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Afghanistan’s central bank chief leaves for Djibouti to attend IFSB meeting
Da Afghanistan Bank, central banks of Islamic countries, Islamic banks, and international institutions are members of the IFSB.
Acting Governor of Da Afghanistan Bank (DAB), Hedayatullah Badri, has left for Djibouti to attend the 22nd annual meeting of the Islamic Financial Services Board (IFSB).
The annual meeting of the board will be held on July 1 and 2 by the IFSB and Djibouti’s central bank to discuss and approve the previous year’s executions and financial reports of the board, DAB said in a statement.
Additionally, the IFSB member countries will discuss plans and practical measures regarding Islamic banking standards, sound management of financial institutions and banks, the role of digitization on Islamic banking, and the promotion of Islamic finance and banking at the international level.
The International Financial Services Board (IFSB) is an international institution that adopts and disseminates the standards to improve the soundness and stability of the Islamic financial services industry.
The standards are adopted within the framework of Sharia law in the banking, financial markets, and insurance sectors for the institutions operating in the Islamic financial services industry.
Da Afghanistan Bank, central banks of Islamic countries, Islamic banks, and international institutions are members of the IFSB.
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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.
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