Afghanistan Times
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AT Monitoring Desk
KABUL: The US Department of Treasury announced a new general license, lifting some of the financial sanctions on Afghanistan.
The license is “involving Afghanistan or governing institutions in Afghanistan” aimed to facilitate a broad range of commercial activities in the country.
In a statement released by the US State Department on Friday, the new general license says that financial institutions, non-governmental organizations, international organizations, and private sector companies can engage in wide-ranging transactions and activities in Afghanistan while complying with US sanctions.
“The affected sectors include personal and commercial banking, infrastructure development and maintenance, commercial trade, safety and maintenance operations for transportation systems, and telecommunications and information transactions,” the statement reads.
According to the department, the new license enables companies and organizations to work with Afghan governing institutions and do transactions. The statement, however, said the sanctions on Islamic Emirate officials remain in place.
“Today’s action facilitates private companies and aid organizations working with Afghan governing institutions and paying customs, duties, fees, and taxes, including institutions that are headed by sanctioned individuals,” the statement reads.
The statement said the new license will benefit the people of Afghanistan, stressing that the US stands with the people of Afghanistan as they work to rebuild their economy.
Previously the Treasury Department issued multiple licenses aimed to facilitate humanitarian assistance to Afghanistan as well as sending remittances by Afghans working abroad.
