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ADB approves $405 million in grants to help overcome crisis in Afghanistan

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(Last Updated On: January 26, 2022)

The Asian Development Bank (ADB) said Tuesday it has approved $405 million in grants to support food security and help sustain the delivery of essential health and education services for the Afghan people.

According to a statement issued by the ADB, under its Sustaining Essential Services Delivery Project (Support for Afghan People), ADB will provide direct financing to four United Nations (UN) agencies operating in Afghanistan.

This is for immediate humanitarian support in response to the unprecedented crisis and to help sustain the country’s human development, the statement read.

According to UN estimates, 22.8 million people are at risk of acute food insecurity.

These funds will enable the provision of emergency food to over 800,000 people and farm inputs, fertilizers, or small farm equipment to around 390,000 households. Around 168,000 people will be covered under food-for-work and cash-for-work programs.

In addition, $200 million will go towards maintaining basic health care and essential hospital services, covering a target population of about 5.3 million people, and the procurement and deployment of 2.3 million single-dose COVID-19 vaccines.

Other initiatives will also be driven through the use of the grant money that includes community-based education classes, for boys and girls; and the United Nations Development Programme (UNDP) will monitor project implementation, undertake macroeconomic and social assessments in the country, and assess the impact of ADB’s assistance.

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Afghanistan can become important industrial center in region: Hanafi

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(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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Pakistan: Consultations underway on preferential trade agreement with Afghanistan

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(Last Updated On: May 11, 2024)

Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.

According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.

In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.

Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.

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