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Businesswomen Meet to Debate Challenges

KABUL - More than 300 women assembled at an event in Kabul on Tuesday to find solutions for their increasing role in businesses and entrepreneurship development in Afghanistan. The assembly of women entrepreneurs, the first of its kind, was convened by the Afghanistan Chamber of Commerce and Industry (ACCI) with assistance from the United Nations Development Programme’s Gender Equality Project. A round-tabl ...

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ACCI Officials in Pakistan to Talk Economic Cooperation

The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI), a cooperative body formed by private business leaders from both countries, held a five-day meeting in Karachi to discuss ways to improve business ties and solve transit issues. Khan Jan Alokozay, the Deputy Chief Executive Officer of the Afghanistan Chamber of Commerce and Industries (ACCI), along with Dr. Anwar-ul-Haq Ahadi, the Mini ...

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Afghanistan A Bridge between Asia and Europe

Kabul - Hamid Karzai, President of the Islamic Republic of Afghanistan once again in the session of Europe-Asia Economic Association said that Afghanistan can become a commercial transit road between Asia and Europe. BNA commentator commenting on the issue writes, since the establishment of interim government in Afghanistan, until now the expansion and development of economic and commercial ties between the ...

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Delay in the Approval of Investment Law Hampers Afghan Economy

The Ministry of Mines (MoM) have expressed concerns over the delay in the approval of the Investment Laws that is yet to be studied by the Parliament. Spokesperson to MoM, Rafi Rafiq Sediqi, said the Investment Laws have not been prioritized by the Parliament. “The New Law on Mines is the only way to woo foreign investors to Afghanistan. The investment is held up due to delay in the approval of this law,” s ...

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Afghanistan, WB Sign $50m Agreement

  Kabul (BNA)-  Afghanistan has signed a grant costing 50 million US dollar with World Bank for strengthening of economy and financial stability. Afghanistan Ministry of Finance and World Bank on Wednesday signed a grant agreement costing 50 million US dollar for the purpose of Afghan efforts for economic improvement and financial stability. The grant has been provided through international development ...

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Second-Hand Imports Hurting Afghan Economy: ACCI

Kabul - The Afghan Chamber of Commerce and Industries (ACCI) criticized the Afghan government for not putting adequate checks on the importing of low-quality second-hand goods in Afghanistan. According to the ACCI, over two billion dollars worth of used goods and spare car parts are imported into Afghanistan every year, ultimately weakening the country's own manufacturing industry. For many years, Kabul mar ...

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Afghanistan’s Industrial Productivity (Business Growth) Dips By 35%

Afghanistan's economy faces a huge setback as the Industrial Productivity (Business Growth) figure indicated a decline of 35% during one year. The figure was announced by the Afghanistan Chamber of Commerce and Industries (ACCI) on Saturday. ACCI believes that the dip has been caused by high municipality fees and an increasing extortion rate in the country. High customs tariff on imported goods especially r ...

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Unemployment On the Rise In Afghanistan

Afghan minister of labour and social affairs who was summoned to the upper house on Tuesday said that most of international community's funds hasn't been spent for priority needs of the people. Meanwhile, a number of senators said that the ministry of labour and social affairs has not made efforts to reduce unemployment rates in the country. Minister of labour and social affairs said that lack of sufficient ...

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Wall Street On Back Foot Ahead Of Retail Sales Data

After withstanding the pressure to pullback for much of last week, Wall Street sentiment appears to remain shaky on Monday. The index futures point to a lower opening, as traders await a slew of market moving reports. Domestic data has largely been positive and this explains the strength in the dollar. Consequently, commodities denominated in the dollar have seen downside pressure. Lukewarm economic data re ...

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China’s banks now leading the world

U.S. business magazine Forbes has just calculated that Industrial and Commercial Bank of China (ICBC) is the world's largest company when taking into account revenue, profits, assets and market capitalization. This is the first time a Chinese company has held that position in the annually published Forbes Global 2000 list of the world's largest publicly quote companies. That China Construction Bank was rank ...

