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A look at the economic progress of Afghanistan in 1402
Although the country’s financial system is still under sanctions, major developments have happened for the country’s economic growth in this solar year – 1402.
This year, the Islamic Emirate was able to complete some large projects using domestic revenues.
The completion of the first phase of the Qosh Tepa canal and the reconstruction of a part of the Salang Highway are among the most important projects that have been completed this year.
Attracting $6.5 billion investment in the seven large mines of the country, expanding trade relations with neighboring countries, maintaining the value of the Afghan currency against foreign currencies, preventing the smuggling of dollars out of the country, and also preventing the use of foreign currencies in daily transactions are among the other achievements of the Islamic Emirate.
The spokesman of the Islamic Emirate says that 1402 is considered to be a successful year from an economic point of view.
In 1402, Afghanistan’s exports to other countries increased. According to the Deputy Prime Minister’s Office, exports last year totaled $1.71 billion. Afghanistan’s commercial goods have been exported to Iran, Pakistan, India, Tajikistan, Uzbekistan, United Arab Emirates, Saudi Arabia, China, Kazakhstan and the United States.
In 1402, a number of foreign investors visited Afghanistan and expressed a desire to invest in the country.
In the year, the value of the Afghan currency rose against foreign currencies, the central bank banned the use of foreign currencies in daily transactions and stopped dollars from being smuggled out of Afghanistan.
Moreover, Afghanistan had 21% of imports from Iran, 18% of imports from China, 18% of imports from Pakistan, and 14% of imports from the United Arab Emirates.
According to international organizations, despite the fact that Afghanistan is plagued by poverty, the Afghan economy is strengthening and the Islamic Emirate wants to single-handedly pull Afghanistan out of its economic crisis.
Russian Foreign Minister Sergey Lavrov said on Monday that security risks in Central Asia and developments in Afghanistan are among the primary concerns for the Collective Security Treaty Organization (CSTO).
The CSTO is a regional military alliance that includes Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan.
Speaking in Moscow during a meeting with CSTO Secretary-General Taalatbek Masadykov, Lavrov described the region’s security challenges as “central” to the organization’s agenda.
“The problems that are currently among the central ones for the CSTO are new challenges and threats. I am referring to the situation in the Central Asian region of collective security, as well as everything related to what is happening in Afghanistan,” he said.
He praised Masadykov as “one of the leading experts” on Central Asian security, noting that his experience could enhance coordination and increase the effectiveness of allied actions.
Similar to NATO, the CSTO considers an attack on one member state as an attack on all.
Countries in the region have always expressed concern about security threats from Afghanistan. The Islamic Emirate, however, has dismissed these concerns and assured that it will not allow Afghanistan’s soil to be used against another country.
The Ministry of Higher Education of Afghanistan has announced that the leader of the Islamic Emirate has approved the establishment of a faculty dedicated to “Prophetic Medicine.”
According to the ministry, this new faculty will play a vital role in advancing medical sciences and training skilled healthcare professionals across the country.
Afghanistan’s Minister of Borders and Tribal Affairs, Noorullah Noori, has announced that the long-delayed demarcation and renovation of border markers along the Afghanistan–Iran frontier will officially begin in the near future.
According to a statement from the ministry, Noori made the remarks during a meeting with Iran’s ambassador to Kabul, Ali-Reza Bikdeli.
He assured the Iranian side that the Islamic Emirate is fully committed to accelerating the process and resolving any challenges that may arise during implementation.
In a separate statement, the Iranian Embassy in Kabul said Bikdeli underscored the importance of bilateral cooperation on border issues, describing it as a key factor in strengthening and expanding overall relations between the two countries.
Officials from both sides agreed nearly three months ago to resume the border-marker renovation project, which had remained stalled for the past seven years.
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