Sunday, June 16, 2024

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Business and Finance

Drowning in Debt; Afghanistan Owes $28 Million to Tajikistan

Da Afghanistan Breshna Sherkat (DABS) of Afghanistan owes Tajikistan $28 million for electricity, said Mohammad Omar Asuzada, the head of the national electricity company...

Resuming Issuance of Visas to Afghan Nationals, China Allows Afghan Goods to Enter Tax-Free

The Chinese foreign ministry, in a statement released on Friday, announced that starting from August 1, China will resume granting visas to Afghan nationals and facilitate 98% of...

The Taliban Imports Tons of Cylinder Gas from Turkmenistan

According to the Ministry of Commerce and Industry of the Taliban's caretaker government, the ministry's leadership and Turkmen authorities have inked an agreement on...

Taliban Purchases 350,000 Tonnes of Iranian Oil

According to a statement from the Taliban's Ministry of Finance on Saturday, the Afghan delegation, on its visit to Iran, entered into a contract with...

Kabul Hosts Pakistani Delegation for ‘Enhancing’ Regional Trade, Transit

KABUL, Afghanistan – The Taliban authorities hosted a Pakistani delegation in Kabul from July 18-20, according to a press release by the Pakistan Embassy...

Taliban’s Central Bank Auctions $13 Million to Maintain Afghani Currency Value

To maintain the Afghani currency's purchasing power versus the US dollar, the Central Bank of the Taliban's caretaker government sets an auction on Saturday,...

Soiled and Mutilated Currency Announced Unusable: Afghanistan Central Bank

According to the Taliban-controlled Central Bank of Afghanistan's most recent announcement, Afghan banknotes, which their physical form has been altered or parts of them...

Taliban’s Central Bank Injects $12 Million to the Market to Maintain the Currency Value

The Central Bank of the Taliban's caretaker administration holds an auction to sell approximately 12 million dollars to maintain the Afghani currency's value against...

Pakistani Delegation Leaves for Kabul to Negotiate Business with the Taliban

A Pakistani delegation is due to arrive in Kabul today, July 18, to talk with the Taliban on matters relating to trade, transit, and...

Afghanistan Food Inflation on the Rise as People’s Purchasing Power Shrinks: ICRC

According to an International Committee of the Red Cross (ICRC) report, increased inflation rates are adversely affecting hundreds of thousands of unemployed impoverished Afghans...

Pakistan Textile Sector Loses $1B over Severe Energy Crunch

LAHORE, Pakistan – At least 300 textile mills have been closed, said All Pakistan Textile Mills Association (APTMA) Chairman Abdul Rahim Nasir in a...

Kabul Sees Hike in Customs Revenue amid Hunger Strikes

KABUL, Afghanistan – The Ministry of Finance (MoF) said it has collected more than 24 billion Afs in revenue from customs offices within the...

Pakistan Seeks Qatar Gas amid Energy Crunch, Costly Fuel Imports

ISLAMABAD, Pakistan – Pakistan is seeking more gas imports on deferred payments from Qatar, according to sources, amid severe energy crunch and unprecedentedly expensive...

Counterfeit Dollar Banknotes Influx Money Exchange Markets in South Afghanistan

The proliferation of new counterfeit dollars on the market is causing concern among many business owners and money exchange dealers in the provinces of Kandahar...

Central Bank of Afghanistan: Money-Trading Through Forex Is Illegal

In a recent statement, the Taliban-led Da Afghanistan Bank stated that money trading and financial transactions through the Forex online application is illegal. Da Afghanistan...

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