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500,000 Jobs Needed to Combat Unemployment in Afghanistan

The government of Afghanistan expressed concerns regarding unemployment issues in the country which is considered to be one of the main motives behind growing insurgency. According to the officials at least 500,000 job opportunities will be required amid NATO troops withdrawal from the country and as the foreign aid tapers off that will have direct impact over the economy of Afghanistan. The officials furth ...

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IMF cites three areas for Asia’s dream

AN International Monetary Fund (IMF) higher official had cited three key areas to fulfill Asia’s dream—the path to achieving lasting growth and shared prosperity. IMF Managing Director Christine Lagarde recently pointed out the three areas to Asia’s recipe for growth, adding that like a field that has been farmed year after year, it may need to be rejuvenated. “First and foremost, investing in physical capi ...

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Khalili Calls Craftsmen, Industrialists Effective In Economic Growth of Afghanistan

Kabul - Some craftsmen and member of carpet selling union, met with Mohammad Karim Khalili and shared their problems of the carpet selling union and the industrialists of carpet manufacturing employees with him asking government attention towards resolving their problems. They argued that the craftsmen of carpet are facing manifold problems. They asked for creation of better facilities for production of car ...

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Fake Afghani Currency on the Rise

KABUL: Afghan bank officials warned that fake money is increasing in Afghanistan, which is likely to cause more problems for the economy. Some Kabul residents and bankers told TOLOnews that the increase of fake Afghani currency is noticeable and will create transaction problems. Most of the fake notes are 500 and 1000 Afs that are usually mixed in with original notes, making it more difficult to identify. " ...

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Ministers Claim Spending Over 50pc of Funds

KABUL - Four ministers on Monday appeared before the Wolesi Jirga, lower of parliament, insisting they had utilised more than half of development funds allocated to them in the 2011 annual budget. Lawmakers accuse 11 ministers of failing to spend 50 percent of allocations meant for development activities in 2011. They summoned the ministers last year to explain their positions, but only seven of them turned ...

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Afghan Women Help Drive Resurgent Economy

KABUL — U.S. Secretary of State John Kerry, on a visit to Afghanistan, has met with women entrepreneurs making new investments in agriculture, technology, the arts, and athletics. Since the end of Taliban rule here, Afghan women have emerged as a driving force in a new economy with more than 1,600 registered female-owned business in a country where the Gross Domestic Product has nearly quintupled in the las ...

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Japan Aims to Win New Allies in Africa with Aid

  Tokyo plans to provide extra aid to African states to foster stability on the continent, but also to give Japanese companies a better foothold so they do not slip further behind China in the economic diplomacy stakes. For years, For years, Japan has been one of the most generous providers of Official Development Assistance to developing nations around the world, even in the two decades of relative poor do ...

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Afghan and Indian Investors Attend a Joint Conference in Kabul

A delegation of Indian companies attended a joint conference held in Kabul on Sunday. The conference was attended by 18 Indian companies from various sectors, including cement production, agriculture, car manufacturing, water consulting services, energy and infrastructure, electronics and transportation. Addressing the conference, Chief of the Afghanistan Chamber of Commerce and Industries (ACCI) Mohammad Q ...

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Afghan-India trade to boost stability

WASHINGTON -India's ambassador to the US, Nirupama Rao, said on Friday that overland trade from Afghanistan to her country via Pakistan would be a boon to regional stability, insisting New Delhi wanted closer trade ties with Islamabad, despite a spike in tensions. "Afghanistan is a trade hub of Asia, the heart of Asia and the connective tissue between South and Central Asia," Rao told a Washington audience. ...

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WB Committed For Cooperation On The Basis of Afghan Govt. Priorities

Kabul - President Hamid Karzai met with Jim Yank Kim Chairman of World Bank the other day.At the meeting Jim Yank Kim said that the World Bank is strongly committed for cooperation with the people of Afghanistan in acceleration of growth and poverty reduction in the long-term. We support the priority programs of the government of Afghanistan for education, health, water supply, energy, infrastructure and ru ...

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