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$40 million has been attained from Kabul Bank scandals – AGO

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Last Updated on: October 25, 2022

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More than $40 million has been returned back to Kabul Bank after the final decision of the special court on the bank embezzlement case, officials said.

President Ghani issued a decree on his initial days inquiring to re-open the Kabul Bank embezzlement case, and the court soon sentenced the biggest scandals including Ex-Chairman Shir Khan Farnood, and Ex-CEO Khalilullah Ferozi, but the government is still unsuccessful to return moneys back and trial those powerful shareholders who were also involved in Kabul Bank crisis.

Now, about four months have passed since the Supreme Court has directed the AGO to collect all the loans of the bank and credit it into the Afghanistan’s Central Bank account, but none of the loaners have paid their loans yet.

Attorney General’s Office (AGO) of Afghanistan emphasis serious follow up on this case, but a number of lawmakers believe that the government has already failed to return the moneys being embezzled.

Noor Habib Jalal Acting-Head of Afghanistan’s AGO said,” Kabul Bank Clearance Office is working hard on this case, as yet we could attain cashes and properties which worth more than $40 million, and we are following this case”.

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Earlier Integrity Watch of Afghanistan (IWA) announced that the New Kabul Bank losses about $ 7 million annually and the bank has lost about $ 50 million since it was bankrupted on 2010.

On the other hand Farhad Azimi a member of the parliament criticized the government and said,” the Kabul Bank loaners have their own part in the government, therefore; the government is not committed to execute the court decisions”.

He added, the Kabul Bank scandals are “travelling along with the government leaders to foreign trips” probably pointing to Ex-finance minister Omar Zakhilwal who is currently the economic advisor of President Ghani.

Another MP Zakaria Sawda pointed,” the government is unable to finalize Kabul Bank crisis, because Kabul Bank loaners are close relatives to the powerful people”.

Previously, a senate member said that the government is neglecting the real scandals including Zakhilwal.

Zalmai Zabuli, the Senate Complaints Commission Chief has said,” Investigations on Kabul Bank crisis case are still without any result and it is really concerning. Several documents prove involvement of government high ranking officials in Kabul Bank crisis including ex-finance minister involvement, but the question is why they are not trialing Omar Zakhilwal? Documents prove his involvement in Kabul Bank crisis, but both the government and the judiciary systems are keeping their silent about him.”

Kabul Bank corruption is the biggest scandal in Afghanistan’s financial history which is still not cleared even after two courts.

Reported by: Ahmad Farshad Saleh

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Tripartite agreement to launch new Russia–Turkmenistan–Afghanistan transit corridor

The agreement is scheduled to be finalized on the sidelines of the Kazan Forum 2026, according to Russian media reports.

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A tripartite agreement to establish a new trade and transit corridor linking Russia’s Republic of Tatarstan, Turkmenistan, and Afghanistan is expected to be signed in May, opening a fresh route for the movement of goods between Russia and Afghanistan.

The agreement is scheduled to be finalized on the sidelines of the Kazan Forum 2026, according to Russian media reports. The proposed corridor is seen as a strategic alternative to existing routes, particularly the North–South Corridor, which has faced disruptions due to ongoing tensions in Iran.

Rustam Khabibullin, head of the Russian Business Center in Afghanistan, said the new route could significantly streamline cargo transport between Russia and Afghanistan. He added that the corridor may also attract companies from Europe and Asia seeking more stable and reliable logistics options.

Afghanistan is considered a key supporter of the initiative. Once operational, the corridor is expected to facilitate direct shipments from Tatarstan to Afghanistan, reducing reliance on indirect transit routes through Central Asia.

The development has been welcomed by members of Afghanistan’s private sector, who say that expanding transit infrastructure and logistics networks could boost trade and contribute to economic growth.

In recent years, Afghanistan has emerged as an important market for Tatarstan’s halal products. According to reports, Afghan imports of halal goods from Tatarstan reached $51.7 million in 2025, marking a notable increase compared to the previous year. However, much of this trade has so far been conducted indirectly via third countries.

The planned corridor is expected to enhance direct trade links and improve efficiency in regional commerce.

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Russia backs Uzbekistan–Afghanistan trade hub, praises regional economic cooperation

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A senior Russian diplomat has praised Uzbekistan’s efforts to boost regional trade and economic cooperation, highlighting the strategic importance of a new international trade hub near the Afghan border.

Mikhail Galuzin, Deputy Minister of Foreign Affairs of the Russia, made the remarks to media representative covering an international conference titled “Uzbekistan – Russia: Strategic Partnership in the Eurasian Space,” at the Termez International Trade Center in southern Uzbekistan.

Speaking to media representatives, Galuzin commended the development of the Surkhandarya region, describing it as a “unique oasis” with significant economic potential. He said the Termez International Trade Center—located in a free trade zone—represents a major step forward in strengthening trade links, particularly between Uzbekistan and Afghanistan.

“The project deserves the highest praise,” Galuzin said, adding that the center is expected to play a key role in expanding trade and economic ties and advancing broader strategic partnerships across the Eurasian region.

The trade center was established under a resolution by Shavkat Mirziyoyev and is designed to facilitate commerce by providing a platform for Uzbek and Afghan entrepreneurs to showcase goods and investment projects. According to Galuzin, such initiatives are already contributing to increased trade turnover, with Afghanistan currently ranking among Uzbekistan’s top trading partners.

He also noted growing interest from Russian regions and businesses in participating in the project, calling for further expansion of cooperation among the countries involved.

Galuzin emphasized that platforms like the Termez trade hub and international conferences play a vital role in building direct economic connections, which in turn help create stable supply chains and open new opportunities for trade and investment across the region.

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Afghanistan opens doors to agribusiness investments amid rising opportunities

They urge MAIL to introduce incentive packages that would make the sector more attractive for investors.

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Officials from the Ministry of Agriculture, Irrigation, and Livestock (MAIL) have reiterated their commitment to expanding investment opportunities in Afghanistan’s agricultural sector, aiming to attract both domestic and international investors.

According to Sher Mohammad Khatami, spokesperson for the ministry, technical cooperation and land access are key priorities for supporting investors. “Around 72,000 jeribs of land have been allocated for agricultural and livestock projects across the country,” Khatami said.

The ministry highlights Afghanistan’s vast potential in agriculture, livestock, horticulture, irrigation, product packaging, storage, transport, and cold chain facilities. Private sector representatives note that with the proper technical support and land allocation, local investors would be more willing to participate in the sector.

However, some private investors have voiced concerns over the ministry’s performance, saying that despite Afghanistan’s high agricultural capacity, sufficient steps have not been taken to standardize products or achieve self-sufficiency.

Economic experts stress that well-targeted development of agriculture and livestock could unlock multi-billion-dollar investment opportunities.

They urge MAIL to introduce incentive packages that would make the sector more attractive for investors.

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