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Central Bank’s supreme council members meet



(Last Updated On: December 7, 2022)

Shah Mohammad Mehrabi, a board member of the Swiss-based Afghan Fund is attending a two-day meeting of the Supreme Council of Da Afghanistan Bank (DAB).

The meeting got underway on Tuesday and members will discuss a range of issues, including the performance of the central bank, the implementation of planned programs, the economic situation, the implementation of the monetary policy, strengthening of the banking sector and financial stability.

Digitization of payments and the creation of baking facilities are also being discussed, the bank said in a statement.

“Devising proper monetary policies, strengthening of banking sector, economic development, administrative and other issues will be discussed and decisions will be taken,” said Hasibullah Noori, a spokesman for DAB.

Economic experts suggest that the central bank should increase engagement with international financial institutions, in addition to improving banking facilities.

DAB Supreme Council holds four meetings annually to discuss the bank’s policies and performance.

It is the first such meeting after the board of Swiss-based Afghan Fund met last month.


Russian PM says Moscow ready to expand transport routes to Afghanistan, South Asia



(Last Updated On: September 19, 2023)

Russia is ready to intensify the expansion of Eurasian transport routes, including those to Afghanistan and South Asia, Russian Prime Minister Mikhail Mishustin said.

“Further steps towards the development of the North-South international corridor are a priority. As we have said before, this project can compete with the Suez Canal in terms of cargo transportation, and its implementation will boost trade and economic cooperation between all project participants,” Mishustin said at a meeting with Uzbek Prime Minister Abdulla Aripov, Interfax news agency reported on Monday.

“In this area, we are ready to focus on the expansion of all transport routes on the common Eurasian space, including those to Afghanistan and South Asia,” he said.

Drafting a comprehensive cooperation program to develop rail transport in Uzbekistan was a key objective, Mishustin said while speaking of greater transport connection between Russia and Uzbekistan, as well as the Eurasian space in general. “Russian investors are ready to help upgrade airport infrastructure,” he said.

Uzbekistan’s Aripov said, in turn, that the development of new international transport corridors would allow access to promising markets.

“We support the development of a key transport corridor on the Eurasian continent, the North-South international corridor. We are interested in the joint launch of a new multimodal transport corridor between Belarus, Russia, Kazakhstan, Uzbekistan, Afghanistan and Pakistan. An important aspect of this initiative is the construction of a railroad in the trans-Afghan corridor,” he said.

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Rawnaq launches business development program for 40 small companies



(Last Updated On: September 18, 2023)

Cordaid International Organization has launched a trade development training program for 40 small businesses through a project, Rawnaq, to support the private sector and create jobs for internally displaced people (IDPs).

Zalmay Isaar, manager of Rawnaq in Herat, said that the participants have learned basic business skills over a week’s training session.

“The main goal of Rawnaq project is to create jobs and work opportunities for internally displaced people, and in the second step, we are trying to get private companies to help us to achieve this goal,” said Isaar.

This project gives valid documents to the participants so that they can promote their businesses, he added.

A number of businessmen and industrialists meanwhile believe that this project will be effective for the growth of domestic production.

“It has been really effective and useful for the companies whose managers are women because it is the need of every company that they should have the capacity and build capacity,” said Behnaz Seljuqi, deputy director of Women’s Chamber of Commerce and Industries in the western zone.

On the sidelines of this program, an exhibition of handicrafts and domestic products has also been held.

It is said that many men and women who have received the necessary training in business have started small businesses for themselves.

“Inshallah, we will implement these equations and programs that we learned during the program in our work and business,” said Nazir Ahmad Noori, a businessman.

Rawnaq project started its activity in 2020 and its aim is to grow businesses so that they can provide employment for IDPs through investment.

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Over 80,000 square meters of Afghan carpets exported monthly: Union



(Last Updated On: September 17, 2023)

The Union of Carpet Producers and Exporters in the western zone of the country says over 80,000 square meters of carpets are exported to world markets every month, and that the volume of exports has continued to grow.

The union officials, however, say they do not have direct access to the world markets, but Afghan carpets are sent to the markets of European and American countries through Pakistan.

“According to a survey conducted in 1402, it can be said that 80 to 100 thousand square meters of carpets are exported to different countries every month,” said Mohammad Rafi Naderi, head of the union.

Carpets are usually exported through Pakistan to the US, Canada, England, European countries and some Asian countries, he said.

Meanwhile, carpet sellers in Herat city expressed concern saying that although the market for carpets has improved, they cannot send domestic handwoven carpets to global markets directly.

According to them, Afghan carpets are still exported to the world markets as having been woven in neighboring countries, stressing that there was a need to promote Afghan carpets.

“Now traders don’t come, now our goods go to Pakistan, and from Pakistan, our carpets are being exported under the name of Pakistani goods abroad,” said Abdul Khaliq Qaderi, a carpet seller.

Meanwhile, Herat’s Department of Industry and Commerce says the process of exporting carpets abroad has improved recently, so efforts are being made to improve the carpet industry and export it to global markets.

“In each zone, places have been selected for better export, good control and packaging,” said Bashir Mohammad Seerat, head of Herat Industry and Commerce Department

According to him, due to the export of carpets from Herat, a facility is being considered where carpets can be packaged.

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