This paper aims to evaluate the impact of foreign aids in Afghanistan post 2002. The empirical analysis of aid effectiveness relies on the data from 2002 up to 2010 which is reported by ministry of finance of Afghanistan. The finding of this paper concludes that during the mentioned period, foreign aids have had positive impact on development of infrastructure, education and health care sectors while it has strengthened corruption, governance crisis and so on. Also in the security sector, no meaningful and positive correlation between aid and security can be found.