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Ghani cancels township investment deal with Ferozi

· 4 min read · 261 views

KABUL (Pajhwok): President Ashraf Ghani on Saturday cancelled a multimillion government’s contract with a former Kabul Bank chief executive and major defaulter Khalilullah Ferozi for an ambitious residential scheme.

The notable businessman stood with top government officials on Wednesday as he signed the contract for a new township: 8,800 homes across 33 acres of prime real estate in the heart of the capital, with an initial investment of at least $95 million.

The project “Smart City Township” inaugurated on Wednesday will see the Kabul . . .

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