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For Afghanistan’s development, international community must lift sanctions: MoE
The Ministry of Economy (MoE) says the country’s ongoing economic crisis is due to continued economic and banking sanctions and the freezing of Afghanistan’s foreign reserves.
According to MoE officials, although basic economic projects have not been implemented in Afghanistan in the past two decades, the Islamic Emirate is trying to use all the facilities it has to solve the country’s economic problems.
“In the past year and a half, the economic problems that Afghanistan has had, some are internal and some are external factors,” said Abdulrahman Habib, the economy ministry’s spokesperson.
“The freezing of the country’s national assets and the sanctions imposed on our financial and banking system have directly affected domestic and foreign business activities.”
Members of the private sector meanwhile have also criticized the continuation of global sanctions on Afghanistan, saying that if the banking sanctions are lifted and the frozen funds are released, the economy will improve.
“Their conditions [external investors] for investment are insurance issues, international transactions, and some laws that in light of these issues they can come to the country and invest,” said Shirbaz Kaminzadeh, the head of the Afghan Chamber of Industries and Mines.
“When the framework is not ready for investors, I don’t think big companies will come [to Afghanistan for investment],” he added.
Economic experts also consider the pressure and sanctions imposed by the international community as the cause of the current crisis in Afghanistan and add that if the country’s banking sector is freed from sanctions, Afghan investors will work towards resolving the country’s economic problems.
The Ministry of Mines and Petroleum of Afghanistan has signed a 30-year agreement with a private company to extract marble in Daikundi province.
Under the contract, the company will invest AFN 283 million in exploring and mining marble at the “Mesh-Uliya” site, spanning 16.74 square kilometers in central Daikundi.
Hedayatullah Badri, Minister of Mines and Petroleum, stated that the marble will be processed domestically before being exported abroad. He added that the Mesh-Uliya project is expected to create around 200 jobs, and the company is committed to supporting local communities through social initiatives.
Economic experts highlight that such investments, especially those focusing on domestic processing, are crucial for job creation, boosting exports, and strengthening the national economy. Analysts further note that the project will improve local infrastructure, expand social services, and enhance the economic and social well-being of Daikundi residents.
Since the return of the Islamic Emirate to power, efforts to develop Afghanistan’s mining sector have intensified, with multiple contracts signed in areas including cement, copper, iron, and lapis lazuli, involving both domestic and international companies.
A passenger bus veered off the Salang Highway before dawn on Sunday, leaving five people dead and 44 others injured, the Ministry of Public Works said.
According to the ministry, the incident occurred at around 2:00 a.m. in the Shawol area of North Salang when a passenger bus deviated from the main road due to the driver’s negligence.
Mohammad Ashraf Haqshenas, spokesperson for the Ministry of Public Works, said five passengers were killed and 44 others sustained injuries. He added that personnel from the Salang Maintenance and Protection Directorate promptly arrived at the scene and transferred the injured to the Khunjān clinic for medical treatment.
The Ministry of Public Works has urged drivers and passengers traveling on the Salang Highway to strictly follow the instructions of on-duty teams, observe traffic regulations, and carry warm clothing, food supplies, and snow chains to prevent similar incidents.
The ministry also noted that heavy snowfall and stormy weather have led to the temporary closure of the highway, while road maintenance teams are continuing snow-clearing operations.
Latest News
Major fire in Mandawi Kabul market contained, extensive losses prevented
Local shopkeepers said the fire broke out around 4 a.m.
The Ministry of Interior reported that personnel from the General Directorate of Firefighting and Emergency Response successfully prevented the further spread of a fire at Mandawi market on Kabul early Sunday morning.
Abdul Mateen Qani, spokesperson for the ministry, said that the fire destroyed 10 storage facilities and 8 shops. He added that initial losses are estimated at around $700,000, but timely action by firefighting personnel saved property worth approximately $2.2 million.
Qani explained that the fire was caused by an electrical short circuit. He praised the rapid and effective containment operations, which prevented more extensive damage.
Local shopkeepers said the fire broke out around 4 a.m.
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