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DAB plans to set up electronic payments in Afghanistan
Da Afghanistan Bank (DAB) officials say they first plan to set up electronic payments in large stores and oil stations in Kabul city and then in other big cities of the country.
DAB officials stated this system of payment can prevent the physical transaction of money.
They added that with electronic payments money circulation is prevented and the value of the afghani currency increases.
“Our effort is to have these machines in stores and oil stations in the first stage so that citizens can pay their transactions electronically,” said Haseebullah Noori, DAB spokesman.
Meanwhile, some industrialists said that when electronic payments become common, this will also increase business and on the other hand, services will be accelerated.
“This system has many benefits. One is that physical money is not used and the second is that it creates a facility for people. Thirdly, these funds are kept and consolidated in the country’s banks, and the banks can invest in Afghanistan,” said Abdul Jabbar Safi, director of the Association of Industrialists.
DAB stated it will expand electronic payments first in the capital and then in big cities. Currently, the majority of transactions within the country are done with physical money.
However, this is not the case in other countries and all financial transactions are done through banks and electronic payments.
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Afghan and Iranian officials discuss expanding economic cooperation
Ahmad Jan Bilal, General Director of State-Owned Corporations, met on Tuesday with Iran’s Ambassador to Kabul, Ali Reza Bikdeli, to discuss expanding bilateral economic cooperation and following up on issues raised during his recent visit to Iran.
According to a statement from the General Directorate of State-Owned Companies, the meeting focused on reviewing ways to implement discussions held with Iranian officials during Bilal’s visit.
Bikdeli described the visit as positive and productive, stressing the importance of following up on the issues discussed and taking practical steps to advance bilateral cooperation.
He said Iran is ready to cooperate with Afghanistan in oil and gas exploration, extraction and exports, refinery construction, agriculture, water and electricity.
Bilal, for his part, said the Islamic Emirate is interested in expanding joint cooperation with Iran in energy, agriculture, industrial development and other economic sectors. He added that his office would work with the Iranian side to turn the proposed areas of cooperation into practical initiatives.
Bilal also reaffirmed his office’s commitment to following up on the issues discussed during his recent visit to Iran and working towards their implementation in coordination with Iranian officials.
Bilal recently visited Iran at the head of a delegation, holding talks with several Iranian officials on expanding economic, trade and investment ties, particularly in the state-owned companies sector.
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Ariana Airlines reduces Kabul–Islamabad–Kabul airfares by $20
Ariana Afghan Airlines announced on Tuesday a reduction in ticket prices for flights on the Kabul–Islamabad–Kabul route from $190 to $170.
According to the airline, passengers can now purchase tickets for this route at $20 less than the previous fare.
The airline has also set a special fare of $150 for students travelling on this route.
Ariana Afghan Airlines said the move aims to reduce travel costs and make air travel more affordable and accessible for passengers and students.
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Afghanistan and Russia discuss expanding economic ties and boosting bilateral trade
During the meeting, Muttaqi stressed that Afghanistan and Russia should expand economic cooperation based on shared interests and mutual benefits.
Afghanistan’s Foreign Minister Amir Khan Muttaqi has met with Zamir Kabulov, Russian President’s Special Representative for Afghanistan, to discuss strengthening bilateral relations, expanding economic cooperation and increasing trade between the two countries.
During the meeting, Muttaqi stressed that Afghanistan and Russia should expand economic cooperation based on shared interests and mutual benefits.
Kabulov, meanwhile, praised the Islamic Emirate’s efforts to combat drug trafficking and cultivation, saying reports by some international organisations on the issue do not reflect the realities on the ground.
Muttaqi reiterated that the Islamic Emirate remains committed to combating drug cultivation, production and trafficking, describing these efforts as important for the security and stability of both Afghanistan and the wider region.
The meeting comes amid continued efforts by Kabul and Moscow to strengthen diplomatic and economic engagement and explore opportunities for broader bilateral cooperation.
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