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Afghan, Iran railway delegations meet in Tehran 

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(Last Updated On: August 29, 2023)

The Afghanistan Railway Authority’s general director Bakht ul Rahman Sharafat and his accompanying delegation met with Seyed Miad Salehi, head of the Islamic Republic of Iran Railways in Tehran, Iran on Monday night, ARA said Tuesday.

Afghanistan railway special adviser, Mirwais Ghafouri; deputy director of the department of economic relations of the ministry of foreign affairs, Abu Bakr Zadaran; chief of ceremonies of the Afghan embassy in Tehran, Mohammad Aleem Noorani; and the spokesman of the Railway Authority, Abdul Sami Durrani, accompanied the general director.

According to the statement, Salehi welcomed the Afghan delegation, and said: “We are glad to host you and we hope that this meeting will lead to the development of bilateral cooperation.”

Sharafat said: “Iran has paid special attention to the start of transfers through the Khawaf-Herat railway.”

Discussions also centered around the speed of transfers via the Khawaf-Herat railway line. The Iranian side said they were trying to increase the volume of cargo on the route.

Both sides noted that the Khawaf-Herat railway line was important for the economic development of both countries.

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Female entrepreneurs at Kabul women’s market say businesses are doing well

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(Last Updated On: September 26, 2023)

A number of female entrepreneurs at the special women’s market in Kabul say their businesses are improving day-by-day and that they have also set up online shopping opportunities for women.

These women say they are happy to have their own market where they can sell their own goods.

“Our clothes are Afghani Gand (traditional dress). Our sellers and buyers are both women. We are happy that such a market has been established in Kabul,” said Ferozah Qasimi, a woman entrepreneur.

“The good thing about this market for women and girls is that they can easily and calmly use the green space here, relax their minds and buy the things they need from one place,” said another woman entrepreneur.

“My request to government and foreign institutions is to join hands with us, to cooperate with us so that we can make further progress in our work,” said another businesswoman.

Meanwhile, the Women’s Chamber of Commerce says there is no limit to women entrepreneurs.

“We are seeing very good developments in this chamber which is creating markets and creating expos,” said Salma Yousafzai, head of the Women’s Chamber of Commerce.

The Ministry of Industry and Commerce (MoIC) spokesperson Abdulsalam Jawad Akhundzada stated that the ministry supports businesswomen.

“The Ministry of Industry and Commerce has always supported women entrepreneurs and has always supported them in all aspects of trade and industry,” said Akhundzada.

“Thousands of women in 34 provinces of Afghanistan are actually working in various sectors of industry and investment,” he added.

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Foreign cash aid and tight restrictions on afghani helps ‘stabilize’ local currency

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(Last Updated On: September 26, 2023)

Billions of US dollars, flowing into Afghanistan, in the form of cash aid, is helping to stabilize the local currency so much that the AFN has been propelled to the top of the global rankings this quarter.

According to America’s Bloomberg news agency, the afghani (AFN) has maintained its value against foreign currencies, especially the US dollar, on the back of the cash aid and other factors.

Additional actions are also helping to stabilize the currency including the Islamic Emirate’s ban on the use of Pakistani rupees and US dollars on the local market, and an increase in cross border trade, Bloomberg reported.

Currently, the AFN is trading at just under 80 afghanis to the dollar.

The international community has shipped in on over $40 million dollars a week since the fall of the former government. This money is handled by the UN and used for aid in the country.

Bloomberg reported however that the cash aid and increased trade with Afghanistan’s neighbors has propelled Afghanistan’s currency to the top of global rankings this quarter — an unusual spot for a poverty-stricken country.

The IEA’s tight restrictions on taking dollars out of the country, banning online trading and imposing prison sentences on those who break the rules, have also contributed to this stability, Bloomberg reported.

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IEA orders all government entities to procure domestic goods over imported products

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(Last Updated On: September 25, 2023)

Under the guidance of the Deputy Prime Minister for Economic Affairs Office, a meeting aimed at bolstering the industrial sector and supporting locally manufactured goods was held at Marmarin Palace on Monday.

Officials from key ministries, including finance, interior, industry and commerce, economy, the general directorate of intelligence, and representatives from the private sector participated.

Significant decisions were made to strengthen the domestic industrial landscape. The Afghanistan Chamber of Industry and Mines will formally present domestic products to the Tariff Committee, which will follow a meticulous process of assessing quality, quantity, and pricing. The Tariff Committee, which is made up of officials from the general directorate of intelligence, Afghanistan Food and Drug Authority, and Afghanistan National Standard Authority, will determine import tariffs so as to ensure domestically made goods are prioritized on the local market.

Their findings will be reported to the Office of the Deputy Prime Minister for Economic Affairs. Furthermore, in alignment with Resolution No.19 of the Cabinet of the Islamic Emirate of Afghanistan, all government institutions are mandated to prioritize the use of domestic products in their procurement processes. This commitment extends to cases where the quality of domestic products may lag behind foreign counterparts by 10 to 15 percent.

Government entities are directed to maintain comprehensive lists of domestic products and seek quotations accordingly during procurement. To address security concerns for industrialists and investors and foster effective coordination, it was resolved that within three days, the Ministries of Interior, Finance, Industry and Commerce, the General Directorate of Intelligence, and the Chambers of Afghanistan Trade and Investment and Industry and Mines will designate competent representatives to the Office of the Deputy Prime Minister for Economic Affairs.

Additionally, the Ministry of Industry and Commerce assumes the pivotal role of submitting product names, marks, and brands for anti-counterfeiting measures to the Office of the Deputy Prime Minister for Economic Affairs.

As a concluding mandate, the Tariff Committee, under the stewardship of the Ministry of Industry and Commerce, will comprehensively investigate the existing challenges related to invoice execution between the Chambers of Commerce and Investment and Industry and Mines.

Their findings and recommendations will be presented to the Office of the Deputy Prime Minister for Economic Affairs.

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