ANI
04 Aug 2022, 00:48 GMT+10
Kabul [Afghanistan], August 3 (ANI): War-torn Afghanistan is witnessing an economic crisis and is under huge debt since the Taliban took control of the country as now it owes Tajikistan USD 28 million for electricity.
Da Afghanistan Breshna Sherkat (DABS) of Afghanistan owes Tajikistan USD 28 million for electricity, said Mohammad Omar Asuzada, the head of the national electricity company of Tajikistan, Barqi Tojik.
In a press conference held on August 1, the Tajik energy official said that transferring money from the DABS company to Barqi Tojik became quite challenging after the banks responsible for purchasing electricity encountered sanctions, Khaama Press reported.
"We have received USD 2 million in cash", however, the outstanding balance remains at USD 28 million to be paid by DABS," Asuzada said.
The Afghan company, DABS, "is working on the matter," he further added.
Tajikistan provided Afghanistan with more than 734 million kWh of electricity during the first half of the year, Khaama Press reported citing a Barqi Tojik senior official.
Due to the destruction of Afghan transmission lines in recent years, Afghanistan occasionally experienced interruptions in the provision of electricity, however, comes as according to a statement from the Uzbek Energy Ministry, Afghanistan has paid off its substantial debt to Uzbekistan for electric power imports.
Since the Taliban took control of Afghanistan in mid-August, many electricity supply projects in the country have been halted and several have shut down as well. The main reason for halting these projects is the suspension of funds from the Asian Development Bank, the World Bank and the United States development aid to Afghanistan.
Due to four decades of conflict, severe drought, and pandemics, Afghanistan's economy was already collapsing.
After the Taliban seized power following the hasty withdrawal of US soldiers, the international community froze Afghanistan's assets and withheld help.
Moreover, women work, and especially female breadwinners, have struggled to make ends meet since the Taliban took control. Female employees in government offices are currently housed in the majority of cases. (ANI)Get a daily dose of Middle East Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Middle East Star.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
New Delhi [India], July 3 (ANI): The recently finalised free-trade agreement (FTA) between India and the United Kingdom (UK) will not...
Washington is losing its dominance in the global artificial intelligence race A growing number of top Western companies are adopting...
Mumbai (Maharashtra) [India], July 3 (ANI): In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...