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MEC says Kabul Bank embezzlement crisis investigations sack

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(Last Updated On: October 25, 2022)

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Kabul Bank embezzlement crisis is still unsolved and the New Kabul Bank is working with deficiencies.

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee (MEC) in a press conference presenting their six month report said that Kabul bank investigation is unacceptable, because there are defects on their reports.

Rashid Behroz Chief Executive Officer of the MEC said,” Inquiry to the Kabul Bank crisis is unacceptable, because they haven’t collected all the moneys being embezzled and the New Kabul Bank is also having faults”.

The Committee believes that there is a strong commitment for eliminating corruption in Afghanistan government leadership, but there are some procrastinations and unwillingness in the governmental institutions.

“Our findings reveal that all governmental institutions were not good colleagues with us, they were not cooperating with us, but there are some institutions partially helped the committee in anti-corruption cases,” Behroz added.

MEC further asked the government to trail those governmental officials affected with corruptions.

“There are many corruption cases showing high governmental officials involvement including Omar Zakhilwal ex-finance minister, we are asking the government to trail all those accused for corruption in transparent court.”

The committee is also presenting a large number of recommendations for anti-corruption efforts.

Sayed Hameedullah Tawab MEC Advisor said,” the recommendations we have provided for anti-corruption efforts to the governmental institutions will be very efficient to decrease corruption”.

Different organizations have struggled to tackle the corruption challenges, but their activities and practical actions were very rare.

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee (MEC) independently monitors and evaluates national and international efforts to fight corruption in Afghanistan.

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Reported by: Rafi Sediqi

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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