All tagged Afghanistan

Iran and India Agree to Speed up Major Port Project

◢ Tehran and Delhi have agreed to accelerate the development of an important Iranian port, India's foreign minister said during a visit to the sanctions-hit Islamic republic on Monday. Chabahar port—being jointly developed by India, Iran and Afghanistan—is on the Indian Ocean about 100 kilometres (62 miles) west of the Pakistan border.

US Exempts Indian-Backed Port in Iran from Sanctions

◢ The United States said Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan. Iran late last year inaugurated the port on the Indian Ocean which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.

Afghans Return Home in Record Numbers as Iran Currency Plunges

◢ Migrant workers squeezed into battered taxis pull into the Four Seasons of Freedom hotel in western Afghanistan, part of a wave of Afghans forced to leave Iran after a currency implosion wiped out their earnings. A record 442,344 Afghans have voluntarily returned or been deported from Iran this year as looming US sanctions—which began to be reimposed this week—fueled a run on the rial and spurred inflation.