Latest News
ACCI, private sector call for frozen assets to be released
Afghanistan Chamber of Commerce and Investment (ACCI), other chambers and the private sector have called on the United States and the international community to release the country’s frozen assets in order for businesses to return to normal.
The US froze nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation on August 18 – pushing the country to the brink of an economic collapse.
According to the ACCI at least $3 billion of this total belongs to the private sector.
The private sector has meanwhile warned that Afghanistan could face an economic collapse and a humanitarian crisis if money is not released soon.
“All accounts of our traders have been blocked and they can’t send money,” said Younas Mohmand, deputy head of the ACCI.
The Federation of Afghanistan Chambers said no banks in Afghanistan can transfer money internationally, which has led to a crisis.
“Whatever conditions they (the US) have regarding the frozen money, we are ready to provide documentation and prove that the money belongs to our members,” said Khan Jan Alokozay, deputy head of the federation.
Officials from the Chamber of Mines and Industries meanwhile said that they are experiencing serious problems in terms of sending money out of the country.
“Based on international principles, governments come and go, but civilian’s money should not be frozen. Our message to the world is that a crisis is heading for Afghanistan. Winter is coming,” said Sherbaz Kaminzada, head of the chamber.
On the other hand, the Money Exchangers Association and private banks said there has been a serious downturn in the economy following the freezing of Afghanistan’s money.
“Afghanistan’s money is frozen everywhere; it should be released as soon as possible,” said Khan Mohammad Sarfaraz, a member of Sarai Shahzada Money Exchangers Association.
Economic analysts meanwhile warned that Afghanistan could face a human catastrophe if the assets are not released.
Tajik authorities say their border guards clashed with militants who crossed into Tajikistan’s Khatlon region from Afghanistan on Tuesday night.
Tajikistan’s State Committee for National Security said in a statement that militants intended to carry out an armed attack on one of the border outposts.
Three militants were killed and two Tajik soldiers died in the clash. From the scene, three firearms—an M-16 rifle and a Kalashnikov assault rifle—three foreign-made pistols equipped with suppressors, ten hand grenades, one night-vision device, explosives, and other military equipment were seized, according to the committee.
This was the third reported attack from Afghanistan into Tajikistan in the past month, with the previous ones targeting Chinese nationals.
The Islamic Emirate previously said it assured Tajikistan it was ready to tighten border security and conduct joint investigations.
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
Latest News
Medvedev: IEA posed less threat to Russia than western-backed groups
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Russia’s Deputy Chairman of the Security Council, Dmitry Medvedev, has said that the Islamic Emirate of Afghanistan (IEA) caused less harm to Russia than Western-backed civic organisations that, he claims, sought to undermine the country’s unity.
In an article published in the Russian journal Rodina, Medvedev wrote that while the IEA had long been designated as a terrorist organisation, its actions did not inflict the same level of damage on Russia as what he described as Western-supported institutions operating under the banner of academic or humanitarian work.
“Let us be honest: the Taliban (IEA) movement, long listed as a terrorist organisation, has caused modern Russia far less damage than all those pseudo-scientific institutions whose aim is to dismantle our country under the guise of aiding the oppressed,” Medvedev stated.
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Medvedev’s remarks come amid a shift in Russia’s official stance toward Afghanistan. In April, Russia’s Supreme Court suspended the ban on the Islamic Emirate of Afghanistan, which had previously been included on the country’s list of terrorist organisations.
Major power projects launched in Herat
Tajikistan says two soldiers killed in clash with militants near Afghan border
Sharp drop in exports to Afghanistan drives Pakistan’s trade deficit surge
Russia plans a nuclear power plant on the moon within a decade
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Afghanistan exports 10 containers of batteries to Saudi Arabia and UAE for first time
Pakistani cleric condemns lifetime immunity for Army Chief as un-Islamic
Gaza death toll tops 70,000, health ministry says
Iran rerouting more oil to China through Indonesia to dodge US sanctions
Islamic Emirate declines to attend Tehran meeting on Afghanistan
Saar: Discussion on critiquing Trump’s immigration policy
Tahawol: Scholars slam Pakistan’s attacks on Afghanistan
Saar: Discussion over the fate of Ukraine’s war
Tahawol: Return of 6.8 million Afghan refugees to IEA rule
Saar: Pakistan army chief’s allegations against Afghanistan
-
Latest News2 days agoAfghanistan exports 10 containers of batteries to Saudi Arabia and UAE for first time
-
Latest News2 days agoPakistani cleric condemns lifetime immunity for Army Chief as un-Islamic
-
Latest News4 days agoAfghanistan signs 30-year deal for marble mining in Daikundi
-
Latest News5 days agoAfghan health minister calls for medical cooperation between Kabul and New Delhi
-
Latest News4 days agoBush Institute criticizes Trump administration’s Afghan immigration freeze
-
International Sports2 days agoAriana News to broadcast key AFC Champions League Two clash
-
Regional2 days agoPakistan agrees to $4 billion arms deal with Libyan National Army
-
Health2 days agoAfghan Health Minister hails India visit as new chapter in bilateral ties