Business
$40 million has been attained from Kabul Bank scandals – AGO
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”.
![KABUL_BANK_15_04_2015_DARI_SOT.avi_snapshot_00.22_[2015.04.15_15.40.56]](https://ariananews.af/wp-content/uploads/2015/04/KABUL_BANK_15_04_2015_DARI_SOT.avi_snapshot_00.22_2015.04.15_15.40.56.jpg)
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
Hafiz Naeemur Rehman, chief of Pakistan’s Jamaat-e-Islami Pakistan political party, has called for the immediate reopening of crossings along the disputed Durand Line and the regularisation of trade with Iran, warning that prolonged border restrictions are worsening economic hardship for communities on both sides.
Speaking at a public gathering in Zhob, in Pakistan’s Balochistan province, Rehman said restoring cross-border trade was essential for reviving Pakistan’s struggling economy and reducing pressure on ordinary citizens already grappling with inflation and unemployment.
He proposed the formation of a joint committee made up of tribal elders, business leaders and local representatives to help restore trade, resolve disputes and maintain stability along the border region.
Rehman also called for the establishment of special trade zones along the Durand Line to facilitate legal commerce and create employment opportunities in areas heavily dependent on cross-frontier movement.
The Jamaat-e-Islami leader criticised current management policies, alleging that crossings were being opened selectively for the benefit of a small group of traders while thousands of transport workers, merchants and families continued to suffer financially from the closures.
Major crossings along the Durand Line have remained largely shut since October 11 following intense clashes between Afghan and Pakistani forces and Pakistani airstrikes inside Afghanistan that reportedly killed dozens of people on both sides.
The violence sharply escalated already strained relations between Islamabad and Kabul, with Pakistan accusing Afghanistan-based militants of carrying out cross-border attacks, claims the Afghan authorities have repeatedly denied.
The prolonged restrictions have severely disrupted trade and travel between the two countries, particularly affecting frontier provinces where local economies rely heavily on the movement of goods, fuel and agricultural products.
Traders and transport unions in both Afghanistan and Pakistan have repeatedly warned that continued closures are causing heavy financial losses and worsening shortages in some areas.
Several major international pharmaceutical companies could invest in medicine production in Afghanistan as part of growing cooperation between UN agencies and Afghan authorities, who hope to strengthen the country’s healthcare system.
The development was highlighted during a meeting between Afghanistan’s Minister of Economy, Din Mohammad Hanif, and UNICEF Representative Tajudeen Oyewale, where discussions focused heavily on improving healthcare access and expanding pharmaceutical capacity.
UNICEF officials indicated that several global drug manufacturers are preparing to coordinate with Afghanistan’s Ministry of Public Health on establishing or supporting local medicine production.
The aim is to improve the availability of essential medicines for humanitarian operations while also strengthening supply in domestic markets.
The proposed investments are expected to reduce Afghanistan’s reliance on imported pharmaceuticals and improve access to essential treatments, particularly in areas affected by economic hardship and ongoing humanitarian needs.
Alongside the pharmaceutical plans, UNICEF reaffirmed its continued commitment to humanitarian assistance in Afghanistan, including programmes addressing food insecurity, climate-related pressures, and support for returning migrants.
According to figures discussed in the meeting, $520 million has been requested from international donors to support returnees. Of this, $100 million is allocated for emergency assistance, while $420 million is intended for longer-term resettlement and reintegration support.
Afghan authorities welcomed the prospect of expanded pharmaceutical investment, with Din Mohammad Hanif stressing the importance of development cooperation, job creation, and increased international engagement to support economic stability.
Officials said strengthening the pharmaceutical sector could become a key pillar in Afghanistan’s broader efforts to improve healthcare resilience and move toward greater self-sufficiency in essential medical supplies.
Afghanistan has sharply increased imports of grain from Kazakhstan, with deliveries rising 2.3-fold between September 2025 and May 20, 2026, according to Kazakhstan’s Agriculture Ministry.
During that period, Kazakhstan exported around 3 million tons of grain to Afghanistan, compared to 1.3 million tons in the same period a year earlier.
The increase comes as Afghanistan’s Finance Ministry said this week that wheat imports into the country have risen by 345% following changes in customs tariffs aimed at supporting domestic production. According to the ministry, tariffs on imported wheat flour were gradually increased from 5% to 8%, while duties on wheat imports were reduced to encourage local flour processing.
Officials said nearly 198,000 tons of wheat were imported during the first two months of the 1405 fiscal year, compared to 44,000 tons during the same period last year. The ministry added that the policy has helped expand operations at domestic flour factories, increase local production, and create more job opportunities.
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