Latest News
Finance Ministry starts paying World Bank and Asian Development Bank dues
The Ministry of Finance (MoF) officials say they have started paying the World Bank and Asian Development Bank loans received by the former government.
The ministry has not stated the exact amount of these loans, but according to reports, Afghanistan owes 1.4 billion US dollars.
“The government owes some money to donors. At the same time, the nation’s debts are still on these donors. Before the donors asked us to pay the debts, our first request to them was that they should come to pay the nation’s debts first,” Ahmad Wali Haqmal, a spokesman for the finance ministry.
He also added that the loans that the government owes are less.
The ministry has added that it intends to pay the loans based on a specific policy.
Nasratullah Mahmood, general director of the treasury of the Ministry of Finance, also stated that they have made the financial institutions pay the debts of the Afghan people that remained due to incomplete projects.
“This year, we gave some of their money, including money of the World Bank, and a few days ago, we paid some money of the Asian Development Bank, and this is only on the basis that they are also obliged to pay people’s debts,” said Mahmood.
Economic experts meanwhile believe that due to the economic situation in the country, the government will not be able to pay the loans at once and it is necessary to take a special policy.
More than 50 percent of these loans were taken during the time of Hamid Karzai, the former president, and the other part was taken from foreign institutions and countries during the government of President Ashraf Ghani in 2017, 2019 and 2020, and the repayment period is said to be within 10 to 40 years.
Latest News
Tajikistan says two soldiers killed in clash with militants near Afghan border
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
Latest News
Medvedev: IEA posed less threat to Russia than western-backed groups
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Russia’s Deputy Chairman of the Security Council, Dmitry Medvedev, has said that the Islamic Emirate of Afghanistan (IEA) caused less harm to Russia than Western-backed civic organisations that, he claims, sought to undermine the country’s unity.
In an article published in the Russian journal Rodina, Medvedev wrote that while the IEA had long been designated as a terrorist organisation, its actions did not inflict the same level of damage on Russia as what he described as Western-supported institutions operating under the banner of academic or humanitarian work.
“Let us be honest: the Taliban (IEA) movement, long listed as a terrorist organisation, has caused modern Russia far less damage than all those pseudo-scientific institutions whose aim is to dismantle our country under the guise of aiding the oppressed,” Medvedev stated.
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Medvedev’s remarks come amid a shift in Russia’s official stance toward Afghanistan. In April, Russia’s Supreme Court suspended the ban on the Islamic Emirate of Afghanistan, which had previously been included on the country’s list of terrorist organisations.
-
Latest News2 days agoAfghanistan exports 10 containers of batteries to Saudi Arabia and UAE for first time
-
Latest News2 days agoPakistani cleric condemns lifetime immunity for Army Chief as un-Islamic
-
Latest News4 days agoAfghanistan signs 30-year deal for marble mining in Daikundi
-
Latest News4 days agoBush Institute criticizes Trump administration’s Afghan immigration freeze
-
International Sports2 days agoAriana News to broadcast key AFC Champions League Two clash
-
Regional2 days agoPakistan agrees to $4 billion arms deal with Libyan National Army
-
Health2 days agoAfghan Health Minister hails India visit as new chapter in bilateral ties
-
Latest News1 day agoPakistan’s actions target militants, not religious sites: Khawaja Asif
