Category Archives: Economic News

formats

Afghanistan’s financial system is about to collapse, lender warns, as the US keeps nearly $10 billion in reserves frozen from the Taliban

·

Business Insider: Syed Moosa Kaleem Al-Falahi, the chief executive of the Islamic Bank of Afghanistan, told the BBC that Afghanistan’s financial industry was dealing with an “existential crisis” as customers panic after the Taliban took over the country last month, and Western nations and agencies freeze the country’s funds in response. “There’s huge withdrawals happening

Read More…

formats

Beijing Cautiously Backs Taliban’s Hopes Of International Recognition In Afghanistan

·

By Reid Standish Radio Free Europe/Radio Liberty September 27, 2021 China is calling for sanctions against Afghanistan to be lifted as part of a wider push by Beijing to gain international political support for the Taliban’s rule in the country. Chinese Foreign Minister Wang Yi urged his counterparts during talks with G20 ministers on September 23

Read More…

formats

Afghanistan: Taliban ban Helmand barbers from trimming beards

·

BBC News: The Taliban have banned hairdressers in Afghanistan’s Helmand province from shaving or trimming beards, saying it breaches their interpretation of Islamic law. Anyone violating the rule will be punished, Taliban religious police say. Some barbers in the capital Kabul have said they also received similar orders. Click here to read more (external link).

formats

Taliban Urge Foreign Airlines to Resume Commercial Flights to Kabul

·

Ayaz Gul VOA News September 26, 2021 ISLAMABAD — Afghanistan’s Taliban government Sunday asked foreign airlines to resume commercial flights to and from Kabul, saying problems at the capital city’s airport had been resolved and the facility “is fully operational.” The Islamist group regained control of the war-torn country in mid-August following the collapse of the

Read More…

formats

Carpet industry takes major knock as client base dries up

·

Ariana: Afghans working in the country’s renowned carpet industry say they fear for their future and that business has taken a hit following the Islamic Emirate of Afghanistan’s (IEA) takeover. “Carpet weavers should be supported and the carpet weaving industry should grow as well,” said weaver Najaf Ali Mejrayi, while pausing from his work on

Read More…

formats

Blinken Sees ‘Strong Unity of Approach’ on Taliban After Talks With Pakistan, Key Regional Players

·

Ayaz Gul VOA News September 24, 2021 ISLAMABAD — Pakistan says it has conveyed to the United States that while Afghanistan’s Taliban rulers should be held to their commitments, the world has “a moral obligation” to collectively work to help the Afghan people deal with a severe humanitarian and economic crisis in the war-ravaged country. Foreign

Read More…

formats

Balkh Residents Sell Their Home Appliances to Cope with Hunger

·

8am: Many families in Mazar-e-Sharif are selling their household items to fight starvation as poverty rises in the province. Balkh residents, say they provide food for their children by selling home appliances. According to Mazar-e-Sharif residents, there are currently no more heavy clashes and explosions, but unemployment has made life difficult for them. They call

Read More…

formats

Uzbekistan Has Good Reasons To Be On Good Terms With The Taliban

·

Bruce Pannier Radio Free Europe/Radio Liberty September 23, 2021 It has been more than a month since the international community was confronted with the fact that the Taliban had seized control over almost all of Afghanistan. Some countries are still cautious or vague about their positions on the Taliban-led government. But Uzbekistan, which shares a

Read More…