Business
Massive crowds form outside banks in Kabul, as locals rush to withdraw cash

Afghans wanting to withdraw money were seen gathered outside banks in Kabul, Afghanistan on Monday, amid concerns over the implementation of new restrictions on cash withdrawal.
Earlier on Saturday, a statement from the Taliban had ordered banks to reopen and imposed a limit on withdrawals of 20,000 Afghani ($233).
Local resident Shah Agha hoped the reopening of banks would result in work being available for Afghans again. “The working situation is zero because banks and exchange markets are closed. We call on the Islamic Emirate to build the Afghan economy as soon as possible,” he said.
Taliban spokesperson Zabiullah Mujahid said officials had already been appointed to run key institutions including the ministries of public health and education and the central bank.
He also said he expected the serious economic turbulence which has hit the Afghani currency to ease soon.
Prices for commodities including flour, oil, and rice are rapidly rising and the currency is plunging, with money changers in Pakistan already refusing to accept the Afghani.
Business
Ministry of Finance rejects claims of closure of Islam Qala customs office

The ministry of finance has rejected claims that the Islam Qala customs office in Herat province has suspended operations.
According to officials, media reports indicated that their office closed on Wednesday.
“We reject the false reports published in this regard and want to mention that Islam Qala Customs of Herat works normally and provides the necessary services,” officials said.
Business
Five-day expo in Herat of domestic products draws good response

Herat Chamber of Industries and Mines says a five-day expo of domestically manufactured goods has drawn over 20,000 visitors and that business owners have signed dozens of contracts with investors and traders from other provinces.
“The booths were very good, the facilities were very good, people had all visited, participated from Herat and other provinces, and many of the contracts were signed at this expo,” said Toryali Ghousi, deputy of Herat Chamber of Industries and Mines.
Officials also said that the factory owners have displayed their products in 120 booths.
Dairy and other consumable products along with plastic goods, medicines and home appliances were among the items showcased at this expo.
Business owners have welcomed initiatives to hold expos and say more are needed so as to encourage people to buy domestic products.
“If these expos are always held and people come to see the domestic products, Inshallah, we will be able to stop the goods coming from abroad and move towards self-sufficiency,” said one business owner.
“Most of the people are not aware of domestic products and when expos are held, they become aware of domestic products,” said another participant.
Business
Process of exporting fresh fruit to world markets kicks off: MoIC

The Ministry of Industry and Commerce (MoIC) says the process of exporting fresh fruit to world markets has started.
The ministry’s spokesman Abdul Salam Jawad said that they are trying to market the country’s fresh fruits in order to export them at a reasonable price.
“Fortunately, we were able to export 20 tons of cherries to Kazakhstan, and our other fresh fruit is black cherry, which are ripe and almost ready to package, and we will export them to the United Arab Emirates and Kazakhstan,” he said.
The Chamber of Agriculture and Livestock also said that when problems with the issuing of visas by countries to Afghan businessmen are resolved, they can export more products.
“We have invested in the packaging and in the cold storage areas, and we have the ability to adjust and export this packaging to Europe and America based on global standards,” said Omid Haidari, head of foreign relations of the Chamber of Agriculture and Livestock.
“Unfortunately, due to the lack of air corridors and subsidies from the Ministry of Agriculture, we indirectly export fruits to India and Pakistan, and later Indian and Pakistani businessmen buy from us and export to Europe,” he added.
However, a number of investors say that if the country’s fresh fruit is not marketed, farmers and businessmen will face losses.
“Seven kilos of our watermelons are sold for fifty afghanis, seven kilos of our watermelons from Farah to here [Kabul] cost forty afghanis as fare; the farmer is really very poor,” said a trader.
According to experts, if fresh fruit and other products of Afghanistan are regularly exported, the country’s national income will increase.
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