif to Hairatan, on the northern border with Uzbekistan, removing bottlenecks, […]

May 25, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Revenue collection swells in eastern Afghanistan

Customs houses in eastern Afghanistan are making extraordinary progress in collecting revenues, far above the set target, thanks to new technologies put in place and the simplification of Customs procedures. According to data made available to United Nations Assistance Mission in Afghanistan (UNAMA) by the Customs officials in the eastern regional hub of Jalalabad, the […]

May 21, 2010 · admin · No Comments
Posted in: Afghanistan's Economy

The World Bank’s Economic Update On Afghanistan

Here’s what the World Bank is reporting in it’s most recent economic update on Afghanistan: Economic Expanision GDP growth between 2009 and 2010 is estimated to have reached 22.5%, a record since 2003-4. A strong rebound in agriculture (53%), helped mainly by ample and well-distributed rainfall is behind the surge in growth. Wheat production nearly […]

May 19, 2010 · admin · No Comments
Posted in: Afghanistan's Economy

Railway Development A Key To Afghanistan’s Economic Development

In order for Afghanistan to be able to increase the shipments of fuels, foods, construction material and various goods, it needs to have an extensive railway system. A railway system will reduce Afghanistan’s isolation, as well as decrease Afghanistan’s dependence on Pakistan in order to get goods in and out of the country. Moving goods […]

May 9, 2010 · admin · 4 Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Jobs to be created in Zabul, dam construction starts, and development projects completed in Samangan

In Zabul province, two municipal landfills are being developed. The first one is in Qalat City, and the other is in Shajoy. This project will employ about 1,100 Afghans for the next three months. Improvement projects along the main bazaar road in Shajoy will employ another 400 workers. Over $1 million dollars is budgeted for […]

May 6, 2010 · admin · No Comments
Posted in: Job Creation, Reconstruction and Development

Afghan Airline Industry Continues To Grow – Safi Airways Plans To Expand Fleet

Afghanistan’s second biggest airlines, Safi Airways, announced today at the Arabian Travel Market (ATM) (currently taking place in Dubai) that it is planning on purchasing one Airbus A320 and leasing another this year.  The goal is to expand its fleet up to nine aircrafts by the year 2014. The Executive Vice Chairman of the company […]

May 4, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development

Pay By Cell Phone Program Implemented To Reduce Corruption In Afghanistan

Currently, it is difficult for an Afghan National Police officer working in a remote or high risk part of  Afghanistan to receive his or her paycheck.  The payment process is very manual and this has led to corruption where police pay is being lost. To help resolve this issue, the Ministry of Interior and the […]

May 3, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development, Security in Afghanistan

New Textile Factory Opens In Jalalabad

Yesterday, a brand new textile factory was opened in Jalalabad, the capital of Afghanistan’s eastern province of Nangarhar. Funding ($40,000) for the factory came from the United States Agency for International Development (USAID). The hope is that the factory will be able to process (wash, dye, press and label) raw materials from Kama, Dara-i-Nur, Rodat […]

April 22, 2010 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development