Business
Chamber claims corruption, insecurity eradicated in Afghanistan
Officials of Afghanistan’s Chamber of Industries and Mines (ACIM) said on Tuesday that corruption and insecurity have been eradicated since the Islamic Emirate of Afghanistan (IEA) took power last year but stated that the country was dealing with a severe economic crisis.
Officials said that one example is that of factories. According to them hundreds of manufacturing businesses have closed down due to the crisis.
The sudden collapse of the former government in August last year resulted in foreign donors cutting off all funding to Afghanistan, freezing of the country’s foreign reserves and imposition of economic sanctions.
Afghanistan, which has for the past 20 years been largely reliant on foreign funding, has been hit hard by these decisions which have contributed enormously to the current humanitarian crisis.
Chamber officials meanwhile said that international sanctions on Afghanistan’s banking system have led to the closure of many factories.
“We are satisfied with the Islamic Emirate, they are trying to promote domestic products and industries. Problems we have are because of international sanctions. The problem must be solved and Afghan money must be released,” said Sakhi Ahmad Paiman, the deputy head of the ACIM.
Members of the Steel Association, which is a major electricity consumer in Afghanistan, said that they still have power supply problems but other issues, including the smuggling of raw materials, has been stopped.
“Our problems have decreased compared to the past. Our expectation is to decrease challenges regarding domestic products,” said Abdul Nasir Rishtia, a member of the Steel Association.
Economic analysts also called on the IEA to help Afghan traders expand the domestic markets.
Business
Economic Commission approves expansion of Sher Khan port to boost regional trade
The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.
Afghanistan’s Economic Commission has approved a series of measures to expand the capacity of Sher Khan Port in an effort to strengthen trade with Tajikistan, Kyrgyzstan, and China.
The commission, chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, met on Tuesday to review proposals submitted by the Ministry of Transport and Civil Aviation aimed at increasing regional trade through the northern border crossing.
According to the approved plan, the Ministries of Finance, Interior, and other relevant institutions will develop new infrastructure at Sher Khan Port and expand existing facilities to accommodate growing trade volumes.
The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.
In addition, the Ministry of Finance was instructed to allocate funding for the construction of a logistics center at Sher Khan Port. The facility will provide customs services, warehousing, cargo handling, and freight-loading operations to streamline trade activities.
The meeting also directed the Ministry of Public Works to construct the necessary railway infrastructure inside Afghanistan to activate the ECO railway corridor, a regional transport initiative linking Iran, Afghanistan, Tajikistan, and Kyrgyzstan under the framework of the Economic Cooperation Organization (ECO).
Separately, the commission decided that several state-owned entities will transfer their scrap iron to the National Development Company, which will process the material into standard steel reinforcing bars (rebar) for use in major government infrastructure projects.
The commission also endorsed 37 national standards and 12 testing methods proposed by the National Standards and Quality Authority. The standards cover agricultural products, food items, pharmaceuticals, construction materials, telecommunications and electrical equipment, chemicals, plastics, medical equipment, and several other sectors. Officials said the standards were developed in line with Afghanistan’s current needs and international benchmarks.
The meeting concluded with the presentation of follow-up reports on a number of ongoing issues, and relevant institutions were given the necessary directives. All decisions adopted during the session have been forwarded to the Office of the Supreme Leader for final approval.
Business
Afghanistan, Uzbekistan sign $50 million worth of trade agreements at Mazar-e-Sharif forum
The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.
Afghanistan and Uzbekistan signed 25 cooperation agreements worth $50 million during a bilateral business forum held in the northern city of Mazar-e-Sharif, officials said.
Faiz Ahmad Khawafi, Deputy for Provincial Affairs at the Afghanistan Chamber of Commerce and Investment, said the agreements were signed in the presence of 130 Uzbek businessmen and investors, the governor of Uzbekistan’s Fergana region, as well as Afghan local officials and private sector representatives.
According to Khawafi, the agreements aim to expand bilateral trade, boost investment, and strengthen economic cooperation between Afghanistan and Uzbekistan.
The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.
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