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Loan Services to Be Provided for Private Banks: Mili Bank

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(Last Updated On: October 25, 2022)

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Officials in Bank Mili of Afghanistan have said,” ways of receiving loans for private banks will be paved in order to enable Afghan investors to be capable to compete with neighboring countries.”

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Acting head of Mili bank Khisrow Zia said,” we will provide from 100$ million up to 200 $ million loans for private banks and this program will last for coming 3 years.”

During an agreement made in between the private banks and bank Mili to help and enable Afghan businessmen to continue to their investments within the country.

Officials in Bank Mili have also said,” circulation of the money will cause the investments process expanded and create lots of jobs opportunities.”

According to the statements released by the officials in Bank Mili the aim of the program is to bring close the Banks and Businessmen and the following loans will be payable in hundred times.

Meanwhile officials in private banks welcome such decision made by the Bank Mili, but Government of Afghanistan demands the Private bank to pave the ways for businessmen.

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Chairman of the Board of private enterprise Rahmuddin Haji Agha said,” Money should be circulated and moved from one hand to other hands this way the investments will be expanded and it will also create jobs opportunities in the societies.”

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However the special envoy of the Afghan Government in good Governance Ahmad Zia Masoud said,” this is the beginning of the activity National Unity Government is committed to pave more suitable ways for businessmen to be capable to compete with neighboring countries.”

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Based on the information the following loans are accessible in production of Industry, agriculture and extracting of mines.

Reported by Nimatullah Ahmadi

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Afghanistan can become important industrial center in region: Hanafi

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(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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Pakistan: Consultations underway on preferential trade agreement with Afghanistan

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(Last Updated On: May 11, 2024)

Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.

According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.

In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.

Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.

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