Connect with us

Business

Da Afghanistan Bank lifts restrictions on withdrawal of salaries from banks

Published

 on

(Last Updated On: April 13, 2022)

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About two weeks later, banks reopened but allowed only minimum amounts of money to be withdrawn.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

IEA’s Ministry of Finance: The recent report of SIGAR is far from the truth

Published

on

(Last Updated On: February 6, 2023)

The Ministry of Finance of the Islamic Emirate of Afghanistan (IEA) considered the recent report of “SIGAR” about companies and institutions in Afghanistan to be far from the truth and rejected it.

In the announcement that was published by this ministry on Sunday (5th January), it is stated: “The Office of the Special Inspector General of the United States of America for Afghanistan “SIGAR” has claimed in its quarterly report to the US Congress that the Islamic Emirate of Afghanistan, receives money from those organizations and institutions that work in the field of humanitarian aid; under the license fee, tax and administrative fees, which provide a large part of Afghanistan’s revenue The Ministry of Finance of the Islamic Emirate of Afghanistan considers the said report to be far from the truth and rejects it separately.”

“The Ministry of Finance has exempted those organizations and institutions that are active in the field of humanitarian aid, No money is received from them, and no administrative expenses are imposed on them.” Read the ministry statement.

The Ministry of Finance has also added that in all the country’s customs, the customs tariff of the goods imported by these organizations and institutions has reached zero, and the goods of the mentioned institutions enter the country without tax.

According to this ministry, only license fee is taken from foreign organizations and institutions, which is a small amount and has a legal framework and is balanced with other countries and has no effect on Afghanistan’s national income.

The Ministry of Finance has assured that the organs of the Islamic Emirate, including the Ministry of Finance, provide administrative, financial and security facilities for the organizations and institutions that operate in the field of humanitarian aid and are committed to all their promises in this field and in the distribution and sending of humanitarian aid they are partners with them.

Continue Reading

Business

Flour mill opens in Herat province

Published

on

(Last Updated On: February 5, 2023)

The Ministry of Industry and Commerce says that a new flour mill has opened and is now operational in Herat province.

Afghan Industry and Commerce Minister Nooruddin Azizi, inaugurated the flour mill, which is privately owned, on Saturday in the presence of an accompanying delegation.

According to the ministry, Azizi thanked the business owner for investing in the mill, which was built in Phase 1 of Herat Industrial Park at a cost of $1.2 million.

The flour mill will be able to produce 180 tons of flour per day, and has provided employment for more than 700 people.

Continue Reading

Business

Afghanistan, Pakistan sign draft convention to avoid double taxation

Published

on

(Last Updated On: February 4, 2023)

Afghanistan and Pakistan have signed a draft convention to avoid double taxation between the two countries.

The convention was signed after three-day talks concluded in Islamabad on Friday, Pakistan’s Federal Board of Revenue said in an announcement.

The Afghan delegation was headed by Revenue Legal Services Director Nida Muhammad Seddiqi while FBR’s International Tax Operations DG Sajidullah Siddiqui headed the Pakistani delegation.

The sides thoroughly deliberated over all the outstanding issues identified during the second round of negotiations held in Islamabad from 27th-30th December, 2021.

FBR Chairman Asim Ahmad thanked the Afghan delegation for visiting Pakistan and expressed optimism that the convention will further strengthen economic relations between the two countries.

Pakistan’s special envoy for Afghanistan welcomed the move as “another important step forward.”

“It took us some 12 years to cross this milestone. Investors, contractors and businesses on both sides will benefit significantly,” Mohammad Sadiq said on Twitter.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!