LATEST UPDATES

Isolated To Scattered Rains Forecast In J&K, Temp Rises

Precious Kashmir 19/08/2022

Light Rain Forecast In J&K

Precious Kashmir 18/08/2022

Elderly man injured in bear attack in Uri

Precious Kashmir 18/08/2022

Drone Dropping Of Weapons: NIA Carrying Out Raids At Multiple Locations In J&K

Precious Kashmir 18/08/2022

Minor Killed In Hajin Road Accident

Precious Kashmir 18/08/2022

Police Warns Of ‘Legal Action’ If Front, Rear HSNP Not Affixed In Vehicles

Precious Kashmir 17/08/2022

Shopian Killing: 2 involved persons identified, strict action to be taken, Says DGP

Precious Kashmir 17/08/2022

Shopian Killing: KP employees, members protest in Jammu, demand relocation

Precious Kashmir 17/08/2022

President MC Magam arrested for granting building permission beyond his competence

Precious Kashmir 17/08/2022

MeT predicts scattered light rain in J&K

Precious Kashmir 17/08/2022

Livestock, makeshift tent swept away after cloudburst hit near Jawahar Tunnel

Precious Kashmir 17/08/2022

6 semi-decomposed bodies found in two houses in Jammu

Precious Kashmir 17/08/2022
  • Pak drone spotted near border village

    495 shares
    Share 198 Tweet 124
  • Drone Dropping Of Weapons: NIA Carrying Out Raids At Multiple Locations In J&K

    495 shares
    Share 198 Tweet 124
  • Centre issues draft Indian Ports Bill, 2022

    494 shares
    Share 198 Tweet 124
  • 2 held, 3 vehicles seized in Sopore: Police

    494 shares
    Share 198 Tweet 124
  • Toshkhana brought under administrative control of Deptt of Culture

    494 shares
    Share 198 Tweet 124
  • Light Rain Forecast In J&K

    494 shares
    Share 198 Tweet 124
  • 3 IAS, 1 IRS officers transferred

    494 shares
    Share 198 Tweet 124
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Saturday, August 20, 2022
PRECIOUS KASHMIR
No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Precious Kashmir
No Result
View All Result
Home World

Afghan banking system close to collapse

Indo Asian News Service by Indo Asian News Service
29/09/2021
in World
1 min read
Afghan banking system close to collapse
FacebookTwitterWhatsappEmail

New Delhi:  Afghanistan’s banking system is close to collapse. Syed Moosa Kaleem Al-Falahi, the Chief Executive of the Islamic Bank of Afghanistan, said the country’s financial industry is in the grip of an “existential crisis” as customers panic, BBC reported.
“There’s huge withdrawals happening at the moment”, he said, speaking from Dubai, where he is temporarily based because of the chaos in Kabul.
“Only withdrawals are happening, most of the banks are not functioning, and not providing full services,” he added, the report said.
Afghanistan’s economy was already on shaky ground even before the Taliban took control in August.
But since the Taliban takeover, the West has frozen international funds, including assets Afghanistan could have accessed with the World Bank and International Monetary Fund (IMF).
So accessing international funds and foreign assistance is key to Afghanistan’s survival.
But countries like the US have said that while they are willing to consider working with the Taliban – it will depend on some pre-conditions – including the regime’s treatment of women and minorities.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)

Related

Share196Tweet123SendSend
Indo Asian News Service

Indo Asian News Service

  • Pak drone spotted near border village

    495 shares
    Share 198 Tweet 124
  • Drone Dropping Of Weapons: NIA Carrying Out Raids At Multiple Locations In J&K

    495 shares
    Share 198 Tweet 124
  • Centre issues draft Indian Ports Bill, 2022

    494 shares
    Share 198 Tweet 124
  • 2 held, 3 vehicles seized in Sopore: Police

    494 shares
    Share 198 Tweet 124
  • Toshkhana brought under administrative control of Deptt of Culture

    494 shares
    Share 198 Tweet 124
  • Light Rain Forecast In J&K

    494 shares
    Share 198 Tweet 124
  • 3 IAS, 1 IRS officers transferred

    494 shares
    Share 198 Tweet 124
Precious Kashmir

Copyright © 2020 Precious Kashmir.

Navigate Site

  • Home
  • About Us
  • Contact Us
  • Advertise with Us
  • Terms of Service

Follow Us

No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper

Copyright © 2020 Precious Kashmir.