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Afghan economy gets $32 million cash boost in aid funding

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(Last Updated On: January 11, 2022)

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), took delivery on Monday of $32 million of funds in aid and transferred it immediately to Afghanistan International Bank (AIB).

In a series of tweets, the central bank welcomed the injection of cash into the economy and said: “The transit of the aforesaid shipment from the airport to the Afghanistan International Bank was facilitated by Da Afghanistan Bank.

“Da Afghanistan Bank will appreciate any humanitarian action that leads to the introduction of currency and assistance to the poor sections of society, and will do its part effectively,” DAB said.

The previous shipment of $19.2 million was delivered in December.

On December 22, the UN Security Council unanimously adopted a resolution clearing the way for aid to reach Afghans in desperate need of basic support.

At the time Martin Griffiths, the Under-Secretary-General for Humanitarian Affairs, described the Council’s passage of the resolution as “evidence of how seriously member states take the shocking levels of need and suffering in the country.”

The adoption followed months of discussions in the Council and broader international community about how to stave off economic collapse in Afghanistan following the country’s takeover by the Islamic Emirate of Afghanistan (IEA) in August and the subsequent freezing by Western countries of billions of dollars used by the previous government to ensure the provision of basic services.

Griffiths has said that humanitarian operations in Afghanistan are set to be the largest anywhere in the world in 2022, reaching some 22 million people.

The UN estimates that $2 billion will be needed to lift the incomes of all people up to the poverty line.

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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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