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Category Archives: Economic News

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Afghan Central Bank Hails US Judge for Barring 9/11 Victims from Seizing Frozen Funds

22nd February, 2023 · admin

Ayaz Gul VOA News February 22, 2023 ISLAMABAD — Afghanistan’s central bank Wednesday welcomed a U.S. federal judge’s decision against turning over $3.5 billion in frozen Afghan funds to victims of the September 11, 2001 terror attacks to settle court judgments against the Taliban. “The currency reserves are owned by Afghans, which are lawfully used for

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Posted in Economic News, Taliban, US-Afghanistan Relations | Tags: Da Afghanistan Bank |
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EU Considers New Sanctions on Taliban Authorities for Violating Human Rights: German FM

22nd February, 2023 · admin

Khaama: Annalena Baerbock German Foreign Minister has announced that after consultations with the European foreign ministers in Brussels, the EU is considering imposing a new set of sanctions on the Taliban authorities for repressing women in Afghanistan. German Foreign Minister has said that Afghan women and girls are currently faced with “systematic and gender-based restrictions”

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Posted in Afghan Women, Economic News, EU-Afghanistan Relations, Germany-Afghanistan Relations, Taliban |
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Taliban Sets Up Investment Consortium With Firms From Russia, Iran

22nd February, 2023 · admin

Reuters: Afghanistan’s Taliban-led administration has set up a consortium of companies, including some in Russia, Iran, and Pakistan, to create an investment plan focusing on power, mining, and infrastructure, the acting commerce minister, Nooruddin Azizi, said on February 22. The consortium included 14 Afghan businessmen and the Commerce Ministry had signed a memorandum of understanding

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Posted in Economic News, Iran-Afghanistan Relations, Russia-Afghanistan Relations | Tags: Nooruddin Azizi |
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Busiest Crossing on Afghanistan-Pakistan Border Remains Closed for Third Day

21st February, 2023 · admin

Ayaz Gul VOA News February 21, 2023 ISLAMABAD — Pakistan and Afghanistan’s Taliban authorities were in talks Tuesday to resolve differences that led to the closure of their busiest border crossing two days ago, stranding thousands of cargo trucks and travelers on both sides, according to officials in both countries. The Taliban closed the Torkham point

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Posted in Economic News, Pakistan-Afghanistan Relations | Tags: Durand Line, Torkham |
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Fresh $40 Million Cash Reaches Kabul: Afghanistan Central Bank

21st February, 2023 · admin

Khaama: Afghanistan Central Bank on Tuesday announced that a fresh $40 million cash package has reached Kabul, and deposited in a private bank. Afghanistan central bank also known as ‘Da Afghanistan Bank (DAB) in a statement said on Tuesday that the Afghan Interim Regime[Taliban] appreciates the moves which lead to the inflow of cash to

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Posted in Economic News, Taliban | Tags: Ahmad Massoud, Secretly funding Taliban, West funding Taliban, West supporting Taliban |
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China to become Afghan’s second-largest trade partner in 2023

20th February, 2023 · admin

Ariana: China’s trade with Afghanistan has been growing fast and it may become the second-largest trading nation with Afghanistan in 2023 after Pakistan, a situation that bodes well for the continuation of the CPEC part of the Belt & Road Initiative into Afghanistan, as per Silk Road Briefing (SRB). In December 2022 the top exports

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Posted in China-Afghanistan Relations, Economic News |
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Taliban plans to turn former foreign bases into special economic zones

19th February, 2023 · admin

Reuters: “Following a thorough discussion, it was decided that the Ministry of Industry and Commerce should progressively take control of the remaining military bases of the foreign forces with the intention of converting them into special economic zones,” Mullah Baradar said in the statement. Click here to read more (external link).

Posted in Economic News |
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More than 70 houses destroyed in Badakhshan earthquake

18th February, 2023 · admin

Ariana: Seventy six houses were destroyed in several parts of Badakhshan in a 4.7 magnitude earthquake on Thursday night, officials confirmed Saturday. Afghanistan’s Natural Disaster Management officials in the province said the damage to the building was extensive but no casualties were reported. Click here to read more (external link).

Posted in Economic News, Environmental News | Tags: Badakhshan, Earthquake, Natural Disasters |
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Afghanistan as a Site of U.S.-China Competition

17th February, 2023 · admin

Lawfare: Despite the CCP’s concerted efforts to approach its relationship with the Taliban pragmatically, with economic incentives and a concrete security agenda, the reality of the current situation in Afghanistan is highly volatile. While blaming the U.S. and Western countries for the ongoing financial and humanitarian disaster in the country, the Taliban appear more focused

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Posted in China-Afghanistan Relations, Economic News, Security, Taliban, US-Afghanistan Relations | Tags: Natural Resources, Taliban Security Failure |
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Impoverished Afghans Turn To Booming Crystal-Meth Industry To Eke Out A Living

16th February, 2023 · admin

By RFE/RL’s Radio Azadi Abubakar Siddique February 16, 2023 A devastating humanitarian and economic crisis has forced millions of Afghans to find new sources of income. A growing number of them have turned to the booming methamphetamine industry to eke out a living and stave off starvation. Among them is Ahmad Wali, who lives in the

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Posted in Drugs, Economic News, Taliban | Tags: Crystal Meth in Afghanistan, Life under Taliban rule, Meth in Afghanistan, Taliban and Drugs |
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