Business
10 major projects underway for canals and dams across Afghanistan

Officials at the Ministry of Energy and Water (MEW) said Thursday during an accountability report that more than ten major projects involving canals and dams have been undertaken throughout the country.
According to officials, 125 water facility projects have been designed so far and plans are in place to attract investment, and legalize and implement practical measures for water supply projects in the country.
The ministry officials meanwhile added that the water shortage crisis in the capital is the result of years of irresponsibility.
“The Helmand River basin has experienced a severe drought, which is caused by global climate changes. The findings and research of world-renowned institutions also show that Afghanistan is one of the few countries that has suffered the most damage from climate change,” said Noman Nisar, Director General of Water Affairs.
In the energy sector, this ministry is still in three basic sections and has arranged five-year plans to expand and attract investment and adaptive plans that have been able to install solar energy production devices in Kunar, Bamiyan, Kunduz, Ghazni and Daikundi provinces, officials said.
The ministry has also signed agreements with Turkmenistan, Uzbekistan and Tajikistan to increase electricity.
The Energy Ministry said it has more than 411 new projects are underway, for which more than $3 billion dollars has been allocated by the Ministry of Finance to implement them.
Business
Female entrepreneurs at Kabul women’s market say businesses are doing well

A number of female entrepreneurs at the special women’s market in Kabul say their businesses are improving day-by-day and that they have also set up online shopping opportunities for women.
These women say they are happy to have their own market where they can sell their own goods.
“Our clothes are Afghani Gand (traditional dress). Our sellers and buyers are both women. We are happy that such a market has been established in Kabul,” said Ferozah Qasimi, a woman entrepreneur.
“The good thing about this market for women and girls is that they can easily and calmly use the green space here, relax their minds and buy the things they need from one place,” said another woman entrepreneur.
“My request to government and foreign institutions is to join hands with us, to cooperate with us so that we can make further progress in our work,” said another businesswoman.
Meanwhile, the Women’s Chamber of Commerce says there is no limit to women entrepreneurs.
“We are seeing very good developments in this chamber which is creating markets and creating expos,” said Salma Yousafzai, head of the Women’s Chamber of Commerce.
The Ministry of Industry and Commerce (MoIC) spokesperson Abdulsalam Jawad Akhundzada stated that the ministry supports businesswomen.
“The Ministry of Industry and Commerce has always supported women entrepreneurs and has always supported them in all aspects of trade and industry,” said Akhundzada.
“Thousands of women in 34 provinces of Afghanistan are actually working in various sectors of industry and investment,” he added.
Business
Foreign cash aid and tight restrictions on afghani helps ‘stabilize’ local currency

Billions of US dollars, flowing into Afghanistan, in the form of cash aid, is helping to stabilize the local currency so much that the AFN has been propelled to the top of the global rankings this quarter.
According to America’s Bloomberg news agency, the afghani (AFN) has maintained its value against foreign currencies, especially the US dollar, on the back of the cash aid and other factors.
Additional actions are also helping to stabilize the currency including the Islamic Emirate’s ban on the use of Pakistani rupees and US dollars on the local market, and an increase in cross border trade, Bloomberg reported.
Currently, the AFN is trading at just under 80 afghanis to the dollar.
The international community has shipped in on over $40 million dollars a week since the fall of the former government. This money is handled by the UN and used for aid in the country.
Bloomberg reported however that the cash aid and increased trade with Afghanistan’s neighbors has propelled Afghanistan’s currency to the top of global rankings this quarter — an unusual spot for a poverty-stricken country.
The IEA’s tight restrictions on taking dollars out of the country, banning online trading and imposing prison sentences on those who break the rules, have also contributed to this stability, Bloomberg reported.
Business
IEA orders all government entities to procure domestic goods over imported products

Under the guidance of the Deputy Prime Minister for Economic Affairs Office, a meeting aimed at bolstering the industrial sector and supporting locally manufactured goods was held at Marmarin Palace on Monday.
Officials from key ministries, including finance, interior, industry and commerce, economy, the general directorate of intelligence, and representatives from the private sector participated.
Significant decisions were made to strengthen the domestic industrial landscape. The Afghanistan Chamber of Industry and Mines will formally present domestic products to the Tariff Committee, which will follow a meticulous process of assessing quality, quantity, and pricing. The Tariff Committee, which is made up of officials from the general directorate of intelligence, Afghanistan Food and Drug Authority, and Afghanistan National Standard Authority, will determine import tariffs so as to ensure domestically made goods are prioritized on the local market.
Their findings will be reported to the Office of the Deputy Prime Minister for Economic Affairs. Furthermore, in alignment with Resolution No.19 of the Cabinet of the Islamic Emirate of Afghanistan, all government institutions are mandated to prioritize the use of domestic products in their procurement processes. This commitment extends to cases where the quality of domestic products may lag behind foreign counterparts by 10 to 15 percent.
Government entities are directed to maintain comprehensive lists of domestic products and seek quotations accordingly during procurement. To address security concerns for industrialists and investors and foster effective coordination, it was resolved that within three days, the Ministries of Interior, Finance, Industry and Commerce, the General Directorate of Intelligence, and the Chambers of Afghanistan Trade and Investment and Industry and Mines will designate competent representatives to the Office of the Deputy Prime Minister for Economic Affairs.
Additionally, the Ministry of Industry and Commerce assumes the pivotal role of submitting product names, marks, and brands for anti-counterfeiting measures to the Office of the Deputy Prime Minister for Economic Affairs.
As a concluding mandate, the Tariff Committee, under the stewardship of the Ministry of Industry and Commerce, will comprehensively investigate the existing challenges related to invoice execution between the Chambers of Commerce and Investment and Industry and Mines.
Their findings and recommendations will be presented to the Office of the Deputy Prime Minister for Economic Affairs.
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