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Afghanistan Central Bank signs agreement on public credit registry system

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(Last Updated On: October 25, 2022)

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Officials of Afghanistan Central Bank say that the ACB signed an agreement on public credit registry system with financial development institutions on Monday.

They said that the on public credit registry system is a very important step with a low fee for access to resources.

According to them, the system helps the applicants that want to give loans and the system also prevents corruption.

“Small and medium businesses have access to the funds, they made their customers and can benefit much more,” Eisa Khan Turab, second deputy of Afghanistan Bank said.

The chairman of on public credit registry department says that lending for investors, especially for such small investments in Afghanistan has become a serious problem.

“The current problems for lending have created many challenges for Afghan businessmen. Three million dollars were spent for creation of the system which solves many problems,” Nesar Ahmad Yousufzai, Chairman of public credit registry department said.

Head of microfinance association has also emphasized that small and medium businesses creates and provides jobs to the people.

“One of the main problem for this sector was the lack of coordination between commercial banks and small financial institutions,” Hashmat Seyar Ammar Khail, chairman of microfinance association said.

The full electronic Credit Information Sharing System known as Public Credit Registry (PCR) is fully automated based on international best practices.

PCR will enable potential borrowers to have access to finance and increase credit penetration in the country.

The system is helping financial institutions to have enough online information about the customers and their guarantors to make better-informed decisions.

 

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Regional developments require Afghanistan, China’s full coordination to protect interests: Muttaqi

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(Last Updated On: April 23, 2024)

Acting Minister of Foreign Affairs Amir Khan Muttaqi has said that recent events and developments in the region require that Afghanistan and China continue their cooperation in full coordination so that they can protect their common interests.

Muttaqi stated this in a meeting with the Chinese ambassador in Kabul Zhao Xing.

The Ministry of Foreign Affairs said in a statement Tuesday that the two sides discussed bilateral political, economic and cultural cooperation between Afghanistan and China and the recent developments in the region.

Muttaqi expressed his satisfaction with the expansion of political, economic and cultural relations between the two countries and said that the Islamic Emirate has created good opportunities in the field of trade and investment.

He pointed out that the increase in the export of pine nuts to China and the progress in the Mes Aynak and Wakhan Corridor projects are clear examples of this policy of the Islamic Emirate.

According to the Ministry of Foreign Affairs’ statement, the Chinese ambassador considered the developments in various fields with Afghanistan as positive and added that he seeks to encourage Chinese businessmen and investors to play their role for long-term economic cooperation with Afghanistan.

He also said that his country is considering ways of bilateral cooperation and resources regarding Wakhan Corridor.

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Rashid Khan named AWCC’s brand ambassador

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(Last Updated On: April 23, 2024)

Afghanistan’s cricket superstar Rashid Khan has joined Afghan Wireless Communication Company (AWCC) as its exclusive brand ambassador.

“Rashid Khan is a young and prominent personality of the country who has shone brilliantly in cricket and in his social life,” AWCC said in a statement.

Rashid said he was thrilled to join AWCC as its brand ambassador.

“This is a great brand that I have always believed in and AWCC has been a front runner in the digital possibilities materializing in the country,” Khan said on X.

“Together I hope that we help more people to connect, encourage people to learn more and further utilize their talents and share their experiences more widely.”

What makes Rashid great!

Rashid Khan was Afghanistan’s first global superstar, and the key to the team’s successes in their early years in international cricket.

ESPNcricinfo experts say his extraordinarily effective leg spin has made him one of the greatest T20 bowlers ever, and among the first names on wish lists of teams in leagues all around the world.

Not a big turner of the ball, he puts batters under pressure with his speed through the air, like his bowling idol Shahid Afridi, while maintaining a stump-to-stump line. His biggest weapon is an accurate googly, and he has many variations. With bat in hand he is more than capable of clearing the boundary late in an innings, and he has airbrushed many a middling total into a match-winning one for his team, ESPNcricinfo states.

Rashid was just 17 when he made his ODI debut during Afghanistan’s tour of Zimbabwe in October 2015. Less than two years later, he was snapped up by Sunrisers Hyderabad in the IPL for close to US$600,000.

After a superb 17-wicket first season with them, he picked up franchise deals with Guyana Amazon Warriors – for whom he took the first-ever hat-trick in the CPL in 2017 – and Adelaide Strikers, with whom he won his (and their) first BBL title in 2018.

He scaled new heights for Afghanistan as well, taking 5 for 3 in a T20I against Ireland to keep a record 11-match T20I winning streak alive, and later in 2017, taking his country to a win over West Indies in their first ODI in the Caribbean with 7 for 18.

He was duly honored as the 2017 ICC Associate Cricketer of the Year.

The following year, he became the youngest cricketer to top the ODI bowling rankings, the youngest man to captain an international side, and the fastest to 100 ODI wickets.

In Afghanistan’s inaugural year in Test cricket, Rashid took five second-innings wickets in the team’s first win, against Ireland, and six months later made an important fifty and took twin five-fors, finishing with 11 wickets in a famous win over Bangladesh in Chattogram. In 2021, he took 11 again, this time in a win over Zimbabwe.

In his five seasons with Sunrisers, he was a huge presence, taking 93 wickets at an economy rate of 6.33. When he moved to Gujarat Titans in 2022, he took 19 wickets in a run that led the side to the title.

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EU, OIC envoys meet to discuss humanitarian situation and education in Afghanistan

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(Last Updated On: April 23, 2024)

EU Chargé d’affaires in Afghanistan Raffaella Iodice met Tariq Ali Bakheet, OIC’s Assistant Secretary-General for Humanitarian, Cultural, Family and Social Affairs and special envoy for Afghanistan, and his accompanying delegation in Kabul, it was announced Tuesday.

Iodice said on X that they discussed the humanitarian and economic situation in Afghanistan as well as the right to education.

“Principled support for the sake of the people remains key,” she said. “Female voices need to be part of any dialogue and constructive engagement in Afghanistan.”

Earlier, the OIC delegation met with the officials of the Islamic Emirate.

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