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Efforts Underway to Remove Afghanistan’s Name from European Union Blacklist

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(Last Updated On: January 2, 2017)

2Officials at Afghanistan Civil Aviation Authority (ACAA) said efforts are underway to remove Afghanistan’s name from the European Union Blacklist, necessary measurements were taken to have the permission for the Afghanistan airplanes to have flights to European countries by coming next year.

Afghanistan’s airliner companies were stopped from flying to European countries on 2010 due to none standard planes and lack of professional aviation staffs.

Civil Aviation Authority of Afghanistan Deputy Mohammad Qasim Wafayezada said, “We have met the requirement and conditions of the European Union countries to have flights in, negotiation is underway, all the documents were sent to European Union for further administrative process, soon one high ranking delegation from Afghanistan will visit Europe to have discussion over the issue.”

Based on the information, annually 83000 planes is using Afghanistan’s space, where Afghanistan gained 2 billion and 671 million Afghani in the year of 1395 indicating 15 percent of increase.

“We used to receive $500 per flight, we are planning to increase the fee up to $700 per flight, and negotiation is underway with the aviation companies.” Deputy of Afghanistan Civil Aviation Authority Mohammad Qasim Wafayeezada said.

The major plans of the Afghanistan Civil aviation authority are to create two lines flight from west to east of Afghanistan, creating infrastructure installation of aviation in provinces, installing of 35 Radar machines, promotion of the Institute of Aviation to Academy, and raising the capacity of the staffs for this year.

Reported by: Lida Naizi

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Da Afghanistan Bank sees increase in gross reserves

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(Last Updated On: June 1, 2020)

The gross domestic product (GDP) of the central bank of Afghanistan, Da Afghanistan Bank, has reached more than $9 billion for the first time.

Officials at the bank said that although the global aid to Afghanistan has declined, they have succeeded to increase the bank’s reserves.

Economists also underline that the central bank’s efforts will lure global funds.

The bank’s authority has stated that they have, for the first time, been able to increase the GDP to over $9 billion.

According to them, last year about AFN22 billion was deposited in the government reserves through investments in foreign financial institutions.

Although the Coronavirus pandemic has devalued Afghan currency against the dollar, the authority is pushing for effective programs to keep the value of the currency afloat, they said.

Welcoming the strengthening of the gross reserves of DAB, experts say that the central bank’s efforts would attract global funds for good.

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Afghanistan to transit trade via Pakistan’s Gwadar port

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(Last Updated On: May 30, 2020)

The Afghanistan–Pakistan Transit Trade Agreement (APTTA) enables Afghanistan to transit trade through Pakistan’s Gwadar port under the OPTA agreement.

The Ministry of Industry and Commerce says that Afghanistan is trying to improve its economic relations with all neighboring countries and the region, pointing at the Pakistani port of Gwadar as the closest and cheapest transit route for Afghanistan’s trade.

In the meantime, the Pakistani Prime Minister’s senior advisor of economy, Abdul Razzaq Daud, has said that trade with Afghanistan is set to begin through the Gwadar port, starting with 16,000 tons of fertilizer to be shipped to Afghanistan.

In addition, the Afghanistan Chamber of Commerce and Investment considers the Gwadar port as less expensive than any others; however, it criticizes that the neighboring countries are not honest enough in their economic relations with Afghanistan.

On the other hand, experts point out that if Pakistan complies with international economic and transit laws, Afghan traders will be able to import and export goods via Gwadar port at lower costs.

This comes as economic relations between Afghanistan and Pakistan have been often strained due to political tensions, and the country has severally closed its ports to Afghan traders.

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Central bank to run campaign promote Afghani in western provinces

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(Last Updated On: May 26, 2020)

The government has set to launch a campaign over the use of Afghani currency instead of Iranian Rials in domestic transactions in western parts of the country.

Sharifullah Shagewal, a spokesman for the central bank of Afghanistan, Da Afghanistan Bank said that the organization has set to boost the use of Afghani currency in local markets.

Shagewal added that the replacing Iranian Rials with Afghani currency could gain Afghani value against foreign currencies.

According to reports, many provinces sharing borders with Iran use Rials for transactions.

It comes as the organization launched a campaign in the past one year just to tell people not to use foreign currencies in Nangarhar, Laghman, Kunar, Paktia, Paktika, Khost, Helmand, and Kandahar province, where public used to use Pakistani rupees in daily transactions.

Now, the De Afghanistan Back added that so far, it succeeded to prevent billions of Pakistani rupees from money circulation in the country.

Meanwhile, the central bank of Afghanistan urges the public to join the campaign by using Afghani currency instead of foreign currencies in their daily businesses.  

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