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IEA approves new economic policy to boost growth and investment

The newly endorsed policy aims to lay the foundation for a developed and prosperous Afghanistan grounded in Islamic economic principles.

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The Economic Commission of the Islamic Emirate of Afghanistan, chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, convened on Sunday at the Marble Palace to review and approve the country’s new Economic Policy.

The newly endorsed policy aims to lay the foundation for a developed and prosperous Afghanistan grounded in Islamic economic principles.

It sets out strategic goals including the creation of an attractive investment climate, promotion of domestic production and exports, job creation, poverty reduction, and fostering sustainable economic growth and stability.

During the session, members highlighted that the policy is designed to improve coordination of economic activities, ensure efficient utilization of national resources, and strengthen the role of the private sector in economic development.

In line with this vision, the Ministry of Finance was instructed to allocate the necessary budget for the expansion of the electricity network to 13 villages in Pul-e-Khumri, Baghlan province, in the fiscal year 1404. The project will be implemented by Da Afghanistan Breshna Sherkat (DABS).

The Commission also approved two significant commercial development projects. In Balkh province, a private sector investment of 740 million Afghanis will fund the construction of an eight-story commercial market comprising 878 shops on land owned by the Ministry of Hajj and Religious Affairs.

Meanwhile, in Sar-e-Pul province, a standard commercial market will be established with an investment of 96 million Afghanis.

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Afghanistan raises import tariffs on several goods to support domestic industry

Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.

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Afghanistan’s Ministry of Finance says it has increased customs tariffs on several imported goods as part of measures aimed at supporting domestic production and industrial growth.

The ministry said the Tariff Committee approved the changes during its third meeting of the 1405 solar year.

Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.

Tariffs on leather footwear and plaster have each increased from 50% to 80%, while the rate on sanitary diapers has risen from 20% to 25%.

At the same time, the tariff on heart springs has been reduced from 8% to 3.5%.

The Ministry of Finance said customs tariffs on cement, iron pipes, refrigerators and raw materials used in carpet production are also under review.

According to the ministry, the tariff adjustments are intended to protect domestic industries, strengthen local production and create conditions for further growth in trade.

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Afghanistan-Kazakhstan trade reaches $581 million in six months

The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.

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Trade between Afghanistan and Kazakhstan reached $581 million in the past six months, officials in Afghanistan’s western Herat province said.

The figure was discussed during a meeting between Herat Governor Noor Ahmad Islam Jar and a Kazakh delegation led by Yerkin Tukumov, Kazakhstan’s special representative for Afghanistan.

Tukumov stressed the need to expand transit capacity and remove customs barriers to facilitate increased trade between the two countries. He also invited Afghan officials to attend a joint economic meeting scheduled to take place in Kazakhstan.

Islam Jar highlighted Herat’s strategic location and security, describing the province as having significant potential to serve as a hub for investment and regional trade.

Afghanistan and Kazakhstan have previously discussed expanding trade in agricultural products, including Afghan agricultural exports in exchange for flour imports from Kazakhstan.

The two sides have also reached understandings on cooperation over the Torghundi-Herat railway project, which is intended to strengthen transport and trade links.

The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.

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Ariana Afghan Airlines increases Kabul-Delhi cargo flights

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Ariana Afghan Airlines has increased cargo flights between Kabul and Delhi to facilitate the transportation of commercial goods and support Afghan traders.

In a statement issued Saturday, the airline said it will now operate two scheduled cargo flights daily on the Kabul-Delhi route, up from one flight per day previously.

The airline said Afghan traders and commercial companies can use the daily cargo services to transport their goods quickly, safely and reliably between Afghanistan and India.

Ariana Afghan Airlines said it is working to further expand and improve its air cargo services to support trade, meet the needs of Afghan traders and facilitate Afghanistan’s exports and imports.

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