Connect with us

Latest News

IEA bans use of foreign currencies in bid to stabilize Afghan currency

Published

on

(Last Updated On: December 14, 2021)

Islamic Emirate of Afghanistan (IEA) officials on Tuesday banned the use of foreign currencies for commercial transactions in the country in a bid to stabilize the plummeting national currency, the Afghani (AFN).

Mawlawi Abdul Salam Hanafi, deputy prime minister, who is heading up a commission to curb the currency’s freefall, said at a press conference that the AFN would stabilize on the back of steps being taken.

“We have ordered clerics, local officials and security forces to prevent the use of foreign currencies [being used] in Afghanistan,” said Hanafi.

Mawlawi Hanafi warned that the authorities would take serious action against anyone found to be using, hoarding or smuggling foreign currencies.

This comes as Afghanistan grapples with an economic crisis following the sudden collapse of the previous government, the suspension of foreign donor money and the freezing of foreign assets.

Officials have however said there has been an increase in national revenue generated and that serious efforts are being made to stabilize the economy.

Mullah Abdul Ghani Baradar, first deputy prime minister of Afghanistan, meanwhile said while visiting an expo of domestic products in Kabul city that the humanitarian crisis, particularly the lack of food, will create challenges for the region and the world.

Mullah Baradar also criticized the international community for its silence over the issue of Afghanistan’s frozen assets.

“Why is the world silent about what the US is doing? The money did not belong to [former president] Ashraf Ghani; it belongs to the nation. Why is the US doing this? Why is the world silent? It is the nation’s money and it should be returned,” he said.

Regarding the issue of not recognizing the IEA as Afghanistan’s government, Mullah Baradar said the world is pursuing its own goals but that the IEA is committed to issues of national interest.

“We call on the international community to recognize the IEA and release Afghanistan’s frozen assets to solve the problems,” said Mullah Baradar.

The White House said on Monday that they are not yet willing to release Afghanistan’s frozen assets, which amount to over $9 billion.

Latest News

Ghori State Cement in Baghlan increases production

Published

on

(Last Updated On: April 28, 2024)

Officials at Ghori State Cement in Baghlan province say the amount of cement produced at this plant has increased compared to the past.

According to company officials, 150,000 tons of cement was produced in 1402 [solar year] and they are trying to increase the amount to 180,000 tons this year.

“Last year, we successfully produced 150,000 tons of cement and sold it to the market. Fortunately, in 1402, we had more than 200 million afghanis in revenue,” said Abdul Wakil Qayumi, financial and administrative deputy of the company.

The plant officials stated that efforts are underway to increase the production capacity, and with the increase of the production capacity, they will produce 1000 bags of cement per day.

“Currently, our four ovens are active, and we produce approximately 1,000 to 1,200 tons of cement in twenty-four hours,” said Mohammad Tahir, packaging manager for the company.

In this company, jobs are created for 750 individuals, and some workers have asked the traders to invest in the country and provide work for young people.

“Some more factories should be built in our country so that less foreign cement is imported into the country and we use our own products,” said one of the company workers.

Ghori Baghlan Cement Company was established about 40 years ago and is considered one of the largest cement production companies in Afghanistan.

The management of this company is carried out by the National Development Corporation (NDC).

Continue Reading

Latest News

Regional countries should jointly expand stability and development: Deputy PM

Published

on

(Last Updated On: April 28, 2024)

Mawlawi Abdul Kabir, Political Deputy Prime Minister, has said in a meeting with the Deputy Prime Minister of Kazakhstan in Kabul that regional countries should play their role in the implementation of large regional projects.

Kabir also invited Kazakh businessmen to invest in Afghanistan, his office said in a statement.

He added that the Islamic Emirate fully controls Afghanistan’s borders, has eliminated drugs and corruption, and restored national sovereignty.

According to the statement, Deputy Prime Minister of Kazakhstan Serik Zhumangarin appreciated the progress made by the Islamic Emirate in Afghanistan and said that his country is ready for long-term trade, transit and investment relations with Afghanistan.

Zhumangarin expressed his country’s readiness to grant scholarships to Afghan youth and added that Afghanistan is currently an example of a peaceful country in the region, and due to this, the world wants to establish relations with the Islamic Emirate in various fields.

He also called for the start of direct flights between Kabul and Almaty and said that his country is ready for bilateral cooperation with the Afghan government in the cultural field.

Continue Reading

Latest News

Red Cross official seeks ‘staggered’ return of Afghan refugees from Pakistan

Published

on

(Last Updated On: April 28, 2024)

A senior Red Cross official has called for the return of Afghan refugees from Pakistan to occur “in a more staggered way” so Afghanistan can better absorb them.

“It will be important to work with the government of Pakistan in 2024 to ask that if there are going to be returnees,” that they arrive “in smaller numbers at a time just so it is more manageable on the Afghan side,” said Alexander Matheou, regional director, Asia Pacific Region for the International Federation of the Red Cross, Voice of America (VOA) reported on Saturday.

Speaking in the Qatari capital, Doha, Matheou told journalists on Friday the challenges facing Afghan returnees from Pakistan was one of several pressing issues he discussed with the officials of the Islamic Emirate in Kabul.

“You will be aware that over half a million have crossed the border over recent months, and it is likely that we will see large numbers of new arrivals in the coming months,” he said.

“I imagine this is probably the largest population flow in a short period of time in Asia since the population movement from Myanmar into Bangladesh in 2017,” he added. “So, it is a significant event.”

Since October, Pakistan has expelled more than 500,000 Afghan refugees who lacked proper documentation.

Matheou noted many of the returnees have lived in Pakistan for decades and are ill-equipped to begin a new life in a country that to them is unknown, without government or international support.

He described the returnees as being in generally poor health, especially the children, who account for nearly half of all returnees.

“The evidence of that was we visited clinics where they reported a real spike in cases of acute malnutrition coming from the arrivals from Pakistan.

“We visited routine immunization programs of the IFRC and the Afghan Red Crescent in the villages, and there it was clear looking at the children that as well as being anemic, you could see wasting and stunting among the children,” he said.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!