Connect with us

Business

Da Afghanistan Bank lifts restrictions on withdrawal of salaries from banks

Published

on

Da Afghanistan Bank (DAB) said Thursday it has lifted restrictions on the withdrawal of salaries by government and private sector employees.

Da Afghanistan Bank spokesman Sabir Momand said in a video message on Wednesday that all government and non-government employees would be able to withdraw their salaries from banks without any restrictions.

He added: “Da Afghanistan Bank has lifted the existing restrictions on the salaries of government and non-government employees in accordance with the strategic plan for the reconstruction of the banking and financial sector.”

Momand further added that all banks will pay out the salaries of public and private employees at their request, without delay or restrictions.

This comes after Mullah Abdul Ghani Baradar, Deputy Prime Minister of Afghanistan, called for a systematic mechanism to ease banking restrictions at a meeting of the economic commission this week.

Following the Islamic Emirate of Afghanistan’s takeover in August, all banks, including Da Afghanistan Bank, ceased operations, causing many problems for people.

About two weeks later, banks reopened but allowed only minimum amounts of money to be withdrawn.

According to an agreement between the Central Bank of Afghanistan and the Banking Association, private banks have only been able to pay out up to $200 or 20,000 Afghanis once a week to their customers.

Business

Pakistan’s kinno exports falter as tensions with Afghanistan continue

Published

on

Pakistan’s kinno exports remain far below potential as regional tensions, high freight costs and weak government support continue to choke the citrus trade.

Despite being a leading global citrus producer, Pakistan is expected to export just 400,000–450,000 tonnes of kinno in the 2025–26 season, compared with an estimated capacity of 700,000–800,000 tonnes.

Exports in 2024–25 stood at around 350,000–400,000 tonnes, mainly to Russia, the UAE, Saudi Arabia, Afghanistan, Indonesia and Central Asia. While better fruit quality this season has raised hopes, persistent crossing disruptions—especially with Afghanistan—and transport bottlenecks have offset gains.

Growers say prices have collapsed sharply, forcing panic sales. Rates for large kinno have fallen from over Rs120 per kg early in the season to as low as Rs75, while smaller fruit is selling for Rs35–40 per kg amid weak demand.

Industry leaders warn the crisis is crippling processing units and jobs. More than 100 factories reportedly failed to open this season, with dozens more shutting down as exports stall. Cold storages in Sargodha are nearly full, putting fruit worth millions of dollars at risk of spoilage, while growers fear losses of up to Rs10 billion.

Exporters are urging the government to urgently resolve issues, subsidise logistics, and help access alternative markets, warning that prolonged inaction could devastate farmers, workers and the wider economy.

Continue Reading

Business

Pezeshkian pledges to facilitate Iran-Afghanistan trade

Published

on

Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.

He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.

Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.

Continue Reading

Business

Afghanistan-Kazakhstan banking ties discussed in Kabul meeting

Published

on

A Kazakh delegation led by the Deputy Minister of Finance of Kazakhstan met with Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, to discuss ways of strengthening banking and economic cooperation between the two countries.

According to a statement issued by Da Afghanistan Bank, Khalid said the central bank is keen to establish regular and effective banking relations with Kazakhstan as part of broader efforts to expand bilateral trade.

He noted that enhanced banking cooperation would help facilitate trade, investment, and wider economic interaction between Afghanistan and Kazakhstan, while also contributing to financial stability at the regional level.

Members of the Kazakh delegation also emphasized the importance of developing banking and economic ties and expressed their readiness to expand joint cooperation.

The two sides further agreed to establish technical committees from both countries to hold expert-level discussions and advance practical steps for cooperation.

 
Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!