Latest News
Sanctions make IEA unable to launch major economic projects: ministry
The Islamic Emirate of Afghanistan’s (IEA) finance ministry says in the last sixteen months, the international sanctions on the Afghan banking system have made the government unable to put Afghanistan on the path of economic growth and development.
Ahmad Wali Haqmal, a spokesman for the Ministry of Finance, has said that these sanctions had the most effects on the people of Afghanistan and that Kabul wants all economic sanctions to be lifted by the international community.
“Over the past 15 months, our major problem was the frozen assets of Afghan people and restrictions on the banking system which has affected our activities and economy,” said Haqmal.
According to the officials of the finance ministry, sanctions have made them unable to undertake large economic projects.
A number of investors, however, have expressed that the flow of money transfer has not returned to normal and that they cannot freely transfer money through global systems.
Economic experts meanwhile have said that the finance ministry should increase its contact and coordination with international financial institutions in order to find a way to solve these problems.
According to economic experts, until financial problems in banks are not resolved and sanctions are not lifted, investors will face problems in their investments in Afghanistan.
Tajik authorities say their border guards clashed with militants who crossed into Tajikistan’s Khatlon region from Afghanistan on Tuesday night.
Tajikistan’s State Committee for National Security said in a statement that militants intended to carry out an armed attack on one of the border outposts.
Three militants were killed and two Tajik soldiers died in the clash. From the scene, three firearms—an M-16 rifle and a Kalashnikov assault rifle—three foreign-made pistols equipped with suppressors, ten hand grenades, one night-vision device, explosives, and other military equipment were seized, according to the committee.
This was the third reported attack from Afghanistan into Tajikistan in the past month, with the previous ones targeting Chinese nationals.
The Islamic Emirate previously said it assured Tajikistan it was ready to tighten border security and conduct joint investigations.
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
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