Business
Central bank sets up telegraphic transfer system for foreign deposits

Da Afghanistan Bank, the country’s central bank, said on Wednesday it has established a telegraphic transfer facility for traders and investors.
Mohammad Saber Momand, a spokesman for Da Afghanistan Bank, said in a video clip on Wednesday that the bank has provided the necessary facilities for traders and investors in order to prevent losses to the general public and for traders who need to make foreign transfers.
“According to this strategy, traders and investors can grow and strengthen their business … to import raw materials, especially food, medical and agricultural drugs, health materials, fuel, raw materials, modern machines and technology needed…” Moman said.
He also said it would allow for transfers to students overseas.
According to a spokesman for Da Afghanistan Bank the humanitarian aid delivered to Afghanistan through the United Nations remains in its original state by agreement and is exempt from this arrangement.
A telegraphic transfer (TT) is an electronic method of transferring funds utilized primarily for overseas wire transactions.
Business
Azizi and Zhao Xing discuss increasing Afghanistan’s exports to China

Acting Minister of Industry and Commerce Nooruddin Azizi and Zhao Xing, the Chinese Ambassador to Kabul, met on Tuesday and discussed increasing Afghanistan’s exports to China, particularly pine nuts, pomegranates, and precious and semi-precious stones such as nephrite, onyx, lapis lazuli, and talc, the ministry said in a statement.
According to the statement the goal of the meeting was to facilitate direct exports to China in order to reduce transit costs and transportation of Afghan goods, as well as to address the importation of machinery needed for the country.
Azizi and Zhao have agreed to establish a joint working group for further coordination, expanding trade relations, and creating facilities for trade, with the aim of holding regular meetings, the statement read.
Business
Deputy PM inaugurates launch of Arghandi Transport Terminal Project in Kabul Province

Mullah Abdul Ghani Baradar Akhund, Deputy Prime Minister for Economic Affairs, on Sunday inaugurated the start of construction work on the Arghandi Transport Terminal in Paghman District of Kabul Province.
The inauguration ceremony was attended by the Acting Minister of Transport and Aviation, Mullah Hamidullah Akhundzada, representatives from the private sector, and a number of local residents.
Baradar said the initiative was a vital step in the development of transport infrastructure in the country.
He stated that the development and expansion of transport infrastructure is an essential step toward economic growth, national development, and domestic and regional connectivity.
According to him, decades of war and corruption resulted in the sector having been neglected.
He said existing infrastructure has deteriorated due to poor quality construction; public lands have been usurped by individuals; and that highways and roads have been significantly narrowed.
Baradar also pointed out the need for investment in the transport sector; for the recovery of usurped state land; and the identification and restoration of original roads. He said these factors were among the core national objectives of the Islamic Emirate of Afghanistan.
In line with these goals, construction work on the Arghandi Transport Terminal got underway on Sunday.
Baradar said the Islamic Emirate is not only firmly committed to the development and expansion of transport infrastructure but is also actively pursuing other fundamental strategic objectives.
The Arghandi Transport Terminal in Kabul Province will be constructed on approximately 900 jeribs of land and will cost about 1.285 billion afghanis.
The project is expected to be completed by the private sector within two years.
Upon completion, the terminal will enhance transportation facilities, play a key role in improving the efficiency and organization of logistics and transit operations, reduce transportation costs and traffic congestion, and provide employment opportunities to a large number of citizens.
Business
Azizi and Sadiq discuss Kabul-Islamabad trade and transit challenges

Acting Minister of Industry and Commerce, Nooruddin Azizi, and Mohammad Sadiq, Pakistan’s Special Representative for Afghanistan, met on Saturday to address ongoing trade and transit challenges, stressing the importance of preventing political tensions from impacting economic ties, the ministry said in a statement.
The two officials focused on finalizing the Preferential Trade Agreement (PTA) and resolving issues related to the Afghanistan-Pakistan Transit Trade Agreement (APTTA), the statement read.
The meeting also discussed the upcoming visit of Pakistan’s Deputy Prime Minister to Afghanistan and a planned visit by an Islamic Emirate delegation to Pakistan.
The ministry hailed Sadiq’s visit to Kabul as a positive step, with Azizi emphasizing its constructive role in enhancing bilateral trade relations.
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