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Private banking sector sees significant growth, says DAB
Da Afghanistan Bank (DAB) announced on Saturday that there has been a significant improvement in the financial and economic condition of the country’s private banks.
According to officials at DAB, the country’s central bank, over the past year, the assets of the country’s private banks have increased by 15 billion afghanis, and in addition to a 71 percent rise in financial resources compared to the previous year, bank guarantees worth nearly 22 billion afghanis have also been issued.
They added that a total of 12 banks are currently operating in the country: three are state-owned, two are representative offices of foreign banks, and the remaining seven are privately owned.
“Over the past year, bank guarantees worth nearly 22 billion afghanis have been issued. We are striving to bring significant progress to the banking sector so that it aligns with international standards. Over the past year, we have also succeeded in reducing banking restrictions,” Hasibullah Noori, spokesperson for DAB.
Meanwhile, some private sector members, while recognizing improvements in banking services, have urged the central bank to intensify its efforts in expanding the banking sector and promoting electronic banking to ensure greater speed and transparency.
“The condition of Afghanistan’s private banks has improved compared to three years ago. Banking services are now available to people across the country, and this process continues to expand,” said Zabihullah Nazari, a member of the Chamber of Industries and Mines.
However, some economic analysts, while acknowledging the importance of the banking sector’s activities in the country, have noted that Afghanistan’s private banks still face challenges in dealing with customers in certain areas. They have called for increased oversight of private banks’ operations.
Officials from the central bank emphasized that they provide organized services to private banks across the country and are working to deliver standardized financial and banking services to the nation’s citizens.
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Russian firm eyes investment in Afghanistan’s power plants
Russia’s Power Machines Company is interested in investing in the rehabilitation and modernization of Afghanistan’s power plants, Da Afghanistan Breshna Sherkat (DABS) said on Tuesday.
DABS Chief Executive Officer Abdul Haq Hamkar discussed the potential investment with technical officials from Power Machines, with talks focusing on rehabilitating existing power plants, modernizing equipment and expanding power-generation capacity.
According to DABS, Hamkar said the company would cooperate in facilitating preliminary technical assessments of Afghanistan’s power plants and in exploring investment opportunities in the sector.
Denis Rudakov, head of Power Machines’ commercial department, said the Russian company plans to conduct preliminary technical assessments of existing power plants in Afghanistan.
Based on the findings, Power Machines will prepare proposals for rehabilitating facilities, modernizing equipment and increasing electricity-generation capacity, DABS said.
Afghanistan currently has several operational power plants, while efforts are underway to increase their generation capacity and upgrade their equipment, according to DABS.
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IEA denies it is holding Afghan-American Mahmood Shah Habibi
Zabihullah Mujahid, spokesman for the Islamic Emirate of Afghanistan (IEA), on Tuesday denied that IEA authorities detained Mahmood Shah Habibi, an Afghan-American businessman the US claims disappeared in Kabul four years ago.
“We have no information about Mahmood Shah Habibi. He is not with the Islamic Emirate of Afghanistan. If he were, this issue would have been resolved long ago,” Mujahid said.
His remarks came a day after the FBI marked the fourth anniversary of Habibi’s disappearance and renewed its appeal for information about his whereabouts.
According to the FBI, Habibi disappeared near his home in Kabul on August 10, 2022. At the time, he was working as a consultant for Asia Consultancy Group, a Kabul-based telecommunications company. He had previously served as Afghanistan’s director of civil aviation.
The FBI has alleged that Habibi was detained by the IEA’s General Directorate of Intelligence.
The FBI has continued its investigation and in 2025 released a missing-persons poster for Habibi. The U.S. State Department has also offered a reward of up to $5 million for information leading to his location, recovery and return.
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Justice minister rejects claims of ethnic, religious bias in land reclamation
Afghanistan’s Justice Minister Abdul Hakim Sharei says the reclamation of state-owned land seized by land grabbers is a legal matter and should not be linked to ethnicity, religion or language.
Sharei, who also heads the Commission for the Prevention of Land Grabbing, made the remarks at a meeting with officials and representatives of charitable organizations in Kabul.
He said the commission is legally and religiously obligated to enforce rulings issued by the special court handling cases involving seized state land. Once the court determines that a disputed plot belongs to the state, the commission must enforce the decision, he said.
Sharei said the special court bases its rulings on documents, evidence and the law, adding that legal principles must be applied equally to all parties.
The justice minister also called on charitable organizations to work toward establishing a nationwide union and to expand their activities into fundamental and infrastructure projects.
He urged charities to avoid photographing or filming people while distributing aid, saying such practices could undermine the dignity of those receiving assistance.
Representatives of charitable organizations raised concerns over taxes, customs procedures and lengthy administrative processes. The Ministry of Justice said it would work to address the issues following the establishment of a nationwide union.
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