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Ariana Afghan Airlines resumes flights to India

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(Last Updated On: August 4, 2022)

Ariana Afghan Airlines said on Thursday that it  will soon resume passenger flights from Kabul to New Delhi.

The company wrote on its Facebook page: “The first flight from Kabul to New Delhi will be on Friday.”

According to Ariana Airline, in the first phase, there will be one flight from Kabul to New Delhi per week.

“Ariana Afghan Airlines is proud to resume its regular service to Delhi, India after a long period of time,” the company stated. 

In August 2021, Ariana Airlines flights to some countries, including India, were suspended.

New Delhi is yet to comment about the resumption of Ariana Airlines flights to the country.

Ariana Airlines has already started its flights to Iran, Russia, United Arab Emirates, Pakistan, Qatar and Turkey.

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Afghan assets moved to Swiss bank generate $36 million: Ahadi

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(Last Updated On: November 25, 2022)

The $3.5 billion in Afghan central bank assets that were transferred to a Swiss-based trust fund have generated $36 million interest, Anwar-ul-Haq Ahadi, a member of the fund’s board said this week.

Speaking in an exclusive interview with Ariana News, Ahadi said that there have been no disbursments since the fund was created in recent months.

“It has been put in circulation over the last few months. It has generated $36 million interest which are added to the assets. But it is possible that there will be disbursements in the future,” Ahadi said.

The former Afghan central bank chief and former finance minister also suggested that the assets could also be used to provide liquidity to the banking system in Afghanistan.  

“We want to reach an understanding in this regard with the central bank and the finance ministry,” he said.

Ahadi said that the main purpose of establishing the fund is preserving the central bank’s assets.

“After Afghanistan’s relations with the world become normal, the assets will be transferred to the central bank,” Ahadi added.

The $3.5 billion forms part of an original $7 billion being held in the United States following the Islamic Emirate of Afghanistan’s (IEA) takeover in August 2021.

No representative of the central bank is in the board managing the fund. Ahadi said that an advisory committee that will be created later and it will likely have represetnative of the central bank.

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IEA says ground paved for the implementation of major economic projects in Afghanistan

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(Last Updated On: November 25, 2022)

The Islamic Emirate of Afghanistan (IEA) says all grounds have been paved for the implementation of huge economic projects in the country.

The Islamic Emirate officials have recently said that they are taking steps to start big economic and regional projects in the country.

According to them, the government is fully prepared to implement all major economic projects, including the transfer of 500 KV power lines, TAPI, and CASA-1000 projects that lead to regional connectivity.

The IEA spokesman Zabihullah Mujahid has emphasized that measures have been taken to implement these projects and to establish a railway between Central and South Asia.

“The Islamic Emirate has taken all the necessary preparations for the completion of these projects, including 500 KV power lines, TAPI and CASA-1000 projects,” said Mujahid.

“In terms of security, the number of employees and duties related to the government, the preparations have been made complete,” he added.

According to Mujahid, the government is waiting for the countries involved in these projects to show full readiness.

Meanwhile, the members of the private sector also call on the Islamic Emirate to increase its efforts to implement large economic projects, adding that the process of supporting these projects can get the country out of the economic crisis.

Economic experts meanwhile still consider regional economic projects as necessary to improve the country’s economy and demand serious attention from the government in this sector.

In the past years, the lack of security was said to be one of the biggest challenges to the implementation of immense economic projects in Afghanistan, but after the Islamic Emirate’s takeover, the problem has been resolved.

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Afghanistan gets new microfinance scheme

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(Last Updated On: November 24, 2022)

The UN Refugee Agency (UNHCR) along with the Aga Khan Development Network’s First MicroFinanceBank-Afghanistan (FMFB-A), have launched a new microfinancing scheme to assist internally displaced people, returnees, and residents of host communities engaged in small business activities.

The scheme, which is Islamic and Sharia financing compliant, is a joint initiative to help small businesses, particularly women-run enterprises.

This is UNHCR’s first microfinance initiative in Afghanistan aiming to benefit the most vulnerable people as they move into productive economic activities, a statement issued by the agency reported.

The scheme is initially being rolled out by First MicroFinanceBank in five provinces, Balkh, Bamiyan, Herat, Kabul, and Nangarhar and will expand to other locations where FMFB-A maintains branches, the statement noted.

“Afghans, particularly women, are striving to support their households with very marketable skills and abilities,” declared UNHCR Representative Leonard Zulu. “This initiative will help individuals get a firm foothold on the business ladder and establish themselves, while delivering more economic vitality to their communities.”

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