Business
Afghan Senate accuses central bank officials of “violating law”
Members of the Upper House of the Afghan parliament said that the Central Bank Governor Ajmal Ahmadi, contrary to principles, has fired his deputies and staff, calling him a “tyrant”.
In a video released on social media shows that Afghan Central Bank – Da Afghanistan Bank -security guards did not allow Wahid Nooshir, the organization’s first deputy, to enter his office.
Nosher, in a Facebook post, said that as per the oral direction of President Ghani he intended to resign from his post on Monday, but he was not allowed to enter the Bank.
Nosher accused Ajmal Ahmadi of breaking administrative principles.
Qasim Rahimi, dismissed deputy head of the Central Bank of Afghanistan also considers the attitude of the head of this institution towards the bank’s employees against the law and principles.
According to the article Seven of the Da Afghanistan Bank Law, the Supreme Council of Da Afghanistan Bank shall be composed of seven members, as follows: Governor as Chairman of the Supreme Council First Deputy Governor as Vice Chairman of the Supreme Council Five other members.
The article says that “[All] members of the Supreme Council shall be appointed by the President of Afghanistan with the consent of the parliament of Afghanistan.”
Article 12 of the law says that the Governor, the First Deputy Governor, and any other member of the Supreme Council, of Da Afghanistan Bank, shall be suspended or removed from office by the President of Afghanistan.
“No member of the Supreme Council shall be suspended or removed from office before a hearing has been held by the President of Afghanistan where such member or his legal representative has presented his reasons,” read the law.
Meanwhile, lawyers say that if any employee of the organization is accused of corruption, only the judiciary has the right to review the case, and then the leadership must decide.
On the other hand, officials at the Integrity Watch of Afghanistan and economic experts are concerned about the current situation at the Central Bank of Afghanistan, saying that the continuation of such a situation will put the financial institution in crisis.
The head of the Central Bank of Afghanistan has not commented on the reason for the dismissal of his two deputies, but a statement from the organization said that the latest measures were taken in accordance with Article 20 and the third paragraph of the Central Bank of Afghanistan law.
Business
Afghanistan officials call for investment during Indian expo visit
The event brought together officials and business representatives from more than 80 countries, showcasing agricultural, industrial, and construction products across 350 exhibition booths.
Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment (ACCI), has traveled to India to participate in the Bharat Buildcon International Exhibition, one of the country’s largest construction and infrastructure expos.
The event brought together officials and business representatives from more than 80 countries, showcasing agricultural, industrial, and construction products across 350 exhibition booths.
On the sidelines of the exhibition, Hashemi held meetings with Indian and international investors, business leaders, and private sector representatives to discuss expanding economic cooperation and investment opportunities in Afghanistan.
He highlighted Afghanistan’s vast reserves of construction raw materials and mineral resources, encouraging Indian and international companies to invest in the country’s mining, construction, and manufacturing sectors.
Accompanied by Afghanistan’s Ambassador to India, Noor Ahmad Noor, and Health Attaché Sayed Emad Hashemi, the ACCI chairman also visited the booths of several leading global companies.
During his visit, Hashemi toured a major traditional medicine manufacturer and emphasized the importance of expanding bilateral trade in medicinal herbs and agricultural products between Afghanistan and India.
He noted that growing demand for construction materials, combined with Afghanistan’s abundant natural resources, positions the country as an attractive destination for foreign investment, particularly from Indian companies.
Business
Afghanistan and Kazakhstan seal 25 private sector MoUs for cooperation
Business
Trans-Afghan Railway cost surges to over $7 billion as regional interest grows
The project includes approximately 760 kilometers of new railway construction inside Afghanistan, between Mazar-e Sharif and Torkham.
The estimated cost of the proposed Trans-Afghan Railway linking Uzbekistan, Afghanistan and Pakistan has risen to more than $7 billion, according to Uzbek Deputy Minister of Transport Jasurbek Choriyev.
Speaking at the Tashkent International Investment Forum on June 18, Choriyev said the updated figure reflects ongoing technical assessments and the evolving scope of the project. Earlier estimates had placed the cost at around $4.8 billion.
He noted that a detailed feasibility study for the strategic railway is currently underway and is expected to be completed by the end of 2026.
Strategic regional corridor
The Trans-Afghan Railway is planned to establish a direct rail link from Termez in Uzbekistan through Mazar-e Sharif, Logar, Kharlachi and Torkham in Afghanistan, before continuing into Pakistan and connecting with major ports including Karachi.
The project includes approximately 760 kilometers of new railway construction inside Afghanistan, between Mazar-e Sharif and Torkham.
According to officials, the railway is expected to significantly reduce transport time between Central Asia and Pakistan—from around 35 days to as little as three to five days—while also lowering logistics costs.
Trade and cargo capacity
Choriyev said the railway could handle up to 20 million tons of cargo annually, doubling earlier estimates of 10 million tons.
He added that the corridor would provide Central Asian countries with faster access to global maritime trade routes and strengthen economic links between South Asia, Central Asia and CIS states, where combined trade exceeds $700 billion.
Officials also estimate that container transport costs along the route could be reduced by nearly three times compared to existing logistics pathways.
Financing and international interest
The deputy minister confirmed that several countries, including the United Arab Emirates and Qatar, have expressed interest in participating in the project. The Eurasian Development Bank has also indicated readiness to support financing.
Uzbek officials have been promoting the railway as a long-term strategic infrastructure project aimed at boosting regional connectivity and trade integration. While feasibility work continues through 2026, final investment and construction decisions are expected to follow upon completion of the study.
The project is widely seen as a key component of efforts to transform Afghanistan into a transit hub linking Central and South Asia.
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