Business
Da Afghanistan Bank lifts restrictions on withdrawal of salaries from banks
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About two weeks later, banks reopened but allowed only minimum amounts of money to be withdrawn.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.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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