Business
DAB confirms the newly printed Afghani banknotes are still not in circulation

Da Afghanistan Bank (DAB) said on Tuesday that the new Afghani banknotes, which were printed in Poland and shipped to Afghanistan in early November, have not been put into circulation yet.
A spokesman for DAB said they are working on a mechanism to put the new banknotes into circulation, while simultaneously recalling the old notes.
“Printing and circulating banknotes is an ordinary duty of central banks. Da Afghanistan Bank also carries out the same considering reasonable monetary policies, market necessity and resources. We call on citizens to pay greater attention to the protection of the banknotes so that they will not wear out quickly,” said Hasibullah Noori, a spokesman for DAB.
Afghanistan, which is a cash-driven economy, has not had new banknotes injected into its economy in more than a year. As a result the existing banknotes, especially smaller denominations, are mostly torn, held together with sellotape and generally in very bad condition.
This has added to the frustrations of an already cash-strapped society.
“The new banknotes which have arrived at the central bank should enter circulation in order to remove people’s concerns. Banks also do not accept old notes. We suggest that old notes should be taken out of circulation,” said Mirwais Haji Zada, a local businessman.
Abdul Jabbar Safi, another businessman, said: “The new banknotes should systematically enter circulation so that the value of Afghani will not be affected.”
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.
Business
Muttaqi to Pakistani envoy: Trade and transit obstacles benefit no one

Acting Foreign Minister Amir Khan Muttaqi and Pakistan’s Special Representative for Afghanistan Mohammad Sadiq met on Saturday and discussed bilateral relations, political and economic cooperation, security and transit, said Zia Ahmad Takal, head of public relations at Foreign Ministry in a statement.
In this meeting, Muttaqi emphasized that obstacles to trade and transit are not in anyone’s interest and that certain issues should not be linked together.
He added that the process of Afghan refugees returning from Pakistan should be carried out gradually and with dignity.
According to the statement, Pakistan’s special representative also acknowledged that ensuring security in Afghanistan benefits both Pakistan and the region.
He committed to introducing measures to facilitate the visa issuance process for Afghan citizens.
Mohammad Sadiq also stated that practical steps will be taken to resolve existing trade and transit challenges.
-
Latest News4 days ago
Pakistan once again urges IEA to act against militants
-
Sport4 days ago
AFC Beach Soccer: UAE thrash Afghanistan 7-1 in opener
-
Regional4 days ago
At least 91 killed in Gaza as Israel abandons ceasefire, orders evacuations
-
Regional4 days ago
Iran’s leader says Yemen’s Houthis act independently, warns against US action
-
Latest News3 days ago
American freed by IEA reunited with wife, former cellmate, in US
-
Latest News4 days ago
Bayat Foundation delivers Ramadan aid to needy families in Bamyan
-
International Sports3 days ago
Boxing legend George Foreman dies at 76
-
Latest News3 days ago
Eighteen injured after dispute between two brothers in Helmand