Business
Afghanistan and Iran sign MoU for railway cooperation
Bakht-ur-Rahman Sharaft, head of Afghanistan Railway Authority, on Wednesday signed a memorandum of understanding (MoU) with an Iranian delegation to increase cooperation in the railway sector.
The MoU was signed in Afghanistan’s Herat province which borders Iran.
Afghanistan Railway Authority in a statement said that during the signing ceremony of the MoU, the two sides talked about increasing bilateral cooperation.
Based on the agreement, Iran has announced its readiness to develop the Khaf-Herat railway line.
Iranian officials have also emphasized that they are interested in reviving the Silk Road with railways.
The agreement comes a day after the process of transporting commercial goods through the Khaf-Herat railway line began.
Zabihullah Mujahid, the spokesman of the Islamic Emirate, said at the ceremony on Tuesday that building a railway is a good way to connect the two nations and this connection can heal the wounds of the Afghan nation.
Business
Over 1,500 emerald mines discovered in Panjshir: Local officials
Local officials in Panjshir have announced the discovery of over 1,600 emerald mines in the province, with extraction currently underway at 600 sites.
Over the past year, the extraction of emeralds from 600 mines in Panjshir has yielded 100,000 carats, valued at approximately $6.9 million.
Panjshir Governor Mohammad Agha Hakim expressed optimism that the development of the mining sector will provide significant job opportunities, particularly for the province’s youth.
Economic experts believe that increased investment in large-scale mining could create tens of thousands of direct and indirect jobs, helping to reduce unemployment.
Meanwhile, Panjshir residents are calling on the Islamic Emirate to expand mining contracts in the province, highlighting the area's wealth in emeralds, iron, lead, zinc, and gold.
Business
IEA has provided facilities for industrialists and investors: Baradar
Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar says the Islamic Emirate has provided land, privileges, and facilities for industrialists and returning investors in industrial zones.
Speaking at a conference in Kabul on Thursday titled “Calls for Investment in Afghanistan”, Baradar said that the law for industrial zones had been signed with an introduction, six chapters, 11 sections, and 67 articles.
"I urge industrialists and investors to transfer their industries and investments to the country so that they can fulfill their responsibility in the development of the country's industry,” said Baradar.
He stated that the IEA has increased customs duties on imported items that are produced domestically and meet the needs of the people, in order to support local production.
Baradar added that all government departments have been instructed to prioritize domestic products in their purchases.
Meanwhile, the acting Minister of Industry and Commerce Nooruddin Azizi also announced at the conference that 160,000 hectares of land has been allocated to industrialists, and 1,200 investors have invested $500 million in various sectors.
Azizi said: “We have around 1,200 companies requesting land, and approximately $500 million is being invested by them in Afghanistan."
According to him, returning industrialists and traders are exempt from customs duties on machinery and equipment imports, and at their request, two-year visas will be issued for their foreign technical workers and engineers.
The acting Minister of Economy Din Mohammad Hanif also said: “If Afghan investors residing abroad bring half of their investment back to the country, Afghanistan will become self-sufficient."
Business
UNAMA officials meet with minister of economy, over Afghanistan aid
Afghanistan’s minister of economy said at the meeting that this year, international organizations should focus more on the implementation of development projects
The head of the United Nations Assistance Mission in Afghanistan (UNAMA), along with her deputy, met this week with the acting minister of economy, Din Mohammad Hanif, for discussions around aid.
According to the ministry, the meeting between Hanif and Roza Otunbayeva and Indrika Ratwatte focused on "the effective and transparent adaptation of humanitarian aid in accordance with the economic needs and development priorities of the people".
Hanif stressed in this meeting that in the coming year, international organizations should focus more on the implementation of development projects and activities in the country in order to solve livelihood problems and reduce the level of poverty and unemployment.
The UN’s World Food Program meanwhile said in its latest report that in December the agency reached 5.9 million vulnerable people with 43,396 metric tons of food and US$18.7 million cash under its general food assistance program.
The agency also said that WFP Afghanistan is only 10 percent funded for the January to June 2025 six-month period, with a net funding requirement of US$652 million.
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