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Two private Banks to own New Kabul Bank: Kohistani

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(Last Updated On: October 25, 2022)

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Officials in Ministry of Finance have reported that two private Banks which are willing to buy New Kabul bank met the necessary requirement and conditions.

They have stated that one of the private bank belongs to Mirwais Afghan and the second one is Pakistan Commercial Bank.

Meanwhile Afghan experts have warned it will be a misery if the Pakistani Bank owns New Kabul Bank.

After five years of Kabul bank crisis the following Bank still suffers from unknown destination, waiting to be sold to.

Head of the Treasury  department of Ministry of Finance Mohammad Aqa Khostani said,” Two private banks have met the necessary requirement to have the control of New Kabul bank, both of the banks presented $168,4million bank statements, Mirwais Afghan stated if i succeed to have the New Kabul bank control i will invest $1billion within the Bank,”

Experts on Banking affairs have warned if the following bank is sold to Pakistani Commercial Bank, they will access secret information and it will put the National interests into risks.

Professor Sayed Masoud said,” If the Bank is sold to Pakistani individuals it will put the Afghanistan National Interests into risk, before taking any actions about Kabul to neighboring country its necessary to have the Afghanistan National Security council advice.”

Based on the information there are 15 Banks including 4 International banks branches are active, where Afghan Government owns 3 of the Banks.

Reported by Zaher Qadiri

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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