Business

Central bank sets up telegraphic transfer system for foreign deposits

Published

5 years ago

April 20, 2022

Da Afghanistan Bank, the country’s central bank, said on Wednesday it has established a telegraphic transfer facility for traders and investors.

Mohammad Saber Momand, a spokesman for Da Afghanistan Bank, said in a video clip on Wednesday that the bank has provided the necessary facilities for traders and investors in order to prevent losses to the general public and for traders who need to make foreign transfers.

“According to this strategy, traders and investors can grow and strengthen their business … to import raw materials, especially food, medical and agricultural drugs, health materials, fuel, raw materials, modern machines and technology needed…” Moman said.

He also said it would allow for transfers to students overseas.

According to a spokesman for Da Afghanistan Bank the humanitarian aid delivered to Afghanistan through the United Nations remains in its original state by agreement and is exempt from this arrangement.

A telegraphic transfer (TT) is an electronic method of transferring funds utilized primarily for overseas wire transactions.

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UK-Afghanistan trade falls 16.7% to £70 million over 12 months

Published

10 hours ago

November 7, 2026

Ariana News

Trade in goods and services between the United Kingdom and Afghanistan declined by 16.7 percent to £70 million in the 12 months to the end of June 2026, according to the latest figures published by the UK Department for Business and Trade.

The department’s trade and investment factsheet, released on November 6, shows that bilateral trade fell by £14 million compared with the same period a year earlier.

UK exports to Afghanistan totalled £57 million, down 18.6 percent or £13 million, while imports from Afghanistan stood at £13 million, representing a 7.1 percent decline.

The figures show that goods accounted for £32 million, or 45.7 percent, of total trade, while services made up the remaining £38 million, or 54.3 percent.

UK exports to Afghanistan included beverages, pharmaceutical products, dairy products, road vehicles and industrial machinery.

Vegetables and fruit were the leading Afghan goods exports to the UK, worth £1.7 million. Clothing and textile fabrics were also among the main products exported.

The report ranks Afghanistan as the UK’s 166th-largest trading partner, accounting for less than 0.1 percent of the UK’s total trade during the period.

Business

Afghanistan and Russia discuss expanding trade and investment ties

Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors.

Published

3 days ago

November 4, 2026

Ariana News

Afghanistan and Russia have discussed ways to strengthen bilateral trade, expand private-sector cooperation and attract new investment during a meeting in Kabul.

Inayatullah Sediqzi, Deputy Head of the Afghanistan Chamber of Commerce and Investment (ACCI) for Services, met with Russian Ambassador to Afghanistan Dmitry Zhirnov on the sidelines of an event marking Russia’s National Unity Day on Wednesday, November 4.

The event was hosted by the Russian Embassy in Kabul.

According to a statement from the ACCI, discussions focused on boosting economic relations, increasing bilateral trade and creating greater opportunities for businesspeople and investors from both countries.

Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors, exploring new areas of economic partnership and establishing stronger direct links between their respective business communities.

The discussions reflect Afghanistan’s continued efforts to expand economic engagement with regional and international partners, with increased trade, private-sector development and foreign investment remaining key priorities.

Business

Afghanistan’s pine nut exports increase by 69 percent

Published

5 days ago

November 2, 2026

Ariana News

Afghanistan’s pine nut exports increased by 69 percent in the first seven months of the current solar year 1405 compared with the same period last year, reaching $72 million, the Afghanistan Chamber of Commerce and Investment (ACCI) says.

According to chamber officials, the value of pine nut exports stood at $42 million during the first seven months of last year. The product has been exported to European countries, India and, particularly, China.

Meanwhile, officials at the Ministry of Industry and Commerce say they have taken steps since the beginning of the year to expand pine nut exports and identify new markets for the product.

However, some economic experts say pine nuts are among Afghanistan’s key export products and that relevant government ministries, particularly the Ministry of Industry and Commerce, should strengthen efforts to promote the product and secure access to new markets.

Afghan pine nuts are also exported to China, India, the United Arab Emirates, Saudi Arabia, Pakistan, the United States, the United Kingdom, Italy, Germany, Australia, Turkey, Austria and Kuwait.

Experts emphasize that pine nut packaging should be improved to meet the requirements and standards of different international markets in order to further increase exports.