Business
Afghanistan: Central bank delivers report for last fiscal year
Da Afghanistan Bank presented its performance report for the last solar year, 1401, (March 21, 2022 to March 20, 2023) on Wednesday and reported the value of the afghani increased by 1.01 percent against the previous year.
Bank officials said at a press conference in Kabul that there had also been a 59.5 percent increase in revenue collected in 1401, which totaled over $8.68 billion.
Officials said during the last year, Da Afghanistan Bank has managed the country’s foreign exchange reserves to meet the needs of the market and is trying to take effective steps to strengthen the banking and financial sector through the release of the country’s foreign exchange reserves.
Formulating a strategic plan for the management of the banking sector, reviewing legal documents, continuous monitoring of the activities of licensed banks, removing restrictions on withdrawing money from personal accounts in commercial banks and obtaining licenses from the US Treasury Department for the purpose of improving the banking system, were key achievements by Da Afghanistan Bank during the last year.
Officials also said an Islamic Banking Committee had been established within the framework of Da Afghanistan Bank in order to strengthen the Islamic banking system in the country.
Also, in order to regulate, mechanize and manage the affairs of the non-banking sector in the country as best as possible, a master plan has been drawn up by Da Afghanistan Bank and sent to the Islamic Emirate of Afghanistan’s Cabinet for approval.
The officials stated that in the past year, Da Afghanistan Bank has prevented money laundering and currency smuggling in the light of applicable laws, and in order to build trust, it has sent its performance report to relevant international organizations.
Officials of Da Afghanistan Bank say that in order to manage liquidity in the capital and provinces, the bank has taken solid steps to implement reasonable plans.
They said in the past year, the amount of 1.1 billion afghanis was released into circulation and old bank notes were withdrawn.
According to officials, the creation of a registration system of loan rights of movable properties and the monitoring system of the non-banking sector, the renewal of the banking systems of the capital and the adoption of necessary cyber measures for the security of the SWIFT system are other achievements of Da Afghanistan Bank during the year 1401.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
-
Latest News4 days agoGermany speeds up admission of Afghans from Pakistan
-
Sport4 days agoIPL 2026 Auction set for Abu Dhabi with $28.6 million purse at stake
-
Business5 days agoAfghan economy posts second year of growth despite deep structural challenges
-
Latest News4 days agoAfghanistan to establish independent oil and gas authority
-
Sport5 days agoATN to broadcast ‘The Best FIFA Football Awards 2025’
-
Latest News4 days agoUS intelligence chief warns of ‘direct threat’ from suspected terrorists inside the country
-
Latest News3 days agoIEA supreme leader stresses enforcement of Sharia law and sincere public service
-
International Sports4 days agoILT20: Desert Vipers qualify for playoffs with five-wicket win over Dubai Capitals
