Business

Da Afghanistan Bank lifts restrictions on withdrawal of salaries from banks

Published

2 years ago

April 13, 2022

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About two weeks later, banks reopened but allowed only minimum amounts of money to be withdrawn.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

$23 million pharmaceutical company opens in Kabul

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Published

18 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

A new pharmaceutical company, costing $20 million, was officially opened on Thursday in Kabul in the presence of Islamic Emirate leaders, including Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The new company will reportedly manufacture 50 different types of drugs once fully operational.
Addressing the launch ceremony on Thursday, Baradar outlined the importance of quality in terms of pharmaceuticals and said poor-quality drugs threaten lives while good-quality medicines can save lives.

Baradar also pointed out that more manufacturing companies like this will help grow the country’s economy.

He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

Health officials meanwhile said that currently there are 77 pharmaceutical companies in the country and that serious efforts are being made to make the country self-sufficient in this regard.

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Kandahar officials inaugurate $50 million pharmaceutical company

Business

Sugar exports to Afghanistan resume after four year break

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Import, export volumes total $7.5 billion in 1st nine months of this solar year

Business

Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

120 Chinese companies held investment talks with IEA since takeover