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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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Afghanistan seals T20I series victory over Zimbabwe
Afghanistan secured a thrilling three-wicket victory over Zimbabwe on December 14 at Harare Sports Club, clinching the T20I series. After losing the first match, Afghanistan leveled the series with a win in the second game and sealed the victory in this final match.
Opting to bowl first, Afghanistan’s bowlers dominated, dismissing Zimbabwe for just 127 runs. Rashid Khan starred with 4 wickets for 27 runs, supported by Mujeeb Ur Rahman’s 2 for 20. Brian Bennett was Zimbabwe's top scorer with 31 runs.
Chasing 128, Afghanistan struggled early, falling to 44 for 4. However, a steady 34-run partnership from Azmatullah Omarzai and Mohammad Nabi’s 24-run contribution helped Afghanistan recover. With three wickets remaining, Afghanistan reached the target with three balls to spare, securing a hard-fought series win.
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Investment in Afghanistan’s pharmaceutical sector reaches $300 million: Union
Officials from the Union of Pharmaceutical Factories report that since the re-establishment of the Islamic Emirate, investment in Afghanistan’s pharmaceutical sector has surged to $300 million.
Ahmad Saeed Shams, the union's head, highlighted that 980 different medicines are now produced domestically, with this number steadily increasing.
Shams further stated that Afghanistan has achieved self-sufficiency in 15 key medicines. However, some union members have urged the government to foster further growth in the pharmaceutical industry, emphasizing the need for measures to curb market monopolies and promote medicine production and export.
“Afghanistan should aim for complete self-sufficiency in pharmaceuticals and begin exporting to other countries,” said Kamaluddin Kakar, a union member.
Meanwhile, Abdulsalam Jawad Akhundzadah, spokesman for the Ministry of Industry and Commerce, affirmed the ministry's commitment to supporting domestic production and investment.
He encouraged investors to share any challenges they face, assuring that the ministry provides full support to both local and foreign investors looking to invest in Afghanistan.
Private sector representatives also called on government institutions to prioritize domestic products in public contracts to help stimulate further growth in the country’s production and investment sectors.
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U.S. sentences Afghan man to 30 years in prison for narco-terrorism and witness tampering
An Afghan man accused of attempting to smuggle large shipments of heroin into the United States to benefit the Islamic Emirate and Haqqani Network has been sentenced to 30 years in prison, the U.S. Justice Department said on Friday.
Haji Abdul Satar Abdul Manaf, 59, also known as Haji Abdul Sattar Barakzai, was convicted in August after a two-week jury trial, the U.S. Justice Department said in a statement.
In June 2012. the Treasury Department sanctioned Manaf for storing or moving money for the Islamic Emirate.
Beginning in at least January 2018, Manaf attempted to import large quantities of heroin into the United States and paid the IEA and Haqqani Network to support his drug trafficking.
In August 2018, Manaf sold a 10-kilogram shipment of heroin in Afghanistan to an undercover Drug Enforcement Administration (DEA) agent, believing the heroin would be transported to the United States. Manaf claimed he had paid the Islamic Emirate to facilitate the heroin’s
production and said they would guard future shipments.
Manaf also attempted to transfer thousands of dollars of narcotics proceeds through his money-remitting business to individuals he believed were Haqqani Network operatives.
The US Justice Department also said that Manaf sought to silence a witness. While awaiting trial in New York, he directed his family members in Afghanistan to kidnap and threaten a DEA source who had testified against him.
In addition to his 30-year prison sentence, Manaf was ordered to forfeit the proceeds of his crimes and will serve five years of supervised release following his imprisonment.
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