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Ariana Afghan Airlines faces financial crisis as COVID-19 looms

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As per some pieces of evidence received by Ariana News, Ariana Afghan Airlines has fired 40% of its employees while decrementing the payrolls for the remaining employees up to 30%.

Some members of parliament criticize Ariana Afghan Airlines for firing its employees considering it an illegal act. They urge the government to financially support this service company and save jobs.

The COVID-19 has wilted the only governmental airline company in Afghanistan.

The CEO of Ariana Afghan Airlines said that just in the first three months of 2020, the company had suffered a loss of seven million USD due to limited flights and that now efforts were underway to make up for the loss.

Ariana News has received some shreds of evidence which show that the Ariana Afghan Airlines has decided to fire 40% of its employees as well as to decrement the salaries of the remaining employees up to 30%.

Alem Shah Ibrahimi, the CEO of Ariana Afghan Airlines, said, “We terminating our employees because we have walked into financial crisis, and we will pay others at least 30% of their salaries. We have to manage the crisis and not let the company go bankrupt.”

Some legal bodies believe that the financial crisis cannot justify firing employees, especially when COVID-19 has hit people financially.

The evidence shows that Ariana Afghan Airline suggests allocating six million dollars to establish Bakhtar Airlines, although the airline is suffering from the crisis.

Therefore, the authorities have come under criticism for not financially supporting the almost bankrupt Ariana Afghan Airlines, and instead, are trying to establish another airline company.

Although Ariana Afghan Airlines is going through its hard time, with having 40% of its workers sacked, it still conducts domestic flights transporting service workers – meaning, it could be making money.

Moreover, the airline is trying to help import important goods from other countries to Afghanistan.

The government is expected to financially support the service and private businesses to help overcome the crisis derived from the COVID-19 pandemic.

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‘Made in Afghanistan’ expo opens in Tashkent

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The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.

According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.

More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.

Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.

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Afghani strengthens nearly 10% against US dollar amid banking sector reforms

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

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Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.

Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.

Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.

Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.

They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.

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Uzbekistan delivers over 290 tons of aid to Afghanistan

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

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Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.

Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.

Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.

The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.

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