Business
Afghan Senate accuses central bank officials of “violating law”
Members of the Upper House of the Afghan parliament said that the Central Bank Governor Ajmal Ahmadi, contrary to principles, has fired his deputies and staff, calling him a “tyrant”.
In a video released on social media shows that Afghan Central Bank – Da Afghanistan Bank -security guards did not allow Wahid Nooshir, the organization’s first deputy, to enter his office.
Nosher, in a Facebook post, said that as per the oral direction of President Ghani he intended to resign from his post on Monday, but he was not allowed to enter the Bank.
Nosher accused Ajmal Ahmadi of breaking administrative principles.
Qasim Rahimi, dismissed deputy head of the Central Bank of Afghanistan also considers the attitude of the head of this institution towards the bank’s employees against the law and principles.
According to the article Seven of the Da Afghanistan Bank Law, the Supreme Council of Da Afghanistan Bank shall be composed of seven members, as follows: Governor as Chairman of the Supreme Council First Deputy Governor as Vice Chairman of the Supreme Council Five other members.
The article says that “[All] members of the Supreme Council shall be appointed by the President of Afghanistan with the consent of the parliament of Afghanistan.”
Article 12 of the law says that the Governor, the First Deputy Governor, and any other member of the Supreme Council, of Da Afghanistan Bank, shall be suspended or removed from office by the President of Afghanistan.
“No member of the Supreme Council shall be suspended or removed from office before a hearing has been held by the President of Afghanistan where such member or his legal representative has presented his reasons,” read the law.
Meanwhile, lawyers say that if any employee of the organization is accused of corruption, only the judiciary has the right to review the case, and then the leadership must decide.
On the other hand, officials at the Integrity Watch of Afghanistan and economic experts are concerned about the current situation at the Central Bank of Afghanistan, saying that the continuation of such a situation will put the financial institution in crisis.
The head of the Central Bank of Afghanistan has not commented on the reason for the dismissal of his two deputies, but a statement from the organization said that the latest measures were taken in accordance with Article 20 and the third paragraph of the Central Bank of Afghanistan law.
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
Business
Export volume totals over $140 million in last month of 1402
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